Layoffs

Continuing Unemployment Claims Creep Up As Layoffs Mount
Continuing Unemployment Claims Creep Up As Layoffs Mount
November 02, 2023  |  Economy

Jobless Americans might be having trouble finding work, according to new unemployment data. Figures released Thursday (Nov. 2) by the Labor Department showed that continuing jobless claims —...

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Panera Bread Cuts Corporate Staff Ahead of Parent Company’s Planned IPO
Panera Bread Cuts Corporate Staff Ahead of Parent Company’s Planned IPO
November 01, 2023  |  Personnel

Panera Bread is reportedly making significant changes to its corporate structure as its parent company Panera Brands prepares for an initial public offering (IPO). The...

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1 in 5 Consumers Cite Job Loss as Reason for Depleting Savings
1 in 5 Consumers Cite Job Loss as Reason for Depleting Savings
October 30, 2023  |  Consumer Insights

Despite a decline in inflation rates, living paycheck to paycheck remains the predominant lifestyle for a significant portion of Americans.  This financial tightrope is not limited to those with...

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Barclays Will Cut 3% of U.S. Consumer Banking Staff
Barclays Will Cut 3% of U.S. Consumer Banking Staff
October 25, 2023  |  Personnel

Barclays is shrinking its U.S. consumer banking division as it looks to lower costs.  “We recently streamlined and simplified our U.S. Consumer Bank operating model,...

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Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
October 19, 2023  |  Banking

Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the...

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LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Digital Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in...

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Crypto Wallet Manufacturer Ledger Lays Off 12% of Staff 
Crypto Wallet Manufacturer Ledger Lays Off 12% of Staff 
October 05, 2023  |  Cryptocurrency

Ledger, a French firm building hardware and software for securing crypto assets, is laying off 12% of its staff.  “Macroeconomic headwinds are limiting our ability...

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Report: Amazon to Pull Plug on Live-Audio App Amp
Report: Amazon to Pull Plug on Live-Audio App Amp
October 04, 2023  |  Amazon

Amazon is reportedly shutting down its live-audio app, Amp, which allowed users to play music and talk alongside the songs. Steve Boom, the head of Amazon’s digital...

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Report: Citigroup to Announce Layoffs in November Amid Reorganization
Report: Citigroup to Announce Layoffs in November Amid Reorganization
October 04, 2023  |  Personnel

Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be...

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