Layoffs

Report: Amazon to Lay Off 10,000 Employees
Report: Amazon to Lay Off 10,000 Employees
November 14, 2022  |  Amazon

Amazon is reportedly looking to lay off approximately 10,000 employees this month, the first and largest such move in the company’s history. According to a...

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Layoffs Loom at Disney as Company Looks to Cut Costs
Layoffs Loom at Disney as Company Looks to Cut Costs
November 13, 2022  |  Streaming

Disney will likely lay off employees as the entertainment goliath embarks on a cost-trimming project, part of a wave of job cuts hitting the media...

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Amazon Tightens Belt as World Waits on Inflation Response and Walmart Q3
Amazon Tightens Belt as World Waits on Inflation Response and Walmart Q3
November 11, 2022  |  Retail

It has been a great couple of days for Amazon investors as cooling inflation data triggered a bounce in its sagging stock that hadn’t been...

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Coinbase Cuts 60 in Recruiting and Onboarding Teams
Coinbase Cuts 60 in Recruiting and Onboarding Teams
November 10, 2022  |  Cryptocurrency

After making job cuts that totaled 18% of its full-time workforce in June, cryptocurrency exchange Coinbase has announced another 60 layoffs.  These staff reductions are...

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Redfin Cuts 13% of Staff in Advance of Long Housing Drought
Redfin Cuts 13% of Staff in Advance of Long Housing Drought
November 09, 2022  |  Real Estate

Anticipating a housing market downturn that will stretch into next year, online real estate seller Redfin is laying off 13% of its staff and shuttering...

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Meta Invests in Metaverse Plans Amid Sweeping Layoffs
Meta Invests in Metaverse Plans Amid Sweeping Layoffs
November 09, 2022  |  Meta

In the middle of the first mass layoffs in its history, Meta is set to purchase Audio Analytic as part of CEO Mark Zuckerberg’s metaverse ambitions....

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Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
November 08, 2022  |  Meta

Social media and metaverse company Meta will join the growing list of tech companies making large employee layoffs on Wednesday (Nov. 9). In a Tuesday...

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Citigroup Investment Banking Unit Slashes Staff Globally
Citigroup Investment Banking Unit Slashes Staff Globally
November 08, 2022  |  Personnel

The rising trend of large corporations cutting back employees looks set to continue amid a report that Citigroup is scaling back its investment banking unit’s...

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Meta Reportedly Preparing to Lay Off Thousands
Meta Reportedly Preparing to Lay Off Thousands
November 06, 2022  |  Meta

Facebook owner Meta is reportedly set to begin massive layoffs this week, a first at that scale in the company’s history and the latest in...

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