Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce, as the air-launched rocket company failed to find funding to sustain its operations. Most of the affected ...
The British billionaire's rocket company is ceasing its operations. Its stock has fallen by more than 89% this year. It is a blow that will resonate throughout the British aerospace industry for a ...
Hub—the vendor set up by Man Group, Pimco, State Street, IHS Markit, Microsoft, and McKinsey to overhaul asset management operations—is in the process of downsizing. WatersTechnology has learned that ...
Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push. Chief Executive Daniel Ek announced the job cuts—the Stockholm ...
Department-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on ...
‘8x8 is losing their channel religion a little bit,’ one anonymous 8x8 partner tells CRN regarding the latest round of layoffs that reportedly include most of the cloud communication provider ...
The headline above was a key finding in a management study I recently happened across. Specifically, 36% of employees felt so strongly about recognition (or lack of it) that it was "the number one ...
McKinsey is planning to lay off hundreds of staff as the consulting giant grapples with weaker demand for its services. The management consultancy company is preparing to make 360 redundancies ...
Cancer immunotherapy developer NextCure is laying off 37% of its staff and streamlining its research plans, the company said Thursday. Alongside its 2023 earnings, the biotech revealed that it is ...
(Reuters) -Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees ...
The firm said in November 2023 it had 5,000 employees, suggesting around 500 people are facing redundancy. It comes a day before Snap reports its fourth-quarter results - having reported a net ...
If you’re looking to spring clean your closet this season, we’ve got just the sale for you. Nordstrom Rack’s Clear the Rack event is here with unbeatable deals on all your favorite brands in ...