Job Cuts

PayPal to Cut Workforce by 9%
PayPal to Cut Workforce by 9%
January 30, 2024  |  Digital Payments

PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and...

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Flexport Reportedly Plans to Lay Off 20% of Staff
Flexport Reportedly Plans to Lay Off 20% of Staff
January 28, 2024  |  Supply Chain

Supply chain logistics company Flexport is reportedly embarking on another sweeping round of job cuts. The firm plans to cut almost 20% of its staff — about 500...

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Ebay Cuts 9% of Staff Amid Rising Competition
Ebay Cuts 9% of Staff Amid Rising Competition
January 24, 2024  |  Retail

Online marketplace company eBay says it will lay off 9% of its workforce, citing a difficult macroeconomic environment. Those job cuts will affect about 1,000 full-time employees of the...

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Amazon Lays Off 5% of Buy With Prime Staff
Amazon Lays Off 5% of Buy With Prime Staff
January 19, 2024  |  Amazon

Amazon has made layoffs in its Buy with Prime unit, as part of its ongoing restructuring efforts. The company has laid off around 30 employees,...

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Wayfair Cuts 13% of Workforce While ‘Right-Sizing Its Cost Structure’
Wayfair Cuts 13% of Workforce While ‘Right-Sizing Its Cost Structure’
January 19, 2024  |  Retail

Wayfair is laying off 1,650 employees as part of its efforts around “right-sizing its cost structure.” The cuts amount to about 13% of its global...

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Google Chief Warns of More ‘Role Eliminations’ After YouTube Layoffs
Google Chief Warns of More ‘Role Eliminations’ After YouTube Layoffs
January 18, 2024  |  Big Tech

Google’s CEO has reportedly warned employees to expect more job cuts this year. “We have ambitious goals and will be investing in our big priorities this...

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Will AI’s Biggest Questions Find Their Answers This Year?
Will AI’s Biggest Questions Find Their Answers This Year?
January 17, 2024  |  artificial intelligence

Technological innovations bring with them vast economic opportunities, but also an equal number of questions. These can include questions around their most effective use, questions...

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Banks Slash 60K Jobs as Dealmaking and IPOs Decline
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
December 26, 2023  |  Banking

The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a...

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Amazon to Cut Jobs in Alexa Division, Focus on Generative AI
Amazon to Cut Jobs in Alexa Division, Focus on Generative AI
November 17, 2023  |  Amazon

Amazon is reportedly set to make hundreds of job cuts in its Alexa division. The move is part of the company’s efforts to focus on...

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