Layoffs

Biggest Banks Cut 20,000 Jobs Amid High Interest Rates

Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
October 19, 2023  |  Banking

Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the...

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LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in...

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Crypto Wallet Manufacturer Ledger Lays Off 12% of Staff 
Crypto Wallet Manufacturer Ledger Lays Off 12% of Staff 
October 05, 2023  |  Cryptocurrency

Ledger, a French firm building hardware and software for securing crypto assets, is laying off 12% of its staff.  “Macroeconomic headwinds are limiting our ability...

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Report: Amazon to Pull Plug on Live-Audio App Amp
Report: Amazon to Pull Plug on Live-Audio App Amp
October 04, 2023  |  Retail

Amazon is reportedly shutting down its live-audio app, Amp, which allowed users to play music and talk alongside the songs. Steve Boom, the head of Amazon’s digital...

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Report: Citigroup to Announce Layoffs in November Amid Reorganization
Report: Citigroup to Announce Layoffs in November Amid Reorganization
October 04, 2023  |  Personnel

Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be...

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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  |  Facebook / 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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Binance in ‘Do or Die’ Mode as Traders Imagine Life Without Exchange
Binance in ‘Do or Die’ Mode as Traders Imagine Life Without Exchange
September 26, 2023  |  Cryptocurrency

What would happen if the world’s largest cryptocurrency company suddenly collapsed? It’s a question the industry is asking about Binance, The Wall Street Journal reported Tuesday (Sept. 26),...

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Citigroup Layoffs Focus on Support, Technology Staff
Citigroup Layoffs Focus on Support, Technology Staff
September 15, 2023  |  Banking

Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank...

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