Staff Cuts news and trends

Kraken Lays Off 1,100 Citing Lower Crypto Trading Volume
Cryptocurrency // November 30, 2022

Cryptocurrency exchange Kraken has laid off 1,100 employees in response to the current crypto winter.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

OYO To Lay Off 5K Workers To Cut Costs
Retail // March 04, 2020

As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The newest wave of job reductions would cut the company’s headcount to 25,000 across more than 80 nations, according to reports. Get the Full...

Western Union Misses On Earnings, Announces 10 Percent Staff Cut 
Earnings // August 02, 2019

Western Union’s stock price was down in after hours trading, after missing on earnings but lodging a narrow beat on revenue. Adjusted earnings per share (EPS) came in at $0.45 per share, missing analyst consensus estimates of $0.48 per share. This compares to earnings of...

Quick Reads
JPMorgan Chase Begins About 1,000 Layoffs While Continuing to Hire

February 12, 2025
JPMorgan Chase reportedly began a round of layoffs that is expected to affect fewer than 1,000 employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree […]

Kraken Lays Off 1,100 Citing Lower Crypto Trading Volume

November 30, 2022
Cryptocurrency exchange Kraken has laid off 1,100 employees in response to the current crypto winter.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

OYO To Lay Off 5K Workers To Cut Costs

March 04, 2020
As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The newest wave of job reductions would cut the...

Western Union Misses On Earnings, Announces 10 Percent Staff Cut 

August 02, 2019
Western Union’s stock price was down in after hours trading, after missing on earnings but lodging a narrow beat on revenue. Adjusted earnings per share (EPS) came in at $0.45...