layoffs

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DoorDash Becomes Next Tech Player to Shed Jobs
The Bloodletting
Comes to DoorDash

The Bloodletting Comes to DoorDash

More than 1K corporate employees were laid off Wednesday

(Newser) - DoorDash shares are down more than 60% for the year but saw a bump on Wednesday after the company announced it was axing 1,250 corporate employees as a cost-cutting measure. CNBC reports it had 8,600 such employees at the end of last year; the AP reports the cuts...

AMC Chief Out After 3 Months, Will Get $10M Severance
AMC Networks Is Having
a Rough Day

AMC Networks Is Having a Rough Day

CEO Christina Spade leaves after 3 months as network announces layoffs

(Newser) - A surprise in the world of cable TV on Tuesday: AMC Networks CEO Christina Spade stepped down after less than three months on the job, reports CNBC . Neither Spade nor the network gave a specific reason, but the company announced large-scale layoffs soon after the announcement was made, per the...

Amazon Is Preparing a Major Round of Layoffs
Amazon's Mass Layoffs
Will Extend Into Next Year
UPDATED

Amazon's Mass Layoffs Will Extend Into Next Year

Company's workforce has doubled to 1.5M since 2019

(Newser) - Amazon's mass layoffs did indeed begin this week, CNN reports, and the company's CEO sent a note to employees Thursday saying they will extend into next year. "I’ve been in this role now for about a year and a half, and without a doubt, this is...

For First Time, Zuckerberg Readies Mass Layoffs

Meta, parent of Facebook, will reportedly lay off thousands of people this week

(Newser) - Twitter employees aren't the only tech staffers facing a bleak November : Facebook parent company Meta is expected to announce its biggest wave of layoffs since Mark Zuckerberg founded it in 2004, reports the New York Times . The numbers are unclear, but Wall Street Journal predicts "many thousands" of...

2 Struggling Businesses Announce Major Layoffs

Bed Bath & Beyond is closing 150 stores, while Snap is discontinuing several apps

(Newser) - Two struggling companies announced major job cuts and other restructuring moves Wednesday—and their stock prices moved in opposite directions.
  • Bed Bath & Beyond. The retailer, known for its 20% off coupons, said it would cut its corporate and supply chain workforce by 20%, and its stock plunged 20% in
...

Ford Announces 3K Layoffs
Ford Announces 3K Layoffs

Ford Announces 3K Layoffs

Company trims white-collar jobs as part of transition to electric vehicles

(Newser) - Ford Motor Co. is cutting about 3,000 white-collar jobs as it attempts to lower costs and make the transition from internal combustion to electric vehicles, per the AP . Leaders of the automaker made the announcement Monday in a companywide email, saying that 2,000 full-time salaried workers would be...

CEO's Teary Selfie a Symptom of 'Banal' LinkedIn

'Everyone's personal anecdotes sound like TED Talks for robots,' Slate's Shannon Palus writes

(Newser) - The head of a social media marketing company recently took some flak for posting a "vulnerable" picture on LinkedIn , showing him in tears as he relayed how he had to lay off some of his workers. Braden Wallake has since issued an apology of sorts for his post as...

Robinhood Has More Bad News for Its Employees

After slashing 9% of workforce earlier this year, CEO Tenev announces another 23% has to go

(Newser) - Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. CEO Vlad Tenev said the company, whose easy-to-use app helped bring a new generation of investors to the market, will reduce...

Google Workers Fret After Ominous Words From CEO

Pichai warns that productivity is lacking, company isn't 'immune to economic headwinds'

(Newser) - It's been a worrisome few weeks for Google, as profits dipped for the second quarter in a row and hiring was temporarily paused. Now, CEO Sundar Pichai has put out an alert to employees, seeking ideas to boost efficiency and up productivity and warning of an economy that doesn'...

Workers in One Sector Are Seeing Lots of Layoffs
Workers in One Sector Are
Seeing Lots of Layoffs
IN CASE YOU MISSED IT

Workers in One Sector Are Seeing Lots of Layoffs

The post-pandemic economy isn't turning out the way some investors hoped

(Newser) - Overall, the US job market remains strong, according to the Labor Department’s latest jobs report, which shows US employers added 428,000 jobs in May amid record-high job openings. Meanwhile, per Reuters, layoffs and unemployment claims remain far below levels that might signal an economic downturn. "A low...

Netflix Lays Off Another 150, Including Directors

Company is dealing with subscriber loss for the first time

(Newser) - The hits keep coming at Netflix. After announcing last month that it had lost subscribers, the streaming service laid off employees in animation and at its Tudum website. Content has been cut, with projects in the works being canceled. On Monday, 150 more employees were laid off, per Vulture . "...

Netflix Layoffs Begin on Its Tudum Website

Employees fear more cuts are ahead after subscriber loss

(Newser) - Not five months ago, Netflix launched Tudum, an editorial website to supply consumers with original content about its programming. On Thursday, the layoffs began, with about 10 full-time employees and contractors sent on their way, per the Hollywood Reporter . In between, Netflix announced a major loss of subscribers . The company...

Workers Find Out They're Laid Off Via Computer Error

Better.com employees saw severance payment in payroll app

(Newser) - When Better.com CEO Vishal Garg abruptly informed 900 employees they were being laid off during a Zoom call in December, critics called the approach callous and said the mortgage company could have done better. With the latest round of layoffs, the startup actually did worse, workers tell the Daily...

CEO Who Fired Workers on Zoom Is Back: 'Everyone Is Upset'

Vishal Garg back in Better.com driver's seat after backlash over laying off 900 staffers last month

(Newser) - Vishal Garg has apparently taken all the time he needed to think about what made him decide to pink-slip 900 Better.com workers last month on a short Zoom call. Per a Tuesday memo to staff from the company's board of directors, the embattled founder and CEO is back...

CEO Who Fired Workers Over Zoom Is Taking Time Off

Better.com's board made the announcement about Vishal Garg internally on Friday

(Newser) - Update: The CEO who shot to infamy last week after opting to fire 900 workers during a brief Zoom call is "taking time off." The board of mortgage lender Better.com announced in an internal email on Friday that Vishal Garg would be taking a break "effective...

CEO's 'Cold' Zoom Call: 'I Come to You With Not Great News'

Better.com's Vishal Garg laid off 900 employees in video conference right before holidays

(Newser) - Mortgage lender startup Better.com markets itself as combining technology with a human touch to help make the homeownership process "friendly and enjoyable," but that's not how most employees would describe the Zoom call they attended with the company's billionaire CEO last Thursday. In what Forbes...

Disney Says 32K Will Lose Jobs by March

Company announces another 4K layoffs

(Newser) - More bad news from Disney: The company announced in a Thanksgiving Eve filing that it plans to lay off 32,000 workers by March of next year, 4,000 more than previously announced . Most of the laid-off workers will be employees at the company's theme parks in Florida and...

ESPN to Lay Off 300, Let Some On-Air Contracts Lapse
ESPN Announces
Big Layoffs

ESPN Announces Big Layoffs

300 to lose jobs as network hasn't recovered from 4 months without games

(Newser) - When the pandemic hit, ESPN was left with hardly any games to show for four months. Sports is back, but ratings and advertising still lag. Now the other shoe has dropped for employees of the cable network. The company is laying off 300 people and not filling another 200 jobs,...

Mass Layoffs at Airlines: 'It Didn't Have to Be This Way'

Tens of thousands of furloughs at American, United after deadline for Congress deal passes

(Newser) - Nineteen thousand workers at American Airlines and 13,000 at United are getting bad news this week, and they may not be the only ones. The Wall Street Journal reports the two airlines are laying off tens of thousands of employees after Congress was unable to OK a coronavirus relief...

2 Big Companies Announce Layoffs
2 More Companies
Announce Layoffs

2 More Companies Announce Layoffs

MGM Resorts and Coca-Cola join the list

(Newser) - Two more big companies announced layoffs on Friday:
  • MGM Resorts will lay off 18,000 people as the casino industry struggles to recover. That represents about a quarter of the company's American workforce of 68,000 before the pandemic took hold, reports the Wall Street Journal .
  • Coca-Cola said it
...

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