Layoffs

Meta to Slash Jobs Across Its 3 Social Platforms
Meta to Slash Jobs Across Its 3 Social Platforms
April 19, 2023  |  Meta

Meta is reportedly readying layoffs that will impact its flagship social media platforms. The company told managers to be prepared for layoff announcements Wednesday (April...

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McDonald’s Lays off Hundreds of Corporate Employees Amid Restructuring
McDonald’s Lays off Hundreds of Corporate Employees Amid Restructuring
April 07, 2023  |  Personnel

A weeklong, multipart series of layoffs and other changes reportedly impacted hundreds of McDonald’s employees. As part of its restructuring, the quick-service restaurant (QSR) chain...

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Apple Cuts Small Number of Jobs Amid Broader Tech Layoffs
Apple Cuts Small Number of Jobs Amid Broader Tech Layoffs
April 04, 2023  |  Retail

Apple is reportedly eliminating some retail jobs as it looks to cut costs. Until now, there were signs the tech giant was attempting to avoid...

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McDonald’s Preps for Layoffs as Restaurants Strain Under Economic Pressure
McDonald’s Preps for Layoffs as Restaurants Strain Under Economic Pressure
April 03, 2023  |  Economy

McDonald’s is reportedly cutting corporate staff as restaurant margins take a hit amid economic stress. The quick-service restaurant (QSR) giant is closing its offices across...

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Jobless Claims Climb by 7K Following Previous Week’s Drop
Jobless Claims Climb by 7K Following Previous Week’s Drop
March 30, 2023  |  Economy

U.S. unemployment claims increased last week amid what remains a strong labor market. Initial jobless claims rose by 7,000 to a seasonally adjusted 198,000 for...

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Consumers Now Want Digital in Everything, Everywhere, All at Once, Study Finds
Consumers Now Want Digital in Everything, Everywhere, All at Once, Study Finds
March 29, 2023  |  News

Tech layoffs are running rampant. With inveterate titans like Meta, Google and Microsoft laying off thousands of workers, many are beginning to wonder whether digital...

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Disney Axes Metaverse Operations Amid Broader Job Cuts
Disney Axes Metaverse Operations Amid Broader Job Cuts
March 28, 2023  |  Metaverse

Disney is reportedly shuttering its metaverse business as part of a larger round of layoffs. The entertainment behemoth has shut down its division that was...

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PYMNTS Intelligence: Exploring Potential Paths Toward BNPL Profitability
PYMNTS Intelligence: Exploring Potential Paths Toward BNPL Profitability
March 28, 2023  |  BNPL

At a time when investors are increasingly risk averse, it is important that buy now, pay later (BNPL) firms — and FinTechs more generally —...

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An Industry Insider on Profits and the Need for FinTech Self-Scrutiny
An Industry Insider on Profits and the Need for FinTech Self-Scrutiny
March 27, 2023  |  BNPL

After years of easy money and rapid growth, the FinTech bubble burst in 2022 amid economic challenges. A new monthly report takes a deep dive...

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