Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Tag: layoffs
Goldman Sachs Reportedly Planning Round Of Cuts Amid Growing Recession Fears—Here Are The Major U.S. Layoffs This Summer
Goldman Sachs is planning a round of layoffs across the company that could take place as soon as next week, the New York Times reported Monday, the latest U.S. company to reassess its headcount this s...
More Layoffs On The Horizon? Does This Push Us Into A Recession?
| Getty Images Key Takeaways The unemployment rate rose in August from 3.5% to 3.7%, but employers still added 315,000 jobs. Strong labor reports have prevented the NREB from announcing an official re...
Michigan Health Care Giant Beaumont-Spectrum Lays Off 400 Amid Growing Recession Fears—Here Are The Major U.S. Layoffs This Summer
Beaumont-Spectrum, the largest health care provider in Michigan, announced Friday it is laying off 400 employees, the latest U.S. companies to reassess their headcount this summer as employers fear th...
Snap Inc announces layoffs as it shuts down Web3 division
Join Our Telegram channel to stay up to date on breaking news coverage The CEO of Snap Inc, Evan Spiegel, has announced that the company is reducing its workforce by around 20%. Additionally, the comp...
Snapchat’s parent company shutters Web3 division amid layoffs
Snap Inc’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. The note said that this roun...
What Snapchat’s Layoffs Mean For Investors
Getty Images Key takeaways Snap plans to lay off around 20% of its global workforce, or nearly 1,300 out of 6,400 employees Snap will also cancel some in-house projects to limit liabilities and stream...
Credit Suisse, SoftBank Reportedly Planning Layoffs. Here Are The Major Job Cuts Amid Growing Recession Fears
Credit Suisse and SoftBank are reportedly cutting back on staff, the companies announced on Friday—becoming the latest multinational firms to announce layoffs this summer as employers fear an unstable...
Brazilian Crypto Firm 2TM Announces Second Round of 15% Layoffs
2TM – the Brazilian startup that owns the Mercado Bitcoin cryptocurrency exchange – announced Thursday that it will lay off 15% of its workforce, or about 100 employees. This is the second...
Unemployment Rate Unexpectedly Rose To 3.7% In August As Layoffs Continue To Spike
Topline The unemployment rate unexpectedly rose last month as the economy added another 315,000 jobs—signaling the labor market, which has remained one of the economy’s strongest pillars during the pa...
Second Round of Layoffs at Brazilian Crypto Unicorn 2TM
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Small businesses desperate for workers even as companies slow hiring
While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty...
Bed Bath & Beyond announces store closures, layoffs and new financing to fix struggling business
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond on Wednesday announced swift and significant steps it is t...
Bed Bath & Beyond Tanks Nearly 30% As It Announces Layoffs And Store Closures
Topline Bed Bath & Beyond’s stock fell 28.7% to $8.64 in premarket trading Wednesday after the struggling home retailer unveiled several initiatives to turn around the business, as the rollercoast...
Klarna losses triple after aggressive U.S. expansion and mass layoffs
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news f...
Snap layoffs derail investor confidence, again — but this top analyst remains bullish
The train wreck that is Snap’s 2022 continues to roll on. The social media outfit and part-time camera company is reporting planning to layoff 20% of its more than 6,400 employees, The Verge fir...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
DataRobot, U.S. Express Announce Layoffs. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears.
AI startup DataRobot and trucking company U.S. Xpress are the latest companies to announce layoffs Thursday, totaling hundreds of workers, as U.S. companies fear a possible recession. Aug. 25, 2022Art...
5 Ways To Manage Your Career Ahead Of A Recession
A recession can create ups and downs in your career. getty If you’re an employee, chances are you’re feeling some concern about the economy and the job market. And your concerns are reasonable, given ...
Tech Layoffs Hit California Revenue With 12% July Shortfall
(Bloomberg) — California collected 12% less in revenue than it expected in July, indicating that state coffers are taking a hit from a slowing economy and a cooldown in the once-booming technolo...
Questioning The Wisdom Of Best Buy’s Latest Round Of Lay-Offs
Best BuyBBY is laying off an unspecified number of associates in stores across the country in what is widely seen as a cost-cutting move after the chain last month lowered its annual sales and profit ...
Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs
Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...
Hodlnaut facing police proceedings, cuts 80% of staff
Holdnaut, the embattled crypto lender, faces police proceedings and revealed that it laid off most of its staff. The Singapore-based crypto firm said there are “pending proceedings” between itself an...
Power Is Shifting Away From Employees: Can Remote Work Survive?
What will a shift in power mean to the future of work? getty In the last couple years, employees have made some great strides in terms of flexibility, pay and quality of life—but that may be ending. H...
Robinhood Q2 revenues tick up slightly as company starts fresh round of layoffs
The bad news from Robinhood kept coming today. First, the New York Department of Financial Services hit the company with a $30 million fine, followed by the company’s CEO announcing layoffs for ...
Robinhood April Cuts ‘Did Not Go Far Enough’ Says CEO Amid New Layoffs
Robinhood, the beleaguered stock-trading app whose gamified user interface brought crypto and “meme-stock” trading into the mainstream last year, is laying off 23 percent of its staff, the company ann...
Job cuts, smaller bonuses loom for Wall Street bankers
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this ye...
Robinhood to lay off ‘approximately 23%’ of employees
Stock trading app Robinhood announced a fresh round of layoffs Tuesday. “As part of a broader company reorganization into a General Manager (GM) structure, I just announced that we are reducing ...
Walmart Stock Falls After Report of Hundreds of Layoffs
Text size Shares of Walmart are down about 10% this year. Photo by Michael Ciaglo/Getty Images Walmart is eliminating about 200 jobs in a bid to restructure the company, according to a report from The...
4.2 million people quit in June despite recession worries
A cooldown in the job market is underway: The number of job openings dropped in June while near-record numbers of people continued to quit and get hired into new roles, according to the Labor Departme...