U.S. layoff announcements rose 7 percent in March to their highest since January 2023, led by technology and government-sector job eliminations, though cuts announced on a year-to-date basis are down 5 percent from a year ago amid a still-strong jobs market, a report out on Thursday showed.
Cranes are now moving wreckage from the bridge collapse site. Fast food chains in California brace for the new $20 minimum wage law to take effect. Find out how different restaurants are responding. Florida will soon allow the sale and purchase of massive-sized bottles of wine in the state. Expanding police’s power to arrest shoplifters? […]
Nike will cut about 1,700 jobs in an attempt to shed $2 billion in costs, while American Airlines said it’ll lay off 656 employees. Against the backdrop of a jobs report revealing over 8 million Americans working two jobs, NTD interviewed economic analyst Jim Nelles for insights.
As pandemic policies phase out, a rising number of companies are encouraging employees to return to the office. NTD interviewed Dan Schawbel, an author, Future-of-Work expert, and managing partner at Workplace Intelligence, to gain insights into how these changes are affecting both employers and employees.
SAN FRANCISCO—Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence. The mass layoffs announced Wednesday in conjunction with […]
E-commerce giant eBay announced on Jan. 23 that it is laying off 1,000 of its full-time employees, citing “external pressures,” including a “challenging macroeconomic environment.” CEO Jamie Iannone initially announced the job cuts in an internal notice that was later published on the company’s official website. Mr. Iannone stated the layoffs—which will impact an estimated […]
Digital streaming device maker Roku is planning yet another round of layoffs and will slow down on hiring as part of cost-cutting efforts, it has said. The San Jose, California-based company announced the new layoffs in a Sept. 5 regulatory filing with the Securities and Exchange Commission (SEC). After evaluating its operations, Roku “determined to implement […]
Microsoft announced a new round of job cuts internally on July 10 after laying off 10,000 employees between January and March. The company confirmed the layoffs to GeekWire, which broke the news first but did not provide any further details. “Organizational and workforce adjustments are a necessary and regular part of managing our business. We […]
Vodafone, one of the world’s largest telecommunications services, has become the latest tech company to announce mass layoffs as part of a “turnaround” plan to help the carrier regain its competitive edge following periods of underperformance. In a statement on Tuesday, newly appointed CEO Margherita Della Valle said the layoffs will include 11,000 employees over a […]
The mass layoffs that started late last year have continued into 2023, amid recession fears and economic slowdowns. So far, the number of tech layoffs globally this year has exceeded the total number from a year ago. According to data compiled by online tracker Layoffs.fyi, the running total of tech layoffs to date is 191,416, […]
The VICE Media Group (VMG) is cutting staff and ending its flagship news broadcast program “VICE News Tonight.” VMG co-CEOs Bruce Dixon and Hozefa Lokhandwala announced the layoffs in a memo obtained by Deadline on Thursday. In their memo, the two CEOs said they were pursuing staff cuts in “response to the current market conditions […]
More names are joining a growing list of companies laying off workers, as the firms try to right-size and prepare for a slowing economy. U.S. GDP growth slowed down in the first quarter, while inflation remains too high for the Fed. Are we seeing stagflation? Former Fox host Tucker Carlson broke his silence after his […]
3M Co. said on Tuesday it would cut about 6,000 positions globally as the U.S. industrial conglomerate looks to focus on high-growth businesses, including automotive electrification and home improvement. The move comes as an uncertain economy along with rising interest rates and stubbornly high inflation forces corporate America to get leaner in recent months. 3M, […]
ESPN began informing employees of layoffs Monday, which are job cuts that are taking place throughout its corporate owner, the Walt Disney Company. Disney CEO Bob Iger announced in February that the company would reduce 7,000 jobs either through not filling positions or layoffs. ESPN President Jimmy Pitaro said in a company memo sent to […]
Disney officials said that a second round of layoffs would start on April 24 as the company presses ahead with its objective of trimming around 3 percent of its 220,000-strong global workforce in a bid to cut costs. The latest round of job cuts will affect employees across the United States, where the company employs […]
Meta Platforms Inc. on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first Big Tech company to announce a second round […]
Disney will begin to lay off nearly 7,000 team members as early as this week, Disney’s CEO Bob Iger said in an email to staff on Monday. Iger laid out his plan and reasons for laying off so many employees in an email memo obtained by IndieWire. The layoffs—done in three stages—will begin this week for some, […]
Amazon on March 20 announced yet another round of layoffs, saying that it’s letting go of 9,000 employees or roughly 3 percent of its corporate workforce. In a blog post published on March 20, CEO Andy Jassy said the cuts will primarily affect those in Amazon’s cloud web services, the Twitch gaming division, advertising, and […]
