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Jan 30, 2024 · Technology publisher TechCrunch laid off around eight staff members Monday, part of a larger restructuring at the title as it seeks to refocus its coverage around the investors, founders and...
Jun 18, 2024 · The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to...
Jan 31, 2024 · Tech layoffs scale to three-quarter high. In its most recent quarter, Microsoft reported $62 billion worth of revenue, $27 billion worth of operating income, and $21.9 billion worth of net...
Jan 30, 2024 · Silicon Valley news site TechCrunch is ending its subscription product after laying off eight staffers this week, the publication said on Tuesday. The subscription product TC+ will wind down...
- Canadian National Railway
- Deutsche Bank
- Lowe's
- Amgen
- Oracle
- Bed Bath & Beyond
- Tesla Motors
- Activision Blizzard
- HSBC
- HP
Jobs were also derailed at Canadian National Railway (CNI0.47%), which has plans to lay off up to 1,600 workers, according to online publication Globe and Mail. Canadian National Railway spokesperson Alexandre Boule confirmed that the company was indeed "adjusting its resources to demand," albeit wouldn't pinpoint a specific number of job cuts. Wha...
A pretty common theme in 2019 was big-bank layoffs, and Germany's Deutsche Bank (DB1.22%) undoubtedly heralded that charge. In July, Deutsche Bank unveiled an $8.3 billion restructuring plan designed to reduce costs and better align the bank to compete globally. This means reducing the company's struggling investment banking business, closing its e...
Do-it-yourself home improvement giant Lowe's (LOW-0.47%)is another brand-name company that announced it would lay off "thousands of workers" in 2019, albeit the company declined to offer a specific number of job cuts. Lowe's did, however, note that the cuts would come from eliminating maintenance and assembly worker positions, with these existing p...
Healthcare companies may be relatively recession-resistant given that people don't get to choose when they get sick or what ailment they develop, but even that doesn't save them from dishing out the occasional pink slip from time to time. In November, biotech giant Amgen (AMGN-0.55%) declared two rounds of job cuts. First, the company announced the...
Similar to Amgen, enterprise cloud and infrastructure technologies provider Oracle (ORCL0.71%)laid off workers in two separate instances in 2019. In May, Oracle wound up showing 352 of its California employees the door. These job cuts, which were announced in March, are part of a constant rebalancing by the company to remove jobs in lower-margin le...
As consumers move their purchases from brick-and-mortar stores to the internet, traditional retailers have felt the pinch. That's why home furnishing retailer Bed Bath & Beyond (BBBY)has used its proverbial scissors to make cuts in 2019. In March, the company shed around 150 of its 65,000 employees, with two-thirds of these cuts coming from its who...
Tesla (TSLA1.68%)and its lineup of all-electric vehicles might be the hottest thing to hit the road in decades, but that doesn't make its employees immune from job cuts. In January, CEO Elon Musk made the tough decision to let 7% of the company's full-time workforce go-- roughly 3,000 people -- in an effort to conserve cash. Despite continuing to f...
Not even the gaming industry was free from layoffs in 2019. Activision Blizzard (ATVI), the company behind the Call of Duty and Guitar Herofranchises, announced in mid-February that it'd be shedding 8% of its workforce, or roughly 800 of its 9,600 workers at the time. According to the company, these cuts were made entirely from the non-developmenta...
As mentioned earlier, big banks were showing people to the door with regularity in 2019, and European banks were no exception. U.K.-based HSBC (HSBC0.88%)kicked off its round of layoffs in August, when it announced that it would be eliminating over 4,000 jobs. Most of the job cuts were expected to be high-paying, executive-level positions, with the...
Whereas Activision shocked folks by announcing job cuts after a record quarter of sales, computing and printing equipment giant HP (HPQ1.54%)announcing layoffs is about as far from a surprise as you can get. As consumers and enterprises move into a digital world, legacy hardware has been commoditized and brutalized, and HP has paid the price. Just ...
Dec 14, 2022 · The economists estimate that 75% of tech workers who were laid off in October will end up finding a job within three months. That's up from 71% for those who were laid off in January of this...
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Jul 11, 2023 · If you study the Layoffs.fyi database of tech staff cuts, you can spot an interesting trend budding. The number of tech workers asked to leave since we saw layoffs peak in January 2023 has...
