Layoffs

Banks Trim Pandemic-Fueled Headcount

Banks Trim Pandemic-Fueled Headcount
Banks Trim Pandemic-Fueled Headcount
January 22, 2023  |  Personnel

Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues. Industry watchers told the Financial Times (FT) the...

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Google Parent Alphabet Cutting 12K Jobs in ‘Different Economic Reality’
Google Parent Alphabet Cutting 12K Jobs in ‘Different Economic Reality’
January 20, 2023  |  Big Tech

Google parent Alphabet is cutting 12,000 jobs as it adjusts to the current macroeconomic environment. Google and Alphabet CEO Sundar Pichai said in a Friday...

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CEO Says Uber Has No Plans for Widespread Job Cuts
CEO Says Uber Has No Plans for Widespread Job Cuts
January 19, 2023  |  Economy

Uber’s CEO says the rideshare/delivery giant has no plans for company-wide layoffs. Dara Khosrowshahi made these comments — reported by Reuters — at the World...

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Microsoft Cuts 10K Jobs as Consumers ‘Do More With Less’
Microsoft Cuts 10K Jobs as Consumers ‘Do More With Less’
January 18, 2023  |  Big Tech

Microsoft is laying off 10,000 workers, part of an ongoing wave of tech job cuts. The layoffs, which represent a little under 5% of the...

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Report: Tech Firms Get Back to Basics Amid Rising Layoffs
Report: Tech Firms Get Back to Basics Amid Rising Layoffs
January 15, 2023  |  Economy

Will 2023 be the year Big Tech companies think less big? A report Saturday (Jan. 14) by the Wall Street Journal (WSJ) argues that tech...

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Growing Scrutiny, Layoffs Mark Next Leg of Post-FTX Crypto Contagion
Growing Scrutiny, Layoffs Mark Next Leg of Post-FTX Crypto Contagion
January 13, 2023  |  Cryptocurrency

It’s been a choppy start to the new year for the crypto industry. This, as millions of customers are out of their entrusted money and...

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Crypto.com Tops Off Brutal Week of Crypto Layoffs
Crypto.com Tops Off Brutal Week of Crypto Layoffs
January 13, 2023  |  Cryptocurrency

Crypto.com is cutting its global workforce by 20%. As the company’s co-founder and CEO, Kris Marszalek, stated in a blog post on Friday (Jan. 13),...

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LendingClub Cutting 225 Jobs as ‘Historic’ Rate Hikes Throttle Demand
LendingClub Cutting 225 Jobs as ‘Historic’ Rate Hikes Throttle Demand
January 12, 2023  |  Personnel

LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital...

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