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
Layoffs | Page 2
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
Business News
UnitedHealthcare Offers Employees Voluntary Buyouts to Meet ‘Evolving Needs’
The health insurance giant could resort to layoffs if it doesn't meet resignation quotas with buyouts.
By Sherin Shibu
Business News
‘Unprecedented in Our 53-Year History’: Southwest Airlines Announces Its First Mass Layoffs Ever
The airline is eliminating 15% of its corporate workforce, including many in senior leadership positions.
By Sherin Shibu
Business News
Jeff Bezos’ Blue Origin Is Laying Off 1,400 Employees: ‘No Easy Way to Communicate This’
The cuts will affect around 10% of its workforce.
By Erin Davis
Business News
Chevron Announces Layoffs Affecting Up to 8,000 Workers: ‘Stronger Long-Term Competitiveness’
The oil producer said the layoffs are part of a cost-cutting initiative.
By Sherin Shibu
Business News
‘Scarlet Letter on Our Backs’: Meta Says Its Job Cuts Targeted ‘Low Performers,’ But Some Terminated Workers Have a ‘Solid’ Track Record
Job cuts affected about 3,600 Meta employees globally.
By Sherin Shibu
Business News
Meta Informs Staff that Layoffs Will Begin Monday Morning in a Now-Leaked Internal Memo
Have a good weekend, Meta employees!
By Sherin Shibu
Business News
‘I Didn’t Know What I Was Doing’: PayPal’s Cofounder Says When It Comes to Layoffs, CEOs Should Help Employees Pack Their Boxes
Max Levchin, cofounder of PayPal and CEO of Affirm, shares what he believes is the most decent way to handle the unpleasant task of carrying out layoffs.
By David James
Business News
A Human Resources Software Company Used By Most Fortune 500 Companies Is Laying Off 8.5% of Its Workforce
Workday is laying off 1,750 roles.
By Sherin Shibu
Business News
Google Is Offering a ‘Voluntary Exit’ For Some Employees After a Petition Signed by 1,400 Googlers Calls For Job Security
The buyouts apply to U.S. employees in Google's platforms and devices division.
By Sherin Shibu
Business News
‘I Hate Bureaucracy’: Leaked Internal Amazon Document Reveals How the Tech Giant Is Cutting Down on Middle Management
Amazon could soon let go of thousands of managers, resulting in savings of up to $3.6 billion.
By Sherin Shibu
Business News
‘Difficult Decision’: Amazon Announces a New Round of Layoffs. Here Are the Roles Affected.
Amazon's latest layoffs affect two specific departments.
By Sherin Shibu