Ford Plans More Mass Layoffs After Getting Multibillion Dollar Loan From Biden: REPORT John Hugh DeMastri on June 27, 2023 Ford Motor Co. is set to lay off at least…
(Reuters) – KPMG is laying off 5% of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting…
By Anirudh Saligrama (Reuters) – BlackRock has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to…
By Krystal Hu SAN FRANCISCO (Reuters) – SoftBank Group Corp is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said,…
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but certain to result in significant…
Layoffs, Higher Prices And Fewer Choices Could Be Consequences Of Biden’s New Policy, Experts Warn John Hugh DeMastri on April 12, 2023 Economists and industry experts have expressed concern that…
By Daniel Wiessner (Reuters) – Twitter Inc faced a lawsuit on Tuesday accusing the social media giant of illegally laying off contract workers without notice after Elon Musk bought the…
MILAN (Reuters) – Italian metalworkers unions said on Wednesday they had reached an agreement with Stellantis for up to 120 layoffs through voluntary redundancies at the group’s Atessa van-making plant…
By Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more “streamlined” business,…
Tech Giants Unveil Even More Layoffs As Bloated Sector Struggles Jason Cohen on March 7, 2023 Big tech companies Meta, Atlassian, Sirius XM, and Microsoft are laying off substantial segments…
By Josh Ye HONG KONG (Reuters) – Pico, a virtual reality (VR) headset manufacturer owned by TikTok’s Chinese developer ByteDance, said on Friday it was laying off a small number…
‘We’ve Lost Key Battles’: Big Tech Companies Quietly Reduce Censorship Teams Following Legal Battles, Layoffs Katelynn Richardson on February 14, 2023 Big Tech companies have quietly cut their censorship teams as…
By Maiya Keidan TORONTO (Reuters) – Some of Canada’s top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups…
Microsoft Posts Worst Earnings In Years After Major Layoffs Lorenzo Prieto on January 24, 2023 Microsoft experienced its slowest quarter of growth in the last six years in the three…
Tech Layoffs Just Keep Coming As Spotify Makes A Giant Cut To Workforce John Hugh DeMastri on January 23, 2023 Audio streaming platform Spotify is laying off 6% of its…
(Reuters) – Twitter Inc plans to lay off 50 workers in the social media site’s product division in the coming weeks, news site Insider reported on Wednesday, citing two people…
By Jeffrey Dastin and Yuvraj Malik DAVOS, Switzerland (Reuters) – Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its…
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT John Hugh DeMastri on January 11, 2023 BlackRock, the world’s largest asset manager and possibly the most…
By Hannah Lang (Reuters) – The crypto industry’s woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking…
By Doyinsola Oladipo NEW YORK (Reuters) – 2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person…
Sales Software Firm Becomes Latest Tech Titan To Issue Layoffs John Hugh DeMastri on January 4, 2023 Salesforce, the owner of popular business communication app Slack and developer of other…
By Fanny Potkin and Paresh Dave (Reuters) – Twitter Inc’s public policy chief has left the company amid additional layoffs to the unit on Thursday, sources familiar with the matter…
TRENTON, NJ – Running a business in New Jersey is hard, but during hard times, such as forced government closures as a result of future possible health emergencies, shutting a…
Elon Musk Targeted Women In Mass Twitter Layoffs, Class Action Lawsuit Alleges John Hugh DeMastri on December 8, 2022 UPDATE: This story has been updated to include a comment from…
By Daniel Wiessner (Reuters) – Twitter Inc has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of…