Business News
AI and Cost-Cutting Lead to the Worst October Layoffs in 22 Years
In October, U.S. companies announced the highest number of layoffs for the month since October 2003.
By Sherin Shibu
Layoffs
Business News
‘Total Panic’: Target Is Planning to Cut 8% of Its Global Corporate Workforce — Its First Major Layoffs in a Decade
Target told corporate workers that it would be eliminating 1,800 roles next week.
By Sherin Shibu
Business News
Meta Lays Off Risk Employees As Technology Takes Over Jobs
The tech giant also cut 600 roles from the Superintelligence Labs division, its AI arm.
By Sherin Shibu
Business News
The Biggest Consumer Goods Giant in the World Is Laying Off Thousands of Workers: ‘The World Is Changing’
Nestlé owns more than 2,000 brands, including Nespresso and KitKat.
By Sherin Shibu
Building a Business
Being Laid Off Isn’t the End — Here’s Why It Might Be Time to Try Freelancing
With clear positioning, smart client strategies and the ability to monetize existing skills quickly, a career disruption can become the start of a more sustainable business.
By Laura Briggs
Business News
Paramount Is Cutting Thousands of Jobs This Fall Following Skydance Merger
Paramount's new leaders said they hoped to realize more than $2 billion in cost savings following the merger with Skydance.
By Sherin Shibu
Business News
Microsoft’s CEO Says the Company’s Mass Layoffs, Despite Financial Success, Are ‘Weighing Heavily on Me’ in an Internal Memo
Microsoft has laid off over 15,000 employees this year, but CEO Satya Nadella says headcount "is relatively unchanged" as the company continues to hire new workers.
By Sherin Shibu
Business News
Xbox Producer Tells Laid-Off Workers to Turn to AI For Advice If They’re Feeling ‘Overwhelmed’
Microsoft announced mass layoffs last week, affecting around 9,000 employees.
By Sherin Shibu
Business News
Bumble Is Laying Off 30% of Its Staff: ‘Our Path Forward Is Clear’
Bumble's most recent quarterly earnings report showed that revenue declined 7.7% year-over-year.
By Sherin Shibu
Business News
Is AI the Reason for Your Layoff? New York Becomes the First State to Require Companies to Disclose If So.
It's the first official statewide move towards understanding AI's effect on the labor market.
By Sherin Shibu
Business News
Amazon Lays Off Workers in Its Book Division, According to Leaked Email
The move impacted Amazon's Goodreads site and Kindle division.
By Sherin Shibu
Business News
Procter & Gamble Is Laying Off 7,000 Jobs. Here’s What We Know.
The layoffs affect non-manufacturing jobs and will take place over the next two years.
By Erin Davis
Business News
Disney Is Laying Off Hundreds of Workers. Here’s What We Know.
The layoffs span multiple divisions and will affect staff globally.
By Erin Davis
Business News
Walmart Is Laying Off 1,500 Corporate Employees: ‘Reshaping Our Structure’
The layoffs affect Walmart's global technology, advertising, and e-commerce teams.
By Sherin Shibu
Business News
TikTok Is Laying Off Some U.S.-Based Employees This Week. Here’s What We Know.
TikTok did not disclose the number of employees affected by the layoffs.
By Sherin Shibu
Business News
Microsoft’s Mass Layoffs Affected at Least 800 in Software Engineering, According to New Documents
About one-third of the total roles cut were reportedly at Microsoft HQ in Redmond, Washington.
By Erin Davis
Thought Leaders
Everyone’s Preaching ‘Workforce Efficiency’ — Translation: More Layoffs. Here’s a Better Solution
Across-the-board job cuts make a business less efficient. To make smarter workforce decisions, companies should connect the dots between people and business results.
By Ryan Wong
Business News
UPS Is Laying Off 20,000 Employees and Closing Over 70 Locations: ‘Reduce Cost’
UPS announced the move as part of its first-quarter earnings report on Tuesday.
By Sherin Shibu
Business News
Intel Is Reportedly Cutting 20% of Its Workforce Under a New CEO
Over 21,000 roles could be affected, marking Intel's biggest layoff round yet.
By Sherin Shibu
Business News
Google Layoffs Affect Hundreds in Division Working on Chrome Browser, Pixel Phones
A Google spokesperson said the move would help Google run more efficiently.
By Sherin Shibu
Business News
Layoffs Skyrocketed to Near Pandemic Highs in March. Here Are the Industries Impacted the Most.
Layoffs increased by 60% from February to March.
By Sherin Shibu
Business News
Morgan Stanley Plans to Lay Off 2,000 Workers, Replacing Some with AI
Morgan Stanley's planned job cuts are both performance and AI-based.
By Sherin Shibu
Business News
Goldman Sachs Asks Some Managers to Move From Major Hubs Like New York City to Emerging Regions Like Dallas — Or Quit
Goldman Sachs is also expected to cut around 3% to 5% of its 46,500-person workforce in the coming months.
By Sherin Shibu
Business News
The IRS Is Reportedly Planning to Cut Up to 45,000 Workers — Half of Its Workforce
The cuts include reductions from layoffs, buyouts, and attrition.
By Sherin Shibu
Business News
HP Is Laying Off Up to 2,000 Employees ‘All Over the Company’
HP is aiming to save $300 million through job cuts by October.
By Sherin Shibu
Business News
‘Necessary Change’: Starbucks Is Laying Off 1,100 Corporate Workers and Eliminating Open Roles — Read the Memo
The workers who are being laid off will be told by midday on Tuesday, Feb. 25.
By Erin Davis
Business News
Meta Confirms It Is Doubling Executives Bonuses to ‘Motivate’ and ‘Reward Them’ a Week After Layoffs
Meta executives can now make bonuses valued at up to 200% of their base salaries.
By Sherin Shibu