Corporate Lay Offs
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- News
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Laid-Off 24-Year-Old Techie With Six-Figure Salary Now Shucks Oysters At Parties
After being laid off, she has found an unusual new career: shucking oysters at high-end corporate events.
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Microsoft Announces 650 Layoffs at Xbox Unit in Bid to Cut Costs After Activision Acquisition
Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.
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KuCoin CEO Defends Company's Financial Position After Crypto Firm Reportedly Lays Off 30 Percent of Workforce
KuCoin has reportedly fired 30 percent of its workforce just days after tightening its KYC policy. In damage control, KuCoin CEO Johnny Lyu tweeted a clarification noting that the company’s finances were not an issue and that hiring and firing employees are part of day-to-day corporate functioning.
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Reddit Lays Off 5 Percent of Its Workforce, Will Reduce Planned Hiring for 2023
Reddit said on Tuesday it is laying off about 5 percent of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.
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US Industrial Company 3M To Lay Off 6,000 People Worldwide
The company anticipates annual pre-tax savings of $700 million to $900 million upon completion of cost-cutting actions.
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McDonald's CEO Earned Over 1,150 Times More Than His Average Employee: Report
The fast-food giant has temporarily closed its U.S. offices this week as it prepares to inform corporate employees about its layoffs.
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Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
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Amazon to Lay Off 9,000 Employees in Another Round of Job Cuts; Twitch, E-Commerce, HR Sector to Get Affected
Amazon.com on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking a new round of job cuts that pile onto the technology sector's woes. In a remarkable turn for a company long touting its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9 percent of its roug...
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Google Parent To Lay Off 12,000 Workers
The job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.
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Amazon Escalates Job Cuts, Says It Will Lay Off More Than 18,000 Workers
Amazon on Wednesday announced in a memo to staff that the firm would lay off more than 18,000 employees. The company's job cuts, which began last year, were previously expected to affect about 10,000 people. Amazon had over 1.5 million employees as of the end of September 2022, which means the latest job cuts would involve around 1 percent of its w...
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Amazon Mass Layoffs to Continue Till Next Year, Confirms CEO Andy Jassy
Amazon mass layoffs, which began in the company’s corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
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Tech Giant Oracle Lays off Employees in US, India May Be Hit
Tech giant Oracle has cut jobs in the US. The layoffs are also expected to hit employees in India and Canada in the coming weeks, The Information reported.
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Edtech Firm Vedantu Lays Off 200 Employees
Edtech firm Vedantu has laid off 200 employees as it did not find them in sync with the company's growth expectation.
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Better.com CEO Apologizes After Laying Off 900 Employees Via Zoom Call
The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media.
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SoftBank Group Partners With Oyo In Latin America
Oyo has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees.
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Laid-Off 24-Year-Old Techie With Six-Figure Salary Now Shucks Oysters At Parties
After being laid off, she has found an unusual new career: shucking oysters at high-end corporate events.
-
Microsoft Announces 650 Layoffs at Xbox Unit in Bid to Cut Costs After Activision Acquisition
Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.
-
KuCoin CEO Defends Company's Financial Position After Crypto Firm Reportedly Lays Off 30 Percent of Workforce
KuCoin has reportedly fired 30 percent of its workforce just days after tightening its KYC policy. In damage control, KuCoin CEO Johnny Lyu tweeted a clarification noting that the company’s finances were not an issue and that hiring and firing employees are part of day-to-day corporate functioning.
-
Reddit Lays Off 5 Percent of Its Workforce, Will Reduce Planned Hiring for 2023
Reddit said on Tuesday it is laying off about 5 percent of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.
-
US Industrial Company 3M To Lay Off 6,000 People Worldwide
The company anticipates annual pre-tax savings of $700 million to $900 million upon completion of cost-cutting actions.
-
McDonald's CEO Earned Over 1,150 Times More Than His Average Employee: Report
The fast-food giant has temporarily closed its U.S. offices this week as it prepares to inform corporate employees about its layoffs.
-
Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
-
Amazon to Lay Off 9,000 Employees in Another Round of Job Cuts; Twitch, E-Commerce, HR Sector to Get Affected
Amazon.com on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking a new round of job cuts that pile onto the technology sector's woes. In a remarkable turn for a company long touting its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9 percent of its roug...
-
Google Parent To Lay Off 12,000 Workers
The job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.
-
Amazon Escalates Job Cuts, Says It Will Lay Off More Than 18,000 Workers
Amazon on Wednesday announced in a memo to staff that the firm would lay off more than 18,000 employees. The company's job cuts, which began last year, were previously expected to affect about 10,000 people. Amazon had over 1.5 million employees as of the end of September 2022, which means the latest job cuts would involve around 1 percent of its w...
-
Amazon Mass Layoffs to Continue Till Next Year, Confirms CEO Andy Jassy
Amazon mass layoffs, which began in the company’s corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
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Tech Giant Oracle Lays off Employees in US, India May Be Hit
Tech giant Oracle has cut jobs in the US. The layoffs are also expected to hit employees in India and Canada in the coming weeks, The Information reported.
-
Edtech Firm Vedantu Lays Off 200 Employees
Edtech firm Vedantu has laid off 200 employees as it did not find them in sync with the company's growth expectation.
-
Better.com CEO Apologizes After Laying Off 900 Employees Via Zoom Call
The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media.
-
SoftBank Group Partners With Oyo In Latin America
Oyo has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees.
