#LAYOFFS News

FEED

Kraken to lay off 30% of employees

fortune.com The latest victims of Crypto Winter? Nearly one-third of Kraken employees Kraken announced on Wednesday that the crypto exchange is laying off 30% of its workforce, about…

Kraken, the 3rd-largest digital assets exchange, is laying off 30% of its staff as crypto winter deepens

businessinsider.com Kraken on a phone KONSKIE, POLAND Kraken is laying off 1,100 of its employees, the company said in a blog post Wednesday. The news comes at a difficult time for the…

DoorDash is laying off 6% of its staff, and it's a warning for the entire food delivery business

businessinsider.com DoorDash laid off 6% of its workforce. DoorDash CEO Tony Xu said DoorDash is laying off 1,250 people in a Wednesday memo, Bloomberg reports. The company is firing 6% of its…

Layoffs? What Layoffs?

wsj.com Every day it feels like another big American company is announcing layoffs. But even if you squint, it is hard to find those layoffs showing up in job-market statistics. As…

Reassessing The Role Of Empathy In Tech: Between Zuckerberg’s “Feeling Your Pain” And Musk’s Creating More Of It, What Works For Layoffs?

forbes.com “Kind, creative, and smart is the motto at Snapchat…Looks like that went out of the window right away when things started going bad,” wrote one worker after CEO Evan Spiegel…

CNN begins layoffs in what CEO says will be a 'gut punch' to the network

cnn.com CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers at the global news network and mark the deepest cuts…

CNN layoffs begin

axios.com CNN boss Chris Licht on Wednesday informed employees that layoffs at the network are underway, according to an internal memo sent to staff. Why it matters: The layoffs cap…

‘Gut Punch’: CNN Begins Layoffs Hitting At ‘Heart And Soul Of This Organization’

forbes.com CNN boss Chris Licht told the network’s employees the company had begun a series of layoffs, suggesting in an email that the job cuts were “a gut punch” that would hit at…

NPR to impose near-freeze on hiring but avoids layoffs as budget cuts loom

npr.org Stephen Voss/Stephen Voss toggle caption NPR expects a $20 million shortfall in sponsorships this fiscal year. It plans to freeze hiring, among other things to reduce…

Crypto Exchange Kraken to Lay Off 1,100 as Industry Pain Deepens By Bloomberg

investing.com (Bloomberg) -- The crypto exchange Kraken is laying off 30% of its workforce, or about 1,100 people, as the fallout from this year’s digit-asset market meltdown worsens. The…

Kraken Lays Off 30% of Staff as Bitcoin Bear Market Persists

decrypt.co Mass layoffs continue to plague the crypto industry. San Francisco-based crypto exchange Kraken today announced that it is cutting roughly 1,100 employees, reducing its…

Return to office, meet the recession

vox.com Companies are cutting back on real estate ahead of a potential recession. | Getty Images You may get to keep your job, but you might lose your Zoom and your desk. In the…

DoorDash is laying off around 1,250 corporate employees

engadget.com says it is laying off around 1,250 employees in the latest instance of belt tightening at a well-known tech company. CEO Tony Xu wrote that DoorDash sped up hiring during…

Crypto exchange Kraken cuts 1,100 jobs

techcrunch.com Crypto exchange Kraken today announced it’s letting go of 1,100 staffers. The announcement came from a company blog post and follows similar news from DoorDash that it was…

Job Openings Ease, but Layoffs Are Little Changed

nytimes.com Employers continued to pull back in October on the number of jobs they were looking to fill, the latest sign that the labor market is strong but gradually cooling. About…

CNN informs employees that layoffs are underway

investing.com (Reuters) - Warner Bros Discovery-owned CNN's top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are underway, according to a CNN…

How To ‘Career Cushion’ Your Job During Challenging Times

forbes.com “Career cushioning” is the newest job-related term added to the growing lexicon of the Great Resignation, acting your wage and quiet quitting. According to LinkedIn career…

The biggest tech layoffs of 2022

theweek.com Tech companies are dealing with the aftermath of the pandemic and marking the end of a decades-long industry-wide boom. "For the last 20 years, Silicon Valley has had the…

Job Openings and Labor Turnover Summary

bls.gov For release 10:00 a.m. (ET) Wednesday, November 30, 2022 USDL-22-2234 Technical information: (202) 691-5870 � JoltsInfo@bls.gov � www.bls.gov/jlt Media contact: (202)…

Are Tech Layoffs Going to Be a Headache for Alexandria Real Estate Equities?

fool.com Despite a relatively tight labor market, we are starting to see big tech companies announce layoffs. Elon Musk's acquisition of social media site Twitter garnered a lot of…

H&M becomes first big European retailer to cut jobs as inflation hits demand

theglobeandmail.com Swedish fashion giant H&M on Wednesday became the first big European retailer to start layoffs by announcing 1,500 job cuts owing to softening demand as consumers cope with…

Why businesses are furiously hiring even as a downturn looms

economist.com Why businesses are furiously hiring even as a downturn looms A shake-up in the labour market gives the upper hand to job applicants Should companies be hiring or firing?…

After a covid-fuelled adrenaline rush, biotech is crashing

economist.com Many companies are shedding staff. This week Atara and MacroGenics, two medium-sized public firms, announced big layoffs. An index of biotech companies listed on New York’s…

OneTeam: Twitter employees show solidarity after mass layoffs under Musk ownership

latimes.com OneTeam: Twitter employees show solidarity after mass layoffs under Musk ownership Twitter employees braced themselves for a fateful email on Friday as the platform’s new…

Former employees sue Twitter over layoffs, alleging violation of labor laws

latimes.com Former employees sue Twitter over layoffs, alleging violation of labor laws Former Twitter employees have sued the social media giant, alleging that the company violated and…

Twitter spent years building its staff. Under Musk, job cuts have already begun

latimes.com Hiring is challenging for every industry, but especially tech. The workforce is highly skilled and hard to recruit. Companies must develop and improve employees’…

With Twitter layoffs set to start, employees worry about getting their severance

latimes.com With Twitter layoffs set to start, employees worry about getting their severance In recent years, big technology companies have dangled ever more generous benefits to entice…

Twitter employees brace for massive layoffs as Elon Musk completes his acquisition

latimes.com Twitter employees brace for massive layoffs as Elon Musk completes his acquisition After six months of wrangling and delaying tactics, Elon Musk’s deal to buy Twitter…

Remote workers could be the first to go in the next round of recession layoffs

latimes.com Remote workers could be the first to go in the next round of recession layoffs Ernanda White’s layoff was sudden and swift. Eight months of steady work ended in a 15-minute…

Bengaluru, home to 1.5 million IT workers and called 'the world's back-office,' has dodged the tech winter ripping through Silicon Valley

businessinsider.com Infosys building. Getty Images Indian techies were tripling salaries during the pandemic due to bloated demand for talent. But the tech sector — especially edutainment — has…

Deep cuts at AMC Networks signals turbulent time for media industry

cnn.com “The mechanisms for the monetization of content are in disarray.” That’s what AMC Networks Chair James Dolan told his employees on Tuesday when he delivered the grim news…

The Associates Looking To Leave Their Biglaw Firms, Like Now

abovethelaw.com The Associates Looking To Leave Their Biglaw Firms, Like Now Above the Law Law Firms See Payment Delays Amid Challenging Collection Season | The American Lawyer Law.com…

Tech layoffs: The Great Correction?

marketplace.org Amazon. Meta. Twitter. A lot of tech companies are letting workers go. According to one estimate, nearly 140,000 have been laid off in the industry this year. And while…

Tech layoffs wallop H-1B visa holders: ‘It’s not just dollars and a job. It’s our entire life’

sfchronicle.com Tech layoffs wallop H-1B visa holders: ‘It’s not just dollars and a job. It’s our entire life’ This is a carousel. Use Next and Previous buttons to navigate The software…

Remote positions drying up as growing number of U.S. workers want to toil from home

deseret.com The Great Disconnect: Remote positions drying up as growing number of U.S. workers want to toil from home Once just a symbol of pandemic realities, remote work is now a…

AMC Networks to See ‘Large-Scale Layoff’ After Streaming Miscalculation: Read the Memo

indiewire.com AMC Networks is about become the latest entertainment company to undergo layoffs. The company will begin “large-scale layoffs” soon, according to a memo sent to staff from…

What is career cushioning? The newest workplace term everyone’s about to hate, thanks to an impending recession

fortune.com What is career cushioning? It’s the newest workplace term everyone’s about to hate, thanks to an impending recession First it was the Great Resignation. Then it was quiet…

Laid Off From A Tech Company? 3 Ways To Find A Tech Job In A Different Industry

forbes.com The recent wave of layoffs at tech companies, including Meta, Microsoft, Salesforce, and Stripe, has left many people unexpectedly looking for jobs, and others uncertain…

When Layoffs Happen at Tech Companies, This Position Is the First to Go

wsj.com Companies couldn’t hire enough recruiters to help fill all of the open technology positions they had a year ago. Now many tech-talent seekers are job-hunting themselves. Few…

If You’re Gonna Fire Everyone, At Least Let Them Sleep In The Next Day

dealbreaker.com The year of the Great Resignation and the advent of quiet quitting has also offered a fantastic primer on how not to fire people. Silicon Valley disruptors Vishal Garg and…

United Furniture sued after firing 2,700 workers by text message before Thanksgiving

foxbusiness.com United Furniture Industries is being sued after laying off approximately 2,700 employees via emails and text messages. The plaintiff – a former employee of eight years who…

As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid

nytimes.com SAN FRANCISCO — Before Elon Musk bought Twitter last month, the company’s executives had racked up hundreds of thousands of dollars in travel invoices that the social media…

The Culture That Tech Companies Have Worked So Hard To Cultivate Is Lost Amid Layoffs

forbes.com As companies like Amazon Companies should do more than rein in expenses and manage the looming downturn. On one hand, the consequences of hasty, poorly calibrated fires can…

AMC Networks plans significant layoffs as CEO steps down after less than three months

cnbc.com AMC Networks told employees in a memo Tuesday it is planning significant layoffs. - The plans come as CEO Christina Spade is leaving the company after taking on the role in…

Consumer confidence tumbles to lowest in 4 months

cbsnews.com American consumers are entering the holiday season feeling gloomier about the economy amid ongoing high inflation and layoffs in the tech sector, depressing U.S. consumer…

WSJ News Exclusive

wsj.com AMC Networks Inc. is planning large-scale layoffs, according to a staff memo from its chairman, a sign of further disruption at a company that earlier Tuesday announced its…

Tech hiring is slowing down

marketwatch.com How is the tech job market looking? Unfortunately, not so great. Tech hiring took a dip after the Federal Reserve began aggressively hiking interest rates earlier this year,…

US consumer confidence falls in November for 2nd month

apnews.com U.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoffs in the tech sector. The Conference…

Layoffs Have Gutted Twitter’s Child Safety Team

wired.com Removing child exploitation is “priority #1”, Twitter’s new owner and CEO Elon Musk declared last week. But, at the same time, following widespread layoffs and resignations,…

Big Tech Has Failed to Live Up to Its Promise

washingtonpost.com It’s tempting to dismiss the mass layoffs and collapsing stock prices in the tech sector as just another blip in the tech boom-and-bust cycle. Technology firms may make up…

Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

cointelegraph.com China’s COVID-19 protests cemented as NFTs Nonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have…

BlockFi Files Chapter 11 Bankruptcy as FTX Crumble Affects Many

coinspeaker.com Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see…

Layoff payoff

morningbrew.com Contextualizing the finance news you need to know. Severance. A word that earlier this year just made us think about that freaky show on Apple TV+ (can’t wait for season two…

Amid Layoffs And Recession Worry, The Good News For Workers

ndtv.com The global economy is stuttering, and some of the world's biggest names are already laying off thousands of employees. But there's a glimmer of good news: This time around,…

Reminder To Laid-Off Biglaw Associates: You’re Just A Product

abovethelaw.com It’s hard to work at Biglaw for any length of time and *not* feel like a cog in a machine. Firms don’t have widgets to sell to clients, they have the hours associates and…

US tech layoffs: India workers face painful exit from the US

bbc.co.uk Layoffs across the tech industry, including at firms like Twitter, Meta and Amazon, have affected a significant number of Indians working in the US who are on visas like the…

One-Stop Business News backed by Mark Cuban. Free to Use →