Business News
This Company Has Never Laid Off Employees. Now It’s on Track to Reach $800 Million in Revenue.
The San Leandro, California-based company has been around for 101 years.
By Sherin Shibu
Layoffs
Business News
Forget Learning to Code. Meta Just Launched a $115 Million Program to Train Electricians and Plumbers.
The company is starting a “workforce academy” to train workers to build the infrastructure of its data centers.
Business News
US Tech Layoffs Hit a Two-Year High in May. But There’s a Catch: ‘The Labor Market Is Being Reshaped’
AI is the leading reason for job cuts, with 38,242 positions eliminated in May. But the full picture is more complicated than it looks.
Business News
CEOs Are Blaming AI for Layoffs. Nvidia’s Jensen Huang Says That’s a ‘Lazy’ Excuse.
Huang said that leaders should be more cautious when talking about AI.
By Sherin Shibu
Marketing
The First Thing Businesses Cut in a Downturn Is Exactly What Grew Ours to $120 Million
In 2008, I made a decision that crippled my revenue until 2010. In 2020, a similar situation arose, but this time, I tried another tactic — and the results led to us nearly doubling revenue in 5 years.
By Joy Gendusa
Business News
Tech Sector Layoffs Are Rampant — But These Senior-Level Jobs Are Still Safe From AI
Despite recent downsizing, tech companies are still hiring—they're just looking for a very different kind of engineer.
Business News
Kevin Hart’s $650 Million Media Empire Is Shrinking — Here’s What Went Wrong
Executive turnover and a reliance on Hart's presence turned the comedian's media company into a cautionary tale for entrepreneurs.
Business News
Disney Is Planning to Lay Off 1,000 Employees Under Its New CEO. Who’s On the Chopping Block?
The entertainment giant will cut positions primarily in its newly consolidated marketing department as CEO Josh D'Amaro begins restructuring.
Business News
Dell Shrunk Its Workforce By 10% for the Third Year in a Row — Without Layoffs
Dell now has 36,000 fewer employees than it did in February 2023, a nearly 30% reduction over three years.
By Sherin Shibu
Business News
Meta Is Reportedly Planning Mass Layoffs That Could Affect 20% of the Company — With 16,000 Jobs At Risk
The move comes as Meta tries to offset expensive AI bets and prime itself for more workplace efficiency brought on by the technology.
By Sherin Shibu
Business News
Jack Dorsey Laid Off 4,000 People, Blaming ‘AI Innovation.’ Critics Blame ‘AI-Washing.’
The Block co-founder cut nearly half the company's staff, claiming AI made them redundant, but analysts say poor management was the real reason.
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.
Business News
While Many Companies Fire Workers Over AI, Walmart Is Doing the Opposite—Training 1.6 Million Employees to Use It
Walmart's chief people officer called it "unfortunate" when companies use AI to replace workers instead of training them for what's ahead.
Business News
CEOs of Major Companies Are Being Replaced at a Record Pace — Here’s the Reason Why
One CEO in nine was replaced last year, while CFO turnover hit a seven-year high.
Business News
January Layoffs Hit Their Highest Level in 17 Years
U.S. employers announced 108,435 layoffs in January — the most to start a year since the 2009 financial crisis.
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