Layoffs

According to data from S&P Global Market Intelligence, Amazon.com Inc (NASDAQ: AMZN), Google-parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT), Meta Platforms (NASDAQ: META) and Apple Inc (NASDAQ: AAPL) hold the highest cash and short-...

In an internal all-hands meeting held on Wednesday, Audible, an Amazon.com Inc (NASDAQ:AMZN) unit, discussed potential future layoffs and the increasing competition from Spotify. This meeting reportedly comes two weeks after Audible reduced its workforce by 5%. What Happened: Audible CEO Bob...

The Los Angeles Times is set to lay off 94 journalists who are part of the newspaper’s union, a move that adds to the recent wave of job cuts across the media industry. What Happened: The Los Angeles Times is planning to lay off a significant number of its unionized journalists, according to...

Amidst a series of layoffs, Alphabet Inc.'s Google (NASDAQ: GOOGL) employees are openly expressing their dissatisfaction with the company's leadership. The recent layoffs, which impacted several hundred individuals from Google's ad sales team and about a thousand from its Pixel, Fitbit...

A week after eliminating the role of technical program manager (TPM) at Instagram, impacting nearly 60 employees, Meta Platforms Inc. (NASDAQ:META) is now reportedly looking to expand it to other organizations. What Happened: Mark Zuckerberg-led Meta is said to be considering either axing the TPM...

Citigroup (NYSE:C) is continuing its leadership overhaul amidst a comprehensive reorganization, according to sources close to the situation. The bank’s CEO, Jane Fraser, recently held a conference call with managing directors to discuss the ongoing changes. What Happened: The bank has been...

Automaker Stellantis NV (NYSE:STLA) on Monday announced its plan to temporarily lay off around 2,250 employees at its Mirafiori facility in Turin, Italy, and terminate hundreds in the U.S. What Happened: The layoffs in Italy— a result of weak demand — are set to begin on Feb. 12 and continue till...

In a recent public webcast, Jeffrey Gundlach, CEO of DoubleLine Capital and billionaire investor, expressed concerns about a potential recession and a downturn in the S&P 500. What Happened: Gundlach held a bearish stance on the market, indicating the S&P 500 is a less-than-ideal investment...

In a significant move, Apple Inc. (NASDAQ:AAPL) has decided to reportedly disband a 121-member team in San Diego, California, that is dedicated to artificial intelligence (AI) operations. What Happened: The company has given the employees the option to either relocate to Austin, Texas, or face...

In a startling revelation, the International Monetary Fund (IMF) has predicted that artificial intelligence (AI) will have a significant influence on nearly 40% of jobs worldwide, with advanced economies expected to bear the brunt of this impact. What Happened: A recent Bloomberg report ...

Cloudflare Inc. (NYSE:NET) CEO Matthew Prince has admitted that a viral video of an employee being fired is "painful for me to watch," but maintained that the decision to fire the said employee was not the mistake in this case. What Happened: Responding to a post by Bloom Institute's co-founder...

In a major layoff round, Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has reportedly let go of over 1,000 staff members, marking the largest layoff since January 2023. The layoffs have expanded to non-hardware teams like Assistant as well as core engineering departments, among others....

In response to an overstaffing situation, Walt Disney Co’s (NYSE:DIS) Pixar Animation Studios is reportedly planning to reduce its workforce. What Happened: A source familiar with the matter informed Reuters that Pixar, having wrapped up the production of certain projects, has more staff than...

The technology titan, Alphabet Inc.’s Google (NASDAQ:GOOGL) (NASDAQ:GOOG), is making headlines with its decision to lay off hundreds of employees from its hardware and digital assistant teams. This move is part of a broad cost-cutting initiative within the company. What Happened:...

BlackRock Inc (NYSE: BLK), the world's largest money management firm, is set to reduce its global workforce by approximately 3 percent. This decision translates to around 600 employees facing layoffs. The move is part of the company's ongoing adjustments as it navigates through a phase of...