Andreypopov | Istock | Getty Images Layoffs this year have been mostly limited to the hardest-hit sectors of the economy, especially tech. But depending on your industry, you might find yourself face-...
Tag: layoffs
Amid Industry Layoffs And Cash Crunches, Top Cannabis Pros Consider What Lies Ahead In 2023
Image of glowing crystal ball getty 2022 was a mixed bag for the legal cannabis industry. Numerous companies were hit with layoffs, cash crunches and mounting debt. Conversely, there were high points,...
Tesla Reportedly Plans Layoffs And Hiring Freeze Amid Stock Turmoil And Musk’s Twitter Meltdown
Topline Elon Musk’s electric automaker Tesla is reportedly planning to implement a hiring freeze and conduct a round of layoffs in the next fiscal quarter, sources told Electrek Wednesday morning, as ...
Layoffs are coming for self-driving truck company TuSimple
Autonomous trucking technology company TuSimple plans to cut a chunk of its workforce, potentially as early as this week, according to The Wall Street Journal, which cited “people familiar with ...
TuSimple Holdings stock on a downward spiral on looming layoffs
After losing nearly 96% year-to-date, TuSimple Holdings Inc. (NASDAQ:TSP) stock decline could be far from over. Stock market reports over the weekend indicated that the company was looking at cutting ...
Amazon Stock Price (NASDAQ: AMZN): After Effects of Amazon Layoffs, Jeff Bezos Mentioned!
Amazon Stock price has been falling from the last four consecutive trading sessions after laying off 10,000 workers from its Alexa division. AMZN stock price has slipped below 20, 50, 100 and 20...
Tech Layoffs: Cisco Announces Mass Layoffs
| Getty Images Key Takeaways This week, Cisco started implementing layoffs totaling 5% of its workforce. At the same time, Cisco is actively hiring for new roles. The company says this is part of a re...
Indians are taking over corporate America–and tech layoffs won’t stop them. Here’s why you should believe the hype
Another month, another announcement of an Indian taking over a large corporation or university. Next year, Laxman Narasimhan will take over from Howard Schultz as the CEO of Starbucks. In November, Su...
A Week After Morgan Stanley Layoffs, Goldman Sachs Axes 4,000 Jobs
Goldman Sachs Group Inc (NYSE: GS) plans to lay off around 4,000 employees as it struggles to navigate a difficult economic environment, though no final list has been drawn up. As per Semafor, manager...
Latest in Crypto Hiring: Financial Services Firm Cuts Employee Salaries in Lieu of Layoffs
As layoffs in the crypto space have persisted in recent weeks, one company in the segment has taken a different approach. Crypto exchanges Bybit and Swyftx are among the crypto firms that have reveale...
PepsiCo Plans For Layoffs – Hundreds More Corporate Jobs To Go
| Getty Images Key Takeaways Despite generating $79 billion in net revenue in 2021, PepsiCo is the latest company to lay off staff. According to an internal memo, hundreds of corporate roles are set t...
Crypto Derivatives Platform Paradigm Reduces Pay Avoiding Layoffs
15 seconds ago | 2 mins read Defi News Entire derivatives platforms felt the effects, with the major firms laying off employees. Recent times have witnessed a rise in the number of layoffs throughout ...
FTX collapse triggers regulations and more lay-offs
After the popular cryptocurrency exchange FTX collapsed and initiated the fear of another bear market, the Group of 20 (G20) countries — including 19 countries and the European Union (EU) — have been ...
Which Comes First, The Recession Or The Layoffs? How Investors Look At Tech Layoffs Right Now
Large scissors cutting employees in half. Getty Images Key Takeaways A recession is a slowdown in the economy and includes higher unemployment rates. Companies lay off workers to survive an economic d...
Latest In Tech Layoffs: DoorDash Lays Off 1,250
| Getty Images Key Takeaways DoorDash CEO Tony Xu announced that the company would be reducing expenses by letting go 1,250 corporate employees. The company is trying to cut expenses since operating e...
GameStop shares jump 7% despite fresh layoffs
GameStop Corp shares are up 7% despite the meme stock quarterly financial reports showcasing a worsened position from the last stock earnings. GameStop shares’ unprecedented move GameStop shares signi...
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
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Many Koinly staff point to poor communication, CEO in global layoffs
Crypto tax firm Koinly announced cuts of up to 14% of its global team in response to the “intensifying bear market” — but many employees have pushed back against this narrative. In a Dec. 6 announceme...
New Lawsuit Claims Elon Musk’s Twitter Layoffs Targeted Women
Topline The latest lawsuit filed by former Twitter employees alleges that Elon Musk’s company disproportionately targeted women in its recent layoffs that affected roughly half of the platform’s workf...
Unemployment Claims Highest Since February As Reports Of Major Layoffs Grow
Topline The number of Americans receiving unemployment payments rose to the highest level in ten months last week, signaling that the growing reports of widespread layoffs hitting a rash of technology...
Jim Cramer Is Sure That There Will Be Many Layoffs After Christmas
CNBC’s Mad Money host Jim Cramer predicted that many companies would reduce their existing workforce after the Christmas holidays to maintain economic stability. The leading big tech companies like Tw...
Fintech firm Plaid lays off 260 employees
Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. “The simple reality is that due to these macroeconomic changes, ...
Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
CNBC’s Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. “I’m sure there’ll be many layoffs after Christmas. I don’...
GameStop layoffs more employees, including crypto wallet engineers
GameStop cuts out one more round of employees on December 5. In a investigating comment, Williams revealed that a firm publicization is due later today. GameStop, an American video game retailer cut ...
Crypto tax startup Koinly cuts 14% of staff
Crypto tax startup Koinly has cut 14% of its staff, a reduction in headcount CEO Robin Singh attributed to a bear market made worse by the collapse of crypto exchange FTX. “We are taking measure...
GameStop starts a new round of layoffs
GameStop, the gaming company behind the 2021 meme stock frenzy, is undergoing another round of staff layoffs, with LinkedIn posts from insiders revealing the scale of job losses. According to a report...