Company to cut 15% of workforce
Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as part …
Layoffs
Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began …
2023 layoffs will continue to affect workers in 2024, report says
2023 was a year of layoffs. Over 305,000 U.S. workers were laid off over the year in a series of mass layoffs that started most notably with tech companies, but …
Short-term rental provider Frontdesk lays off entire staff, on the verge of shutting down
Another proptech startup has run into trouble. Frontdesk, a startup that managed more than 1,000 furnished apartments across the United States, laid off its entire 200-person workforce Tuesday after attempts …
2023 showed cybersecurity isn’t immune from brutal layoffs
Despite a rise in cyberattacks and breaches, the cybersecurity industry is by no means exempt from the uncertainty inspired by the current economy. 2023 will likely be remembered as the …
Nike, Intel Cutting Jobs Next Year: Layoff Projections 2024
This article originally appeared on Business Insider. A slew of companies across the tech, media, finance, and retail industries made significant cuts to staff in 2023. Major tech players like …
A comprehensive list of 2023 tech layoffs
Last year’s techwide reckoning continues. The tech industry has seen more than 240,000 jobs lost in 2023, a total that’s already 50% higher than last year and growing. Earlier this …
One-click checkout company Bolt confirms another round of layoffs
E-commerce and fintech company Bolt, which was at one time the subject of a federal probe, confirmed it laid off 29% of its staff, according to a company spokesperson. In …
GM’s embattled Cruise robotaxi unit slashes 900 jobs
General Motors’ troubled Cruise autonomous vehicle unit is cutting over 900 jobs, about a quarter of its workforce, as it moves to reduce costs and remake itself after a series …
Etsy Lays Off 225 Employees, CEO Says Timing ‘Unfortunate’
Etsy is cutting 11% of its workforce Wednesday due to what the company said was a “very difficult yet necessary [decision] to better position Etsy for future growth.” According to …