Layoffs

Report: Meta Begins Last Round of Planned Layoffs

Report: Meta Begins Last Round of Planned Layoffs
Report: Meta Begins Last Round of Planned Layoffs
May 24, 2023  |  Facebook / Meta

Meta Platforms has reportedly commenced the last of a three-part series of job cuts. That’s according to a Wednesday (May 24) report by Reuters, citing...

READ MORE >
LinkedIn Cuts Staff and Shutters China-Focused Job Site
LinkedIn Cuts Staff and Shutters China-Focused Job Site
May 09, 2023  |  Economy

LinkedIn will shut down its Chinese jobs app and cut 716 positions amid slowing growth. The changes, announced in a letter to employees Monday (May...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
Gap Cuts 1,800 Jobs After $1 Billion Decline in Sales
Gap Cuts 1,800 Jobs After $1 Billion Decline in Sales
April 27, 2023  |  Retail

Struggling apparel retailer Gap is cutting 1,800 jobs as it looks to reduce expenses. The company announced the layoffs in a regulatory filing Thursday (April...

READ MORE >
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
April 24, 2023  |  Banking

First Republic Bank expects to reduce its workforce by as much as 25% in the second quarter. In its first earnings report since experiencing a...

READ MORE >
Buzzfeed and Insider Reportedly Cutting Jobs Amid Advertising Slowdowns
Buzzfeed and Insider Reportedly Cutting Jobs Amid Advertising Slowdowns
April 20, 2023  |  Economy

Two digital media organizations have reportedly made job cuts. Buzzfeed is shutting its news operation and eliminating 180 jobs, while Insider is cutting 10% of...

READ MORE >