By Associated Press September 06, 2023 Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. The streaming platform also said in a regulatory filing Wednesday that it expects adjusted third-quarter revenue of between $835 million … Continue reading Roku stock surges as streaming service cuts 10% of its workforce
By Michael Grothaus August 25, 2023 It’s been another bad week when it comes to layoff announcements. First, Juul said it was cutting nearly 30% of its workforce. Now, T-Mobile has followed suit, announcing that it plans to cut 5,000 jobs by the end of next month, reports NPR. The job cuts will affect … Continue reading T-Mobile will lay off 5,000 U.S. workers in corporate and tech roles
By Emily Price August 01, 2023 Massive layoffs are coming to CVS. The pharmacy chain announced plans to lay off around 5,000 employees on Tuesday to cut costs and focus on providing customers more comprehensive health services. According to the Wall Street Journal, which first reported the news, the layoffs will reportedly primarily impact … Continue reading CVS Health is laying off thousands of employees: What’s happening and why
Evernote, once the king of note-taking apps, has been bought by Bending Spoons Devindra Hardawar @devindra It looks like Evernote’s 2020 redesign wasn’t enough to keep it independent. Today, the former darling notetaking app for productivity hounds, which was once valued at 1 billion dollars, announced that it has been purchased by Bending … Continue reading Evernote is relocating to Europe after laying off most of its US workforce
By Wilfred Chan July 07, 2023 Earlier this week, Lacey Purciful, a 38-year-old homeowner in Kempner, Texas, uploaded to TikTok an upsetting interaction captured by her porch security camera. A male delivery worker hands her a pizza, and as he turns to leave, remarks: “I just want to say, it’s a nice house for a … Continue reading A DoorDash worker cursed at her over a $5 tip. Then she learned what they’re paid
By Pavithra Mohan Even with summer upon us, there are few signs that companies have stemmed the flow of layoffs that have rocked the corporate world for the past year. In fact, the tech industry seems to be setting new records: This year, employers have cut 200,000 jobs and counting, according to Layoffs.fyi, far … Continue reading Tech layoffs keep coming. Here’s how hiring managers should respond
By Sam Becker May 31, 2023 The economy simply won’t quit—even as 3.8 million workers voluntarily did in April. The latest Job Openings and Labor Turnover Survey (JOLTS) report was released by the Bureau of Labor Statistics on Wednesday, which showed that there were 10.1 million job openings last month, up from 9.7 … Continue reading Despite layoffs and looming recession fears, millions of workers are still quitting their jobs
Spotify is laying off 200 employees from its podcast division Jon Fingas @jonfingas Spotify isn’t done with layoffs this year. The company is cutting 200 jobs in its podcast division, or about 2 percent of its workforce, as part of a “strategic realignment.” Spotify is moving to a more “tailored approach” that optimizes … Continue reading All the big tech layoffs of 2023
By Michael Grothaus May 31, 2023 Layoffs have unfortunately been all too common in 2023. Tech layoffs by far have dominated headlines, with the tech industry cutting over 200,000 jobs since the start of the year, according to data compiled by Layoffs.fyi. Media layoffs have also garnered a lot of attention. But another industry … Continue reading Wall Street mass layoffs continue as Goldman Sachs plans new round of job cuts: reports
By Michael Grothaus May 24, 2023 Updated Wednesday, May 24: Meta Platforms has begun what is expected to be its final round of large layoffs this year, according to reports in Reuters and elsewhere, and posts on social media. The job cuts, part of Mark Zuckerberg’s “year of efficiency,” were expected, as the CEO … Continue reading Meta mass layoffs: Latest round of job losses hits Facebook, Instagram parent company
