Layoffs

Report: New Meta Layoffs Could Rival Last Year’s Job Cuts
Report: New Meta Layoffs Could Rival Last Year’s Job Cuts
March 12, 2023  |  Meta

Meta is reportedly planning multiple rounds of job cuts that could match last year’s layoffs. The cuts could come over the next few months and...

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Gopuff Demand Apparently Not as Quick as Its Cash Burn
Gopuff Demand Apparently Not as Quick as Its Cash Burn
March 10, 2023  |  Delivery

As economic pressures rack the on-demand delivery industry, Gopuff has undergone another round of layoffs. The convenience retail delivery service cut around 2% of its...

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Report: Meta Set to Cut Thousands of Jobs
Report: Meta Set to Cut Thousands of Jobs
March 07, 2023  |  Meta

Meta is reportedly preparing to cut thousands of jobs in another round of layoffs. The workforce reduction could come as soon as this week, Bloomberg...

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FIS to Spin Off Worldpay Merchant Services Business Acquired in 2019
FIS to Spin Off Worldpay Merchant Services Business Acquired in 2019
February 12, 2023  |  Platform Payments

FIS is reportedly planning to spin off Worldpay, the merchant services business it acquired in 2019. The payments giant is apparently looking to undertake a...

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‘Mess’ Reported at Meta as Company Plans New Layoffs
‘Mess’ Reported at Meta as Company Plans New Layoffs
February 12, 2023  |  Meta

Meta CEO Mark Zuckerberg’s “year of efficiency” is reportedly off to a rocky start. The company has delayed the budgets for several of its teams...

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Deliveroo Cuts 9% of Global Workforce, Citing ‘Economic Headwinds’
Deliveroo Cuts 9% of Global Workforce, Citing ‘Economic Headwinds’
February 09, 2023  |  Delivery

Deliveroo is laying off 9% of its global workforce. In an open message published on the company’s website on Thursday (Feb. 9), Deliveroo CEO and founder Will...

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Disney’s Iger Unveils 3rd Transformation, Says Streaming Economics No. 1 Priority
Disney’s Iger Unveils 3rd Transformation, Says Streaming Economics No. 1 Priority
February 08, 2023  |  Earnings

Less than three months into his second stint as CEO, and Disney’s Bob Iger has unveiled his first sequel. This, as the recently returned executive...

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Report: January Job Cuts Were Highest Since 2020
Report: January Job Cuts Were Highest Since 2020
February 02, 2023  |  Personnel

The wave of layoffs announced by employers last month was the highest since 2020. U.S. based companies cut 102,943 jobs in January, a 136% increase...

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Upstart Laying Off 365 Employees as Loan Originations Decline
Upstart Laying Off 365 Employees as Loan Originations Decline
January 31, 2023  |  Personnel

Upstart is laying off 365 employees due to reduced demand for lending. The artificial intelligence (AI) lending platform said in a Tuesday (Jan. 31) filing...

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