Layoffs

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.

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.

Business News

Microsoft's Mass Layoffs Affected at Least 800 in Software Engineering, According to New Documents

About one-third of the total roles cut were reportedly at Microsoft HQ in Redmond, Washington.

Leadership

Everyone's Preaching 'Workforce Efficiency' — Translation: More Layoffs. Here's a Better Solution

Across-the-board job cuts make a business less efficient. To make smarter workforce decisions, companies should connect the dots between people and business results.

Business News

UPS Is Laying Off 20,000 Employees and Closing Over 70 Locations: 'Reduce Cost'

UPS announced the move as part of its first-quarter earnings report on Tuesday.

Business News

Intel Is Reportedly Cutting 20% of Its Workforce Under a New CEO

Over 21,000 roles could be affected, marking Intel's biggest layoff round yet.

Business News

Google Layoffs Affect Hundreds in Division Working on Chrome Browser, Pixel Phones

A Google spokesperson said the move would help Google run more efficiently.

Business News

Morgan Stanley Plans to Lay Off 2,000 Workers, Replacing Some with AI

Morgan Stanley's planned job cuts are both performance and AI-based.

Business News

Goldman Sachs Asks Some Managers to Move From Major Hubs Like New York City to Emerging Regions Like Dallas — Or Quit

Goldman Sachs is also expected to cut around 3% to 5% of its 46,500-person workforce in the coming months.

Business News

The IRS Is Reportedly Planning to Cut Up to 45,000 Workers — Half of Its Workforce

The cuts include reductions from layoffs, buyouts, and attrition.

Business News

HP Is Laying Off Up to 2,000 Employees 'All Over the Company'

HP is aiming to save $300 million through job cuts by October.

Business News

'Necessary Change': Starbucks Is Laying Off 1,100 Corporate Workers and Eliminating Open Roles — Read the Memo

The workers who are being laid off will be told by midday on Tuesday, Feb. 25.

Business News

Meta Confirms It Is Doubling Executives Bonuses to 'Motivate' and 'Reward Them' a Week After Layoffs

Meta executives can now make bonuses valued at up to 200% of their base salaries.

Business News

UnitedHealthcare Offers Employees Voluntary Buyouts to Meet 'Evolving Needs'

The health insurance giant could resort to layoffs if it doesn't meet resignation quotas with buyouts.