Job Cuts

Citigroup Begins Series of Wide-Ranging Layoffs
Citigroup Begins Series of Wide-Ranging Layoffs
November 15, 2023  |  Banking

Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the...

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Report: Meta to Lay Off Employees in Reality Labs Division
Report: Meta to Lay Off Employees in Reality Labs Division
October 03, 2023  |  Meta

In a move that could hinder Meta’s metaverse ambitions, the parent company of Facebook is reportedly planning to lay off employees in its Reality Labs...

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Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023  |  Economy

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept. 13), elevates the...

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Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
September 12, 2023  |  Banking

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020,...

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Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
September 11, 2023  |  Economy

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to...

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Salesforce Implements Additional Job Cuts in Irish Offices
Salesforce Implements Additional Job Cuts in Irish Offices
August 02, 2023  |  Personnel

Salesforce has laid off about 50 sales and customer success employees in its Irish offices. These job cuts were made Wednesday (Aug. 2) and are...

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Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
June 26, 2023  |  Personal Finance

Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading...

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Coupa Software Cutting Jobs as Part of ‘Company Reset Strategy’
Coupa Software Cutting Jobs as Part of ‘Company Reset Strategy’
May 31, 2023  |  Spend Management

Coupa Software is cutting an undisclosed number of jobs as part of a “company reset strategy.” The job reductions at the business spend management company...

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JPMorgan Chase Cuts 500 Technology and Operations Roles
JPMorgan Chase Cuts 500 Technology and Operations Roles
May 26, 2023  |  Banking

JPMorgan Chase has reportedly cut 500 positions, most being technology and operations roles. The cuts were made this week and across the bank’s divisions, CNBC reported Friday (May...

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