Layoffs

Bose To Shutter 119 Tech Stores
Bose To Shutter 119 Tech Stores
January 16, 2020  |  Retail

Audio equipment company Bose has announced it is closing 119 retail locations due to changing customer demand, according to a report. Part of the issue...

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SoftBank’s Vision Fund Startups See Spate Of Layoffs
SoftBank’s Vision Fund Startups See Spate Of Layoffs
January 10, 2020  |  Investments

As far as investments go, SoftBank’s Vision Fund’s recent bumps and bruises, and the state of many of its once high-flying holdings, bring to mind...

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
January 10, 2020  |  Gig Economy

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing...

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SoftBank Parts Ways With Dog-Walking Startup Wag
SoftBank Parts Ways With Dog-Walking Startup Wag
December 10, 2019  |  Investments

SoftBank is giving up on the dog-walking startup Wag after investing $300 million two years ago, The Wall Street Journal (WSJ) reported on Monday (Dec....

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Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
December 09, 2019  |  Data Dive

The year 2019 is winding down and with it the entire second decade of the 21st century. And while there are still roughly three weeks...

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European Lenders Announce 60K Job Cuts
European Lenders Announce 60K Job Cuts
December 08, 2019  |  International

European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. 7). Lenders...

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Investors Sour On Postmates, Triggering Layoffs
Investors Sour On Postmates, Triggering Layoffs
December 04, 2019  |  Delivery

Food-delivery startup Postmates has laid off dozens of employees and shuttered its Mexico City office, CNBC reported on Tuesday (Dec. 3), citing sources.  Postmates, which...

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WeWork Begins Layoffs Of 20 Pct. Of Workforce
WeWork Begins Layoffs Of 20 Pct. Of Workforce
November 21, 2019  |  Personnel

Co-working office space company WeWork is slashing its worldwide workforce by 20 percent – a total of 2,400 employees – as it strives to revamp...

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WeWork Under Investigation By NY AG
WeWork Under Investigation By NY AG
November 19, 2019  |  Legal

Sources have told Reuters that WeWork is under investigation by the New York State Attorney General (NYAG). While a spokesman for the NYAG declined to...

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