Layoffs

Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas

Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas
Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas
August 16, 2024  |  Personnel

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this...

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Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing
Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing
July 19, 2024  |  Personnel

Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it reorients its business toward technology licensing. The company’s cuts included its...

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Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs
Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs
July 15, 2024  |  Personnel

Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles earlier this year. The latest cuts are part of the company’s ongoing effort to...

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AI’s Rise Helps Fuel Uptick in Tech Layoffs
AI’s Rise Helps Fuel Uptick in Tech Layoffs
July 14, 2024  |  Artificial Intelligence

Artificial intelligence (AI) is playing a role in recent tech sector job cuts. Layoffs in the tech industry for the year exceeded 100,000 as of...

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Report: CNN Cutting 100 Jobs as It Prepares Subscription Product
Report: CNN Cutting 100 Jobs as It Prepares Subscription Product
July 10, 2024  |  Streaming

CNN is reportedly cutting about 100 jobs as it prepares its new CNN.com subscription product. That’s according to a Wednesday (July 10) report by The Wall Street Journal...

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UiPath Announces 10% Cut in Staff to Reduce Costs
UiPath Announces 10% Cut in Staff to Reduce Costs
July 09, 2024  |  Personnel

UiPath, a provider of artificial intelligence (AI)-powered enterprise automation technology, said Tuesday (July 9) that it will lay off 10% of its global workforce as...

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2024 Tech Industry Layoffs Approach the 100K Mark
2024 Tech Industry Layoffs Approach the 100K Mark
June 25, 2024  |  Economy

Last year was a rough one for the tech industry, which lost 260,000-plus jobs. Halfway into 2024, the sector has already cut 99,672 positions, Seeking Alpha...

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Walmart Reportedly Slashing Jobs and Ending Remote Work
Walmart Reportedly Slashing Jobs and Ending Remote Work
May 14, 2024  |  Retail

Walmart is reportedly eliminating hundreds of corporate jobs and ending most remote work. That’s according to a report late Monday (May 13) by the Wall...

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