Layoffs

News and Articles About Layoffs

Fab Was Once Valued at $1 Billion. Now, It May Sell for a Fraction of That.
Fab

Fab Was Once Valued at $1 Billion. Now, It May Sell for a Fraction of That.

Less than a year and a half ago, the ecommerce company raised $150 million at a $1 billion valuation. Today, the company is reportedly on the block for $15 million.
Laura Entis
Ecommerce Shop Fancy Just Laid Off a Third of Its Staff
Layoffs

Ecommerce Shop Fancy Just Laid Off a Third of Its Staff

The site, which was rumored to be in acquisition talks with eBay in September, is said to have scaled its team down to 10 or 15 from 45 a year ago.
Alyson Shontell
American 'Work Martyrs' Are Too Afraid to Take Time Off, Study Finds
Vacations

American 'Work Martyrs' Are Too Afraid to Take Time Off, Study Finds

Last year, Americans willfully neglected $52.4 billion worth of time-off benefits.
Geoff Weiss
How to Regroup When You've Lost Your Way
Survival Strategies

How to Regroup When You've Lost Your Way

Should your company falter, here's how you can get it back on track.
Kate Swoboda
Sears Said to Close Stores, Lay Off About 5,500 Employees
Layoffs

Sears Said to Close Stores, Lay Off About 5,500 Employees

The struggling retailer could close more than 100 stores before the end of the year, a news report says.
Angry Birds Maker Rovio to Cut Up to 130 Jobs
Layoffs

Angry Birds Maker Rovio to Cut Up to 130 Jobs

Company CEO: 'We have been building our team on assumptions of faster growth than have materialized.'
Zappos CEO Tony Hsieh's 'Great American Techtopia' Is in Trouble
Tony Hsieh

Zappos CEO Tony Hsieh's 'Great American Techtopia' Is in Trouble

Tony Hsieh, a cult-like figure and the CEO of Zappos, is reportedly stepping down as leader of his $350 million project to transform Downtown Las Vegas into a city built entirely for entrepreneurs.
Laura Entis
Cisco to Cut 6,000 Jobs in Restructuring Plan
Layoffs

Cisco to Cut 6,000 Jobs in Restructuring Plan

The network equipment maker delivered better-than-expected quarterly results, but announced it will cut about 8 percent of its workforce.
Karma Allen
Microsoft Reportedly Prepping Massive Round of Layoffs
Layoffs

Microsoft Reportedly Prepping Massive Round of Layoffs

The announcement, which could arrive as soon as this week, comes as the company seeks to integrate roughly 30,000 new employees on the heels of its Nokia acquisition.
Geoff Weiss
Fab's CEO Refutes 'Hateful Rumors' That His Company Is Shutting Down
Fab

Fab's CEO Refutes 'Hateful Rumors' That His Company Is Shutting Down

After a report surfaced that the struggling ecommerce site is starting to close down, CEO and co-founder Jason Goldberg took to Twitter to deny the claims.
Laura Entis
Hewlett-Packard CEO: Job Cuts Will Be 'Good for Our Customers'
Leadership

Hewlett-Packard CEO: Job Cuts Will Be 'Good for Our Customers'

Hewlett-Packard chief Meg Whitman defended the company's plans to cut up to 16,000 workers.
This Could Be Fab's Last Breath
Fab

This Could Be Fab's Last Breath

The troubled ecommerce site will fire about a third of its staff in its latest round of layoffs and its founder's blog has disappeared.
Laura Entis
Disney Interactive Lays Off 700 Employees
Layoffs

Disney Interactive Lays Off 700 Employees

Disney's struggling video game and digital media subsidiary slashed its workforce by 26 percent on Thursday.
Laura Entis
Sony Now Predicts a $1.1 Billion Loss, Shuts Down PC Business
Technology

Sony Now Predicts a $1.1 Billion Loss, Shuts Down PC Business

The struggling Japanese electronics maker is undergoing a costly restructuring.
Brian Patrick Eha