Layoffs

Google parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Sundar Pichai's hefty pay increase is under fire from the company's employees. What Happened: Memes about the salary hike are circulating on the company's internal discussion forums, which have attracted hundreds of likes, reported CNBC...

Tucker Carlson and Don Lemon, two formerly prominent news anchors from Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA) and CNN, respectively, have hired the same powerhouse lawyer, Bryan Freedman, to handle their exits from their respective networks. Both Carlson and Lemon were recently ousted from their...

Technology and social media giant Meta Platforms (NASDAQ: META) is set to report first-quarter financial results after market close Wednesday. Here are the key earnings expectations from analysts and what the big items are to watch. Analyst Estimates: For the first quarter, analysts are expecting...

Amazon.com, Inc. (NASDAQ: AMZN) started laying off staff in its cloud and PXT (People eXperience and Technology) divisions. What Happened: Amazon Web Services CEO Adam Selipsky and human resources head Beth Galetti sent memos about job cuts to employees on Wednesday,...

Don Lemon, a prominent figure at CNN for 17 years, has been unexpectedly fired from the network. What Happened: CNN CEO Chris Licht announced the departure in a statement on Monday, saying, “Don will forever be a part of the CNN family, and we thank him for his contributions over the past 17...

The Walt Disney Company (NYSE: DIS) is no stranger to layoffs, and the latest round of cuts is expected to impact each facet of the company. The entertainment conglomerate is expected to have cut about 4,000 jobs by the end of the week, with a third round of cuts expected before summer. The cuts...

Technology and social media company Meta Platforms (NASDAQ: META) has made headlines for layoff announcements and rumors over the last year. The company recently held a town hall to share updates and answer direct questions from employees. What Happened: During a town hall on Thursday, CEO Mark...

Jim Cramer sees more layoffs are on the horizon — and it could be bad news for anyone betting against Amazon.com Inc (NASDAQ: AMZN). What To Know: Meta Platforms Inc (NASDAQ: META) has deemed 2023 "the year of efficiency" and it's working out well for...

Chicago-based McDonald's Corp. (NYSE: MCD) has triggered a sweeping restructuring plan that affects hundreds of employees worldwide, with some facing layoffs and others seeing cuts to their compensation packages. The shake-up, which includes job cuts and changes across various departments and...

Apple Inc (NASDAQ: AAPL) is slashing some roles in its corporate retail teams, embarking on the first such layoffs since it began cost-cutting last year. What Happened: The affected positions are in the company’s development and preservation teams, reported Bloomberg, citing people familiar...

McDonald’s Corporation (NYSE: MCD) is closing its offices temporarily in the U.S. as the burger chain prepares for corporate layoffs. What Happened: The Golden Arches operator asked U.S. employees and some global staff to work from home between Monday and Wednesday in an email last week,...

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), which announced the elimination of 12,000 positions in late January and followed it up with another round of small-scale job cuts, has opted to resort to other ways of reining in costs. What Happened: Google's parent company outlined three ways...

British entrepreneur Richard Branson‘s Virgin Orbit Holdings Inc (NASDAQ:VORB) raised $10.9 million from Virgin Investments Limited via the issue of a senior secured convertible note to pay severance for laid-off employees. What Happened: Virgin Orbit raised $10.9 million from Branson's...

An analyst is downgrading shares of electric vehicle leader Tesla Inc (NASDAQ: TSLA), and the fallout from the collapse of several banks is one reason why. The Tesla Analyst: Wolfe Research analyst Rod Lache downgraded shares of Tesla from Outperform to Peer Perform and maintained a $185...

This year did not start off great for many tech workers. After tens of thousands of layoffs in 2022, tech companies continued to shed workers in round after round of layoffs. Technology companies from Microsoft Corp. to Meta Platforms Inc. announced thousands of layoffs at the beginning of the year...