Britain plans to boost nuclear workforce
LONDON (Reuters) – Prime Minister Rishi Sunak will set out plans to boost Britain’s nuclear workforce on Monday, as increased submarine building and the growing needs of the nuclear energy industry are…
Amazon lays off about 5% of workforce at Buy with Prime unit
(Reuters) – Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not…
Amazon cuts 5% of Audible division’s workforce – Business Insider
(Reuters) – Amazon.com is laying off 5% of the workforce at Audible, Business Insider reported on Thursday, citing a memo by the head of the audiobook and podcast division. The news comes…
Amazon’s Twitch to lay off 35% of workforce- Bloomberg News
(Reuters) – Amazon.com’s streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported on Tuesday, citing people familiar with the plans. The move could…
Twilio to cut about 5% of total workforce
(Reuters) – Cloud communications platform Twilio Inc said on Monday it will lay off about 5%, or 295, of its total workforce by the first quarter of 2024 to achieve profitable growth.…
EV battery startup ONE cuts workforce by 25%
(Reuters) – Our Next Energy (ONE) said on Monday it has cut around 25% of its workforce, or 128 employees, as the electric-vehicle battery startup deals with high borrowing costs and an…
Virgin Galactic to cut workforce by 18%
(Reuters) -Virgin Galactic Holdings announced on Wednesday it will be laying off approximately 185 employees, constituting about 18% of its workforce, in a bid to cut costs. Shares of the company were…
Four Men Convicted of Conspiracy and Schemes to Defraud the Small Business Administration, State Workforce Agencies, and Private Lenders
Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on October 17, 2023, defendants Aziz Hassan Bey, Letez Osiris Bey, Minister Zakar Ali, and Divine-Seven El were convicted…
LendingClub reducing 14% of workforce to ease cost pressures
(Reuters) – LendingClub is cutting 172 jobs, or 14% of its workforce, the financial services company said on Thursday, as it looks to reduce costs amid continued macroeconomic uncertainty. The Federal Reserve’s…
Flexport plans to cut up to 30% of workforce by end of Oct -sources
By Krystal Hu and Devika Madhusudhanan Nair (Reuters) -U.S. logistics startup Flexport plans to lay off up to 30% of its workforce by the end of the month following a change of…
Pandemic-Era Graduates Entering The Workforce Have No Idea What They’re Doing
Pandemic-Era Graduates Entering The Workforce Have No Idea What They’re Doing Will Kessler on August 2, 2023 Since the COVID-19 pandemic in 2020, new graduates’ industry-specific test scores and certifications have declined…
CME Group to lay off 3% of its workforce, reallocate positions
(Reuters) – CME Group, the world’s largest derivatives exchange, eliminated about 100 positions, or 3% of its workforce, this week while reallocating some positions, a spokesperson said on Friday. “The company plans…
Crypto firm Circle to cut workforce, focus on core activities
(Reuters) – Circle said on Wednesday it has reduced staff and ended investments in non-core activities as the stablecoin issuer seeks to shore up its balance sheet. The company joins a list…
‘That’s Not The Whole Story’: Seemingly Rosy Jobs Report Reveals Worrying Workforce Trends, Economists Say
‘That’s Not The Whole Story’: Seemingly Rosy Jobs Report Reveals Worrying Workforce Trends, Economists Say Jason Cohen on June 3, 2023 The U.S. economy added significantly more jobs than anticipated in May,…
Dropbox to cut workforce by 16%, hire new talent for AI-powered products
(Reuters) – Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut costs amid slowing cloud growth, and instead hire new talent to build…
Clorox to cut 4% of non-production workforce
(Reuters) – Clorox Co on Thursday said it would cut about 200 positions, or 4% of its non-production workforce, as it looks to keep a lid on costs amid worries of an…
Online US real estate firm Opendoor cuts 22% of workforce
By Greg Bensinger (Reuters) -Opendoor Technologies Inc on Tuesday said it was cutting roughly 560 jobs, or 22% of the workforce at the online U.S. real estate firm, citing a declining housing…
Air Force Doubles Down On Diversity Workforce, Would Pay $180K For Top Job
Air Force Doubles Down On Diversity Workforce, Would Pay $180K For Top Job Micaela Burrow on March 15, 2023 The Air Force recently opened up several diversity and inclusion managerial positions, including…
Ticketing service provider Eventbrite to lay off 8% workforce
(Reuters) – Eventbrite Inc said on Tuesday it will eliminate about 8% of the company’s workforce, as the ticketing service provider looks to cut costs amid worries of an economic downturn. Shares…
Palantir cuts around 2% of its workforce
(Reuters) – Data analytics firm Palantir Technologies said on Monday it has cut about 2% of its workforce, joining a raft of U.S. companies that have laid off thousands of workers amid…
Fidelity Investments to expand workforce by 4,000 in first half of 2023
(Reuters) – Fidelity Investments is planning to increase its headcount by 4,000 in the first half of this year, a spokesperson for the asset manager said in an emailed statement on Thursday.…
Neiman Marcus to lay off about 5% of workforce
(Reuters) – Neiman Marcus Group said on Tuesday it would lay off about 5% of its workforce, or around 500 employees, as the luxury department store chain looks to cut costs in…
Colombia’s aging floral workforce threatens Valentine’s potential
By Javier Andres Rojas TOCANCIPA, Colombia (Reuters) – Colombia’s flower industry is struggling to contend with an aging workforce as youth shun the industry in favor of jobs elsewhere, stifling productivity, industry…
BNPL lender Affirm to cut about 19% of its workforce
(Reuters) – Buy-now-pay-later lending firm Affirm Holdings Inc on Wednesday announced a restructuring plan to reduce about 500 employees, or about 19% of its workforce, sending the company’s shares down about 18%…
Dell to lay off 5% of workforce amid PC slump
(Reuters) – Dell Technologies Inc said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a…
Uber Freight laying off 150, about 3% of workforce
(Reuters) – Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company…
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