Layoffs

Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate

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  |  Mobile Commerce

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  |  Retail

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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Treasury Prime Cuts Staff Amid Shift to ‘Bank-Direct’ Offering
Treasury Prime Cuts Staff Amid Shift to ‘Bank-Direct’ Offering
February 29, 2024  |  Banking

Embedded banking firm Treasury Prime is cutting staff amid a new shift in strategy. “For years, we’ve been saying that the future of banking is embedded, with regulated...

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Worldline Projects Cooling Growth After ‘Consumption Slowdown’
Worldline Projects Cooling Growth After ‘Consumption Slowdown’
February 28, 2024  |  Earnings

French payments firm Worldline is projecting slower growth this year as European consumers reduce spending. “With a strong focus on the execution of the transformation plan in...

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