On Feb. 21, Buzzfeed, the digital media company, announced it would be cutting 16% of its staff as part of its restructuring of the brand. The layoffs arrived amid the company’s discounted sale ...
In recent times, a worrying trend has emerged in the corporate world, with a growing number of companies announcing mass layoffs. This wave of job cuts, affecting a wide range of industries, reflects ...
But here we are, launching the third annual iteration tracking industry layoffs. Last year, we tallied 187 total layoffs among biotech companies, a 57% jump compared to 119 in 2022. We hope that ...
Home-theater repair technicians and phone support specialists were among those hit by the most recent wave of layoffs at the Richfield, Minnesota-based company, according to the newspaper.
Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source ...
There’s no easy way to announce layoffs. But you can avoid critical mistakes that could make the bad news even worse for your team. Here’s how. Use the right tone. While it’s important to be ...
EXCLUSIVE: We understand that Marvel underwent a handful of layoffs Monday, with 15 employees impacted across Marvel Entertainment in New York and Marvel Studios in Burbank. Those let go include ...
Many tech giants, including Microsoft, Snapchat and PayPal, have carried out significant layoffs this year. Some attribute these layoffs to efficiencies built during the pandemic or leveling off ...
After Tesla’s recent layoffs were revealed, the company’s stock price decreased by roughly 3%. Its previous close price was $171.05 per share, it’s trading down 3.4% at about $165 per share ...