Friday, October 18

Tag: lay-offs

The Companies Conducting Layoffs in 2023: Here’s the List
14Dec By adminNo Comments
World

The Companies Conducting Layoffs in 2023: Here’s the List

Updated Dec. 14, 2023 12:04 pm ETAfter a rash of layoff announcements at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling. Tech-industry layoffs, which dominated at the start of 2023, included Facebook parent Meta Platforms, Google parent Alphabet and Microsoft. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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EY Is Laying Off U.S. Partners Amid Tough Economic Conditions
12Dec By adminNo Comments
World

EY Is Laying Off U.S. Partners Amid Tough Economic Conditions

Updated Dec. 12, 2023 2:30 pm ETErnst & Young is laying off dozens of partners across all U.S. businesses, a deeper round of partner cuts than usual as the Big Four accounting firm faces slowing demand for certain services and seeks to cut costs following its failed plan to break up the firm.The cuts are largely concentrated on the advisory side of the U.S. operation, affecting more than 10% of partners in consulting and about 4% in strategy and transactions, but they touch the audit and tax arms as well, people familiar with the matter said. That would equate to more than 100 partners in consulting and over 30 partners in strategy and transactions at both junior and senior levels. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hasbro Layoffs: Toy Company to Cut Nearly 20% of Workforce
11Dec By adminNo Comments
World

Hasbro Layoffs: Toy Company to Cut Nearly 20% of Workforce

Updated Dec. 11, 2023 5:37 pm ETHasbro is cutting nearly 20% of its workforce as weak sales for toys and games persist into the critical holiday shopping period. The maker of Transformers action figures, the Dungeons & Dragons fantasy game and Monopoly will cut about 1,100 jobs, on top of 800 layoffs earlier this year, Chief Executive Chris Cocks said Monday in a memo to employees viewed by The Wall Street Journal. Hasbro reported having about 6,500 employees as of the end of 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Tech’s New Normal: Microcuts Over Growth at All Costs
5Dec By adminNo Comments
Technology

Tech’s New Normal: Microcuts Over Growth at All Costs

The tech industry has largely recovered from the downturn, but Silicon Valley learned a long-lasting lesson: how to do more with less. Amazon, Google, Microsoft and Meta Platforms have been cutting dozens or a few hundred employees at a time as executives keep tight controls on costs, even as their businesses and stock prices have rebounded sharply. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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TuSimple Winds Down U.S. Operations as It Looks for Buyer
5Dec By adminNo Comments
World

TuSimple Winds Down U.S. Operations as It Looks for Buyer

Self-driving trucking company TuSimple Holdings said Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country.The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Twilio Plans to Cut Workforce by 5%
4Dec By adminNo Comments
Technology

Twilio Plans to Cut Workforce by 5%

Twilio said Monday that it plans to shed hundreds of jobs as it seeks to streamline its operations and accelerate its path to profitable growth.The communications and customer data company said it plans to eliminate about 5% of its 5,900 employees, which will come at a cost of about $25 million to $35 million in various charges.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year
4Dec By adminNo Comments
World

Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year

Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push.Chief Executive Daniel Ek announced the job cuts—the Stockholm-based company’s third round of layoffs this year—to staff Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts
1Dec By adminNo Comments
World

VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts

U.S. sportswear and footwear company VF Corp.has laid off about 500 employees globally amid flagging consumer demand and activist investor pressure to trim costs.VF, the owner of retail brands including Vans, The North Face and Timberland, said in a statement Thursday that the cuts were across all its brands, corporate functions and geographies.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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