Instacart cuts 250 jobs after reporting increased revenue That equals about seven percent of its workforce. Sarah Fielding Updated Thu, Feb 15, 2024 Dado Ruvic / reuters Another day, another layoff occuring in the tech world. Instacart, the popular grocery delivery and pick-up service has announced the termination of 250 employees — about seven percent … Continue reading Instacart cuts 250 jobs after reporting increased revenue
By Pavithra Mohan February 08, 2024 Earlier this month, Zoom followed in the footsteps of many of its peers in the tech industry and laid off 150 employees—about 2% of its workforce—in an effort to redirect its resources and invest in what the company described as “critical areas for the future.” One of the … Continue reading Zoom laid off its DEI team—and it’s not the only company making such cuts
By Michael Grothaus January 24, 2024 It’s been another brutal week for tech layoffs. In the past six days, numerous major tech companies have announced they are cutting jobs. The most recent is e-commerce juggernaut eBay, which has announced it will cut 9% of its workforce. Here’s the latest: Wayfair: Last Friday, digital home … Continue reading Tech layoffs tracker 2024: Job cuts at eBay, TikTok, and Wayfair this week
Tiny Tina’s Wonderlands developer faces layoffs in latest Embracer cuts Lost Boys Interactive is the latest studio to face cost-cutting measures. Sarah Fielding Mon, Jan 15, 2024, Gearbox / 2K We’re just a couple of weeks into 2024, but the layoffs that plagued the gaming industry last year are back. An undisclosed number … Continue reading Tiny Tina’s Wonderlands developer faces layoffs in latest Embracer cuts
Etsy cuts 11% of staff and stock price tumbles Deanna Ritchie / Last Updated: Dec 13, 2023 The height of the holiday season is upon us, and Etsy is cutting 11% of its staff, looking to restructure the business and cut costs. Josh Silverman, Etsy CEO, said, “We must streamline costs against a “very … Continue reading Etsy cuts 11% of staff and stock price tumbles
By Sarah Bregel December 01, 2023 November has come to a close, but unfortunately, the monthslong series of layoffs at notable companies does not appear to be ending. According to the tracking site, Layoffs.fyi: Job losses, mainly in media and tech, seem to be continuing through the end of 2023. At the time of … Continue reading Tech and media layoffs December update: Job cuts not slowing as 2023 draws to an end
By Michael Grothaus November 28, 2023 Update Tuesday, November 28: November has shaped up to be a particularly rough month for tech companies, as layoffs have continued through its final few days. On Monday, it was reported that TikTok parent company ByteDance will lay off hundreds of employees as it winds down its failed … Continue reading Tech and media layoffs November update: Job cuts keep coming at ByteDance, Vice, Amazon, Faire
Amazon cuts 180 jobs from its gaming division Its Crown Twitch channel is reportedly being shuttered as part of the cuts. Will Shanklin Mon, Nov 13, 2023 Eduardo Munoz / reuters Amazon has cut around 180 jobs from its gaming division. Sources from Reuters, Aftermath and Bloomberg reported on the cuts, which affected the entire … Continue reading Amazon cuts 180 jobs from its gaming division
With many organizations facing budget cuts, marketers are focusing on social media to connect with consumers. Unfortunately, they prefer email. Chris Wood on September 26, 2023 Two-thirds of marketers are facing reduced budgets in the second half of the year, according to new research from email management software company Exclaimer. Also, many marketers are out … Continue reading Two-thirds of marketers report mid-year budget cuts
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
