Layoffs

Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
October 28, 2019  |  Ridesharing

Every journey tends to have speedbumps, and that appears to be the case when it comes to the efforts to bring more digital commerce – and...

READ MORE >
Wells Axes 200+ Staffers From US Lending Units
Wells Axes 200+ Staffers From US Lending Units
October 27, 2019  |  Personnel

Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on...

READ MORE >
Fair Auto Subscription Firm Cuts 40 Pct Of Workforce
Fair Auto Subscription Firm Cuts 40 Pct Of Workforce
October 24, 2019  |  Personnel

Fair, a car startup that lets people own cars flexibly, has been paying attention to the fate of venture-backed startups like Uber and WeWork, who...

READ MORE >
SoftBank-Owned WeWork To Cut 4,000 Jobs
SoftBank-Owned WeWork To Cut 4,000 Jobs
October 23, 2019  |  Partnerships / Acquisitions

WeWork, the embattled workspace company that was recently taken over by Japan’s SoftBank, will get rid of 4,000 jobs in an effort to become profitable. ...

READ MORE >
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
October 16, 2019  |  Investments

SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported...

READ MORE >
2,000 Staff Getting Laid Off As WeWork Faces Collapse
2,000 Staff Getting Laid Off As WeWork Faces Collapse
October 15, 2019  |  Investments

WeWork will lay off at least 2,000 staff in the coming week — 13 percent of its 15,000 payroll — with thousands of more job...

READ MORE >
Uber Faces Third Wave Of Layoffs Since August
Uber Faces Third Wave Of Layoffs Since August
October 14, 2019  |  Ridesharing

Marking the third round of layoffs since August, Uber has laid off approximately 350 employees across multiple teams in the company with the inclusion of...

READ MORE >
Open Banking Startup Bud Lays Off One-Fifth Of Workforce
Open Banking Startup Bud Lays Off One-Fifth Of Workforce
September 18, 2019  |  B2B Payments

Open banking FinTech startup Bud is reportedly laying off up to one-fifth of its staff just months after announcing a $20 million fundraise, The Telegraph...

READ MORE >
Uber Announces Layoffs Of 400 Marketing Employees
Uber Announces Layoffs Of 400 Marketing Employees
July 29, 2019  |  Ridesharing

Uber has laid off one third of the employees, or 400 people, in its marketing department, according to a report in The New York Times. ...

READ MORE >