Intel plans significant cost cuts , including a “meaningful number” of layoffs, its CFO said as the chip maker detailed its financial results and forecast revenue that was much lower than Wall Street ...
Tag: layoffs
Are Layoffs A Bad Sign For Investors?
| Getty Images Key Takeaways Earlier this month, Microsoft announced that it will lay off a substantial number of employees. Around 1,000 employees will be impacted, according to the announcement. Mic...
Adidas Implements Hiring Freeze, But No Layoffs, Amid Split With Kanye
Illustration by Forbes; Photos by Jeremy Moeller/Getty Images; Jonathan Knowles/Getty Images Adidas has initiated a hiring freeze but suggested it does not plan to conduct layoffs after it cut ties ...
Economists Warn U.S. Already In Recession Or Could Be Soon—The Latest In A Series Of Dismal Forecasts
Topline The United States is already in a recession or could tip into one soon, economists surveyed by the National Association for Business Economics (NABE) warned on Monday, the latest in a series o...
Vacation Rental Company Vacasa Slashes 280 Employees—Here Are The Biggest U.S. Layoffs This Year
Vacation rental management company Vacasa cut 280 employees, Skift reported Friday, the latest major layoff this year as employers fear rising inflation could slide the economy could into recession. O...
Microsoft earnings on deck amid layoffs, recession fears: What to expect
Microsoft, which is laying off nearly 1,000 workers across multiple divisions, reports its fiscal first-quarter results after market close on Oct. 25. With fears of a recession looming, Axios and Busi...
Elon Musk plans deep layoffs of 75% at Twitter: report
Tesla Inc. TSLA, -6.65% Chief Executive Elon Musk plans deep cuts at Twitter Inc. TWTR, +1.18% should he end up with the embattled company, according to a report in The Washington Post on Thursday. Th...
Intel reportedly to start ‘targeted’ layoffs in November
Intel Corp. is planning on announcing “targeted” layoffs in November, according to a report late Thursday, citing an internal video shared with employees. After the close of markets Thursday, The Oreg...
Fintech layoffs mount as October marks 6 months of crypto downturn
After the Terra-Luna collapse sent crypto prices tumbling in May, many firms trimmed substantial parts of their workforce to stabilize their businesses. In June, for example, Coinbase laid off aroun...
Gopuff Slashes 10% Of Its Workforce, Microsoft Reportedly Cuts Nearly 1,000 Employees—Here Are The Biggest U.S. Layoffs This Year
Delivery startup Gopuff started cutting 10% of its workforce on Wednesday while tech giant Microsoft reportedly laid off roughly 1,000 employees across multiple divisions, sources told Axios, as emplo...
Microsoft Layoffs: What That Could Indicate for the Stock
By BRUCE KAMICH Oct 18, 2022 | 01:45 PM EDT Stocks quotes in this article: MSFT In past market cycles the announcement of layoffs by a public company has at times marked a price low for the company...
Microsoft Reportedly Cuts Nearly 1,000 Employees—Here Are The Biggest U.S. Layoffs This Year
Tech giant Microsoft reportedly cut roughly 1,000 employees across multiple divisions, sources told Axios—the company’s third round of cuts this year as employers fear the economy could slide into rec...
HelloFresh Reportedly Cuts 600 Employees—Here Are The Biggest U.S. Layoffs This Year
Home meal kit provider HelloFresh will lay off more than 600 employees, several outlets reported, citing California state records, making it the latest company to reassess its headcount as employers f...
China Evergrande’s Debt-Crisis Fallout: Losses, Layoffs and More Defaults
Listen to article (2 minutes) When China Evergrande Group began struggling under a mountain of debt last year, it quietly set off a chain reaction across the country. Chinese authorities prevented a ...
Beyond Meat Cuts 200 Employees—Here Are The Biggest U.S. Layoffs This Year
Plant-based meat producer Beyond Meat plans to lay off roughly 200 employees, the company announced Friday, making it the latest company to reassess its headcount as employers fear the economy could s...
STEPN denies claims of layoffs
Move-to-earn gaming company STEPN (GMT) on Oct. 13 denied claims of laying off staff. A spokesperson from STEPN reached out to CryptoSlate to clarify the rumors of layoffs. The spokesperson stated: “W...
This Firm Going to Hire More Developers Despite Massive 2022 Layoffs
Wahid Pessarlay VeChain is looking for over 100 developers while eying an HQ in Europe This year’s bear market was not kind to most of the crypto firms — making them release thousands of their workers...
Moody’s Mark Zandi sees relief within 6 months
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...
Layoffs at Intel Could Spell a Bitter Winter for Tech. It’s Not All Bad News.
Intel looks set to be the latest tech company to announce job cuts in the face of a gloomy macro outlook—a sign that a bitter winter is coming for the sector. From a more macro perspective, there are ...
Finance Company Brex Cuts 136 Staff—Here Are The Major U.S. Layoffs This Year
San Francisco-based financial management company Brex laid off 11% of its staff, the company’s CEO announced Tuesday, making it the latest company to reassess its headcount as employers fear the econo...
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, according to a repor...
Crypto executive exits continue as firms trudge through bear market
A string of notable crypto executive shakeups continued through September into October as companies continued to grapple with the bear market. Two of the most high-profile departures involved execut...
Furnished Apartment-Rental Firm Landing Restructures, Lays Off 110 Employees
Landing founder Bill Smith in one of the company’s furnished apartments in Birmingham, Alabama. Jamel Toppin for Forbes Furnished apartment-rental startup Landing told employees today that it is restr...
Peloton Scales Down, Again—Here Are The Major U.S. Layoffs This Year
Peloton, the at-home exercise company that took off during the pandemic, is cutting roughly 500 employees in its fourth round of layoffs this year, CEO Barry McCarth said Thursday, making it the lates...
Coinbase, BlockFi See Largest Layoffs In Crypto, Study Shows
Coinbase, BlockFi, and other major companies in the crypto sector have been negatively impacted by the persistent downtrend across the digital and legacy financial markets. The companies have been for...
DocuSign Plans Staff Reductions—Here Are The Major U.S. Layoffs This Year
DocuSign announced plans to cut roughly 9% of its workforce as part of a major restructuring plan, making it the latest U.S. company to reassess its headcount as employers fear the economy could slide...
Wells Fargo Reportedly Plans Staff Reductions—Here Are The Major U.S. Layoffs This Year
Wells Fargo reportedly announced plans for its 10th round of layoffs since April, making it the latest U.S. company to reassess its headcount as employers fear the economy could slide into recession. ...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Calif. Pharmaceutical Companies AbbVie And Bristol Myers Lay Off 360—Here Are The Major U.S. Layoffs This Summer
California pharmaceutical companies AbbVie and Bristol Myers Squibb reportedly plan to cut 360 employees—becoming the latest U.S. companies to reassess their headcounts as employers fear the economy c...
Intel earnings: Layoffs and margin pressure could overshadow Mobileye IPO
Intel Corp. must contend this week with an earnings report that notably lacked a formal pre-announcement, a bleaker-than-expected PC market and rumored layoffs, which will likely overshadow the initia...