Business News
EBay Just Laid Off 800 Employees. Here’s the Real Reason Why.
The company fired 6% of its staff just days after spending $1.2 billion to acquire Depop from Etsy.
Layoffs
Business News
Pinterest Employees Built a Tool to Track Layoffs. The CEO Fired Them.
Bill Ready called the engineers' behavior "obstructionist" after they created software to identify which employees were laid off during the company's restructuring.
Business News
The Washington Post Just Laid Off One-Third of Its Staff In a ‘Broad Strategic Reset’
The Jeff Bezos-owned newspaper lost $100 million in 2024.
Business News
50,000 Workers Were Told AI Took Their Jobs. Was It Really ‘AI-Washing’?
Industry experts say companies are using AI as an excuse for layoffs when the real reasons may be more complex.
Business News
Amazon Is Cutting 30,000 Corporate Jobs — And a Big Wave Starts Next Week
CEO Andy Jassy says the company has "too much bureaucracy."
Business News
Meta Starts Cutting Jobs, Signaling a Broader Shift in Strategy
Layoff notifications began on Tuesday morning, according to internal communications.
By Sherin Shibu
Business News
McKinsey Plans to Cut 10% of Its Workforce
The consulting firm that built a business telling companies how to cut costs is now turning that advice inward.
Business News
HP Says It’s Cutting Thousands of Jobs Due to AI — and Will Save $1 Billion
The computer and printer maker expects to implement the cuts by 2028.
By Sherin Shibu
Business News
Apple Conducted Rare Layoffs Focused on One Specific Team
Apple has cut dozens of roles over the past few weeks, including some employees who have been with the company for decades.
By Sherin Shibu
Business News
AI and Cost-Cutting Lead to the Worst October Layoffs in 22 Years
In October, U.S. companies announced the highest number of layoffs for the month since October 2003.
By Sherin Shibu
Business News
IBM Is Laying Off Thousands of Employees as Its AI Business Surges
IBM reportedly notified several thousand employees that they were being laid off this week.
By Sherin Shibu
Business News
Amazon CEO Reveals the Real Reason Behind the Company’s 14,000 Job Cuts — And It’s Not Because of AI or Cost Cutting
Amazon slashed 4% of its 350,000-person global corporate workforce, marking one of the largest job cuts in the company's history.
By Sherin Shibu
Business News
Amazon Lays Off 14,000 Corporate Staff, One of the Largest Job Cuts in Its History
The move arrives as Amazon makes significant investments in AI infrastructure, with capital expenditures expected to exceed $120 billion for the year.
By Sherin Shibu
Business News
‘Total Panic’: Target Is Planning to Cut 8% of Its Global Corporate Workforce — Its First Major Layoffs in a Decade
Target told corporate workers that it would be eliminating 1,800 roles next week.
By Sherin Shibu
Business News
Meta Lays Off Risk Employees As Technology Takes Over Jobs
The tech giant also cut 600 roles from the Superintelligence Labs division, its AI arm.
By Sherin Shibu
Business News
The Biggest Consumer Goods Giant in the World Is Laying Off Thousands of Workers: ‘The World Is Changing’
Nestlé owns more than 2,000 brands, including Nespresso and KitKat.
By Sherin Shibu
Building a Business
Being Laid Off Isn’t the End — Here’s Why It Might Be Time to Try Freelancing
With clear positioning, smart client strategies and the ability to monetize existing skills quickly, a career disruption can become the start of a more sustainable business.
By Laura Briggs
Business News
Paramount Is Cutting Thousands of Jobs This Fall Following Skydance Merger
Paramount's new leaders said they hoped to realize more than $2 billion in cost savings following the merger with Skydance.
By Sherin Shibu
Business News
Microsoft’s CEO Says the Company’s Mass Layoffs, Despite Financial Success, Are ‘Weighing Heavily on Me’ in an Internal Memo
Microsoft has laid off over 15,000 employees this year, but CEO Satya Nadella says headcount "is relatively unchanged" as the company continues to hire new workers.
By Sherin Shibu
Business News
Xbox Producer Tells Laid-Off Workers to Turn to AI For Advice If They’re Feeling ‘Overwhelmed’
Microsoft announced mass layoffs last week, affecting around 9,000 employees.
By Sherin Shibu
Business News
Bumble Is Laying Off 30% of Its Staff: ‘Our Path Forward Is Clear’
Bumble's most recent quarterly earnings report showed that revenue declined 7.7% year-over-year.
By Sherin Shibu
Business News
Is AI the Reason for Your Layoff? New York Becomes the First State to Require Companies to Disclose If So.
It's the first official statewide move towards understanding AI's effect on the labor market.
By Sherin Shibu
Business News
Amazon Lays Off Workers in Its Book Division, According to Leaked Email
The move impacted Amazon's Goodreads site and Kindle division.
By Sherin Shibu
Business News
Procter & Gamble Is Laying Off 7,000 Jobs. Here’s What We Know.
The layoffs affect non-manufacturing jobs and will take place over the next two years.
By Erin Davis
Business News
Disney Is Laying Off Hundreds of Workers. Here’s What We Know.
The layoffs span multiple divisions and will affect staff globally.
By Erin Davis
Business News
Walmart Is Laying Off 1,500 Corporate Employees: ‘Reshaping Our Structure’
The layoffs affect Walmart's global technology, advertising, and e-commerce teams.
By Sherin Shibu
Business News
TikTok Is Laying Off Some U.S.-Based Employees This Week. Here’s What We Know.
TikTok did not disclose the number of employees affected by the layoffs.
By Sherin Shibu