Layoffs

Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
January 08, 2024  |  Banking

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...

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Paytm Reports ‘Slight Reduction’ in Workforce After Implementing AI
Paytm Reports ‘Slight Reduction’ in Workforce After Implementing AI
December 27, 2023  |  Business

FinTech firm Paytm has reportedly confirmed a “slight reduction” in its workforce while denying media reports that it could cut more than 1,000 roles. The...

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Banks Slash 60K Jobs as Dealmaking and IPOs Decline
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
December 26, 2023  |  Banking

The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a...

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AI Can Replace ‘Work About Work’ Tasks, Business Survey Says
AI Can Replace ‘Work About Work’ Tasks, Business Survey Says
December 17, 2023  |  artificial intelligence

This year has seen a lot of sweeping predictions about AI’s impact on work. For example, Elon Musk has said that advances in artificial intelligence...

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Startups Slash Jobs as Funding Rounds Become Rare
Startups Slash Jobs as Funding Rounds Become Rare
December 14, 2023  |  Startups

A dearth of new funding rounds has reportedly triggered a wave of startup layoffs. This year saw more than 250,000 tech workers lose their jobs,...

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Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
December 11, 2023  |  Retail

Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job...

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Navan Lays Off 145 Employees to Accelerate Move to Profitability
Navan Lays Off 145 Employees to Accelerate Move to Profitability
December 05, 2023  |  Spend Management

Corporate travel and expense management startup Navan has laid off 145 people. The layoffs — 5% of the company’s staff — are part of a restructuring, TechCrunch...

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Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
December 05, 2023  |  Banking

Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. The price tag for those layoffs could come to between $750 million and just...

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Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big’
Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big’
December 04, 2023  |  Personnel

Spotify is laying off 17% of its workforce as the streaming audio platform tries to cut costs. “The Spotify of tomorrow must be defined by...

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