Job Cuts

Shopify Cuts 20% of Staff After Sale of Logistics Unit
Shopify Cuts 20% of Staff After Sale of Logistics Unit
May 04, 2023  |  Personnel

Shopify is letting go more than 2,000 workers amid a renewed focus on eCommerce. The company announced Thursday (May 4) that it was reducing the size of...

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US Layoffs Reach Two-Year High in Push for Profitability
US Layoffs Reach Two-Year High in Push for Profitability
May 02, 2023  |  Economy

New figures from the Labor Department show U.S. layoffs reaching their highest level in more than two years. The March Job Opening and Labor Turnover...

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First-Quarter Earnings Calls Show Shift From Growth to Efficiency
First-Quarter Earnings Calls Show Shift From Growth to Efficiency
May 01, 2023  |  Earnings

A shift from growth to efficiency is showing up in earnings calls across industries. With half of the S&P 500 having held calls for last...

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Best Buy Eliminates Hundreds of In-Store Consultant Roles
Best Buy Eliminates Hundreds of In-Store Consultant Roles
April 14, 2023  |  Retail

Best Buy has reportedly eliminated hundreds of roles in its brick-and-mortar stores. The cuts are centered on the electronics and appliance retailer’s “consultants” who focus on...

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Report: New Meta Layoffs Could Rival Last Year’s Job Cuts
Report: New Meta Layoffs Could Rival Last Year’s Job Cuts
March 12, 2023  |  Meta

Meta is reportedly planning multiple rounds of job cuts that could match last year’s layoffs. The cuts could come over the next few months and...

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Crypto Bear Market Sees Digital Asset Industry Layoffs Pile Up
Crypto Bear Market Sees Digital Asset Industry Layoffs Pile Up
February 23, 2023  |  Cryptocurrency

The number 2023 – new year or the number of crypto jobs cut these past two months? As a Bloomberg report Thursday (Feb. 23) noted, since January,...

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Deliveroo Cuts 9% of Global Workforce, Citing ‘Economic Headwinds’
Deliveroo Cuts 9% of Global Workforce, Citing ‘Economic Headwinds’
February 09, 2023  |  Delivery

Deliveroo is laying off 9% of its global workforce. In an open message published on the company’s website on Thursday (Feb. 9), Deliveroo CEO and founder Will...

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Wayfair to Cut 10% of Global Workforce
Wayfair to Cut 10% of Global Workforce
January 20, 2023  |  Retail

Wayfair is cutting 10% of its global workforce, including 18% of its corporate employees. The home goods retailer said in a Friday (Jan. 20) press release that these...

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Report: Snap Eyes 20% Cut in 6,500 Staff
Report: Snap Eyes 20% Cut in 6,500 Staff
August 30, 2022  |  Big Tech

Snap will lay off around 20% of its workforce, Bloomberg wrote. This comes out of their almost 6,500 employees, and the job cuts will start...

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