Layoffs

Regulations, Innovations and AI Define This Week in Big Tech
Regulations, Innovations and AI Define This Week in Big Tech
April 18, 2024  |  Big Tech

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable...

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Stability AI Lays Off Employees; Restructures After CEO’s Departure
Stability AI Lays Off Employees; Restructures After CEO’s Departure
April 18, 2024  |  artificial intelligence

Stability AI is laying off an unspecified number of employees as part of a restructuring process. The company will hold a town hall meeting Thursday (April...

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Google Laying Off Unspecified Number of Employees Amid Shifting Priorities
Google Laying Off Unspecified Number of Employees Amid Shifting Priorities
April 17, 2024  |  Google

Google is laying off an unspecified number of employees and shifting some roles to other countries as part of a continuing effort to cut costs. The...

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Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

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Report: Apple Cuts 614 Jobs in Largest Reduction Since Pandemic
Report: Apple Cuts 614 Jobs in Largest Reduction Since Pandemic
April 05, 2024  |  Apple

Apple is reportedly laying off 614 employees. The company gave notice of the job cuts on March 28 and those cuts will take effect on...

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Technology, Government, Financial Sectors Lead First-Quarter Job Cuts
Technology, Government, Financial Sectors Lead First-Quarter Job Cuts
April 04, 2024  |  Economy

The technology, government and financial sectors made the greatest number of job cuts during the first quarter. Across all industries, U.S. employers announced 257,254 job...

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Amazon Web Services Eliminates Hundreds of Roles to ‘Optimize Resources’
Amazon Web Services Eliminates Hundreds of Roles to ‘Optimize Resources’
April 03, 2024  |  Amazon

Amazon Web Services (AWS) is eliminating hundreds of roles in two of its organizations as it focuses on other areas. The job cuts will impact...

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ShopBack Cuts 24% of Staff Amid BNPL Retreat
ShopBack Cuts 24% of Staff Amid BNPL Retreat
March 19, 2024  |  BNPL

Singapore’s ShopBack is cutting a quarter of its staff as it exits the BNPL space. CEO Henry Chan announced the cuts in a message to employees Tuesday (March 19), saying...

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Santander Slashes Jobs as Banking’s Digital Shift Continues
Santander Slashes Jobs as Banking’s Digital Shift Continues
March 04, 2024  |  Banking

Santander is reportedly cutting 320 jobs as it continues to embrace digital banking. The Spain-based bank has laid off a little under 3% of its American staff in...

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