Layoffs

Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts

Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
November 08, 2022  |  Facebook / Meta

Social media and metaverse company Meta will join the growing list of tech companies making large employee layoffs on Wednesday (Nov. 9). Get the Full...

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Citigroup Investment Banking Unit Slashes Staff Globally
Citigroup Investment Banking Unit Slashes Staff Globally
November 08, 2022  |  Personnel

The rising trend of large corporations cutting back employees looks set to continue amid a report that Citigroup is scaling back its investment banking unit’s...

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Meta Reportedly Preparing to Lay Off Thousands
Meta Reportedly Preparing to Lay Off Thousands
November 06, 2022  |  Facebook / Meta

Facebook owner Meta is reportedly set to begin massive layoffs this week, a first at that scale in the company’s history and the latest in...

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India’s Udaan Announces Layoffs in Wake of $120M Fundraise
India’s Udaan Announces Layoffs in Wake of $120M Fundraise
November 06, 2022  |  eCommerce

One week after raising $120 million, Indian B2B eCommerce firm Udaan is laying off at least 350 workers in a bid to reach profitability and...

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Spend Management Firm Pleo Lays Off 15% of Workforce
Spend Management Firm Pleo Lays Off 15% of Workforce
November 04, 2022  |  Personnel

Expense management solution provider Pleo has laid off 150 employees — 15% of its workforce — as it shifts its target from growth to efficiency. ...

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Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
November 03, 2022  |  Economy

Ride-hailing company Lyft is making another cut to its employees by laying off nearly 700 members of its staff, effective Thursday (Nov. 3). Get the...

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Neobanks Decimate Staff as They Chase Sustainable Profits
Neobanks Decimate Staff as They Chase Sustainable Profits
November 03, 2022  |  Banking

There’s an old business saying that holds that you can’t cut your way to profitability. Chime and its digital peers are going to put that...

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Digital Bank Chime to Cut 12% of Staff
Digital Bank Chime to Cut 12% of Staff
November 02, 2022  |  Personnel

Digital bank Chime is cutting staff in what it says is a move to ensure the long-term success of the company. Get the Full Story...

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