Layoffs

Amazon CEO: More Than 18,000 Jobs Will Be Eliminated

Amazon CEO: More Than 18,000 Jobs Will Be Eliminated
Amazon CEO: More Than 18,000 Jobs Will Be Eliminated
January 04, 2023  |  Retail

Amazon plans to lay off more than 18,000 workers. This total includes the reductions made in November and ones that were announced Wednesday (Jan. 4),...

READ MORE >
Wyre Reportedly Latest Victim of Crypto Winter
Wyre Reportedly Latest Victim of Crypto Winter
January 04, 2023  |  Cryptocurrency

Wyre is reportedly shutting down, the latest causality of an ongoing crypto downturn. “We’ll continue to do everything we can, but I want everyone to...

READ MORE >
Consumer Interest in Meal Kits May Be Too Late 
Consumer Interest in Meal Kits May Be Too Late 
January 04, 2023  |  Subscriptions

Meal kits are becoming more popular, but not enough to counteract the industry’s economic challenges. Research from PYMNTS’ recent study “12 Months Of The ConnectedEconomy™:...

READ MORE >
Report: 2022 Tech Layoffs Exceed Pandemic Job Cuts
Report: 2022 Tech Layoffs Exceed Pandemic Job Cuts
January 03, 2023  |  Economy

Tech layoffs in 2022 were nearly double those seen in the sector during the pandemic. According to Layoffs.fyi — a website that tracks layoffs in...

READ MORE >
Goldman Sachs Layoffs May Reach 4,000 Across Firm
Goldman Sachs Layoffs May Reach 4,000 Across Firm
December 16, 2022  |  Personnel

Goldman Sachs layoffs reportedly may reach as many as 4,000 employees. Reuters reported Friday (Dec. 16) that these planned cuts follow the firm’s laying off...

READ MORE >
BigCommerce to Restructure Business and Lay Off 13% of Workforce 
BigCommerce to Restructure Business and Lay Off 13% of Workforce 
December 15, 2022  |  eCommerce

BigCommerce Holdings has begun to restructure its business and lay off 13% of its workforce. The open software-as-a-service (SaaS) eCommerce platform said in a Thursday...

READ MORE >
Investment Bank Layoffs Hit Europe’s Financial Centers
Investment Bank Layoffs Hit Europe’s Financial Centers
December 13, 2022  |  Personnel

U.S. bank Citi is the latest investment bank to axe staff in Europe. Joining the likes of Deutsche Bank and Credit Suisse, Reuters reported earlier...

READ MORE >
Goldman Plans to Cut Consumer Banking Staff and Marcus Personal Loans
Goldman Plans to Cut Consumer Banking Staff and Marcus Personal Loans
December 12, 2022  |  Banking

Goldman Sachs reportedly plans to make cutbacks in its retail banking business.  The Financial Times reported Monday (Dec. 12) that the firm is considering cutting...

READ MORE >