By Michael Grothaus April 20, 2023 It’s not just tech companies that are facing mass layoffs. Earlier this year, entertainment giant the Walt Disney Company announced it would cut 7,000 jobs in a phased layoff comprising three rounds. As CNBC reports, next week will see the second phase of those layoffs begin and it … Continue reading ESPN layoffs: Disney’s second round of job cuts will include some on-air talent
Meta is laying off more than 11,000 employees Karissa Bell @karissabe Meta is reducing the size of its workforce by about 13 percent and letting more than 11,000 of its employees go in the first mass layoffs in the company’s history. Mark Zuckerberg has announced the move in a message to employees, which Meta … Continue reading Meta reportedly plans more job cuts
Twitter warns employees that layoffs are happening Friday The cuts come only a week after Elon Musk took over the company. K. Holt @krisholt Carlos Barria / reuters Twitter will reportedly begin laying off workers on Friday, only a week after Elon Musk officially took control of the website. Around half of the company’s … Continue reading Twitter reportedly cuts 4,400 contract workers following mass layoffs
direct-to-consumer brands Blue Apron Cuts Marketing Spend As Customers, Orders Decline by Steve Ellwanger , November 8, 2022 D2C meal-kit delivery provider Blue Apron Holdings’ bid for growth and profitability is facing stiff headwinds in the form of a declining customer count and uncertain financial liquidity. Although price increases helped the company raise its average … Continue reading Blue Apron Cuts Marketing Spend As Customers, Orders Decline
Teenage Engineering’s ‘Field’ products are testing customer loyaltyThe design-forward music company risks pricing out its most avid fans. J. Trew @itstrew Ten years ago, Teenage Engineering made a splash with the quirky, “boutique” OP-1 synthesizer. The b-word gets quotes because the OP-1 would go on to be a huge hit, enjoying a 10 year … Continue reading Teenage Engineering’s PO-80 Record Factory both cuts and plays vinyl
Meta will limit hiring this year due to slowing revenue growth It will reportedly slow or pause the intake of mid-to-senior level employees. M. Moon @mariella_moon Dado Ruvic / reuters Meta is limiting its intake of new employees as part of its efforts to cut costs due to weak revenue forecasts, according to CNBC … Continue reading Meta cuts hiring plans as it prepares for ‘serious times’
Coinbase is retracting job offers amid hiring freeze The crypto company is also extending the pause on new jobs. J. Fingas @jonfingas June 3, 2022 Sheldon Cooper/SOPA Images/LightRocket via Getty Images Coinbase isn’t just freezing new hires as it grapples with a rough cryptocurrency market. Protocol says Coinbase is now rescinding some of its … Continue reading Coinbase cuts roughly 1,100 jobs amid fears of a ‘crypto winter’
Even as marketing spend continues to fall through 2021 due to COVID-19, Forrester expects marketing automation investments will see a slight lift. Amy Gesenhues on June 10, 2020 COVID-19’s impact on the U.S. economy has been staggering. The country has suffered record unemployment rates as companies continue to shutter across industries. And while communities and … Continue reading Despite budget cuts, CMOs still bullish on marketing automation investments
Many platforms are already making concessions to help marketers by reducing costs and, in some cases, even suspending billing. Amy Gesenhues on March 31, 2020 Just this week, Gartner reported 65% of 176 marketing leaders said they are bracing for moderate to significant budget cuts as a result of coronavirus-related disruptions. Fortunately for our marketing … Continue reading Martech platforms reduce costs as CMOs face budget cuts
Angela Hausman, PhDSeptember 29, 2015 Are you still tied to a cord? More and more folks are cutting the cord — the one connecting them to a cable or satellite box and serving up hundreds of channels they never watch. Smart media companies, like CBS and HBOGo, are poised to capitalize on Internet media with … Continue reading How Long Before Your Market Cuts The Cord?
