Nissan cuts outlook, announces restructuring with 9,000 job cuts
Competition and high sales targets are taking a heavy toll on the car maker.
Layoffs
US jobless claims soar to year high, hit by Helene and auto cuts
The devastation caused by the hurricane, along with layoffs, have largely contributed to the jump.
SAP staff morale plunges in internal survey amid restructuring
Trust in the company's board fell to 38%, with only 15% of employees saying reorganization has improved their working conditions.
Layoffs are a last resort looming for more US companies
The Federal Reserve’s ability to avert a downturn rests in part on just how long a post-pandemic irregularity can continue: labor hoarding. Even with interest rates at the highest level in more than two decades and signs of a cooling economy, businesses scarred by pandemic-era worker shortages have largely avoided layoffs. Instead, they’ve pulled back […]
US initial jobless claims rise to one-year high as hiring slows
Data shows hiring plans at their lowest since 2012.
Why financial wellness benefits should be a company’s biggest investment
Helping employees reach financial stability is a critical part of running a successful business.
Layoff whiplash scars workers who find new jobs, only to lose them
An increasing share of jobseekers say it's likely they'll get laid off from their current or new job in the next six months.
Tesla to cut over 10% of workforce
If the dismissals apply companywide, they would amount to more than 14,000 employees.
Amazon Web Services is cutting hundreds of jobs
The latest layoffs come about a year after Amazon slashed 27,000 corporate roles following a pandemic-era hiring boom.
Nike joins growing list of US companies doing large layoffs
Nike will slash its global workforce by about 2%, and joins other major companies like Google and Amazon in laying off staff.
Life after layoff: How this tech worker moved on and became his own boss
Suhel Rana lost his job in the first round of major tech layoffs. Here's what he has to say about the experience.
Employers want to fire workers without getting shamed on TikTok
Social media backlash has executives looking for advice on how to lay people off without it blowing up in their faces.
Tech layoffs continue to roil industry with 32,000 jobs cut in 2024
Snap became the latest example, announcing on Monday that it's reducing its workforce by about 10%, or around 540 employees.
How to find more stability in your business this year
Whether handling layoffs more smoothly, or supporting employee resource groups, leaders should rethink their approach to management.
Salesforce to cut about 700 workers, adding to tech layoff flood
Less than 1% of workers will be cut in this latest headcount reduction at the company.
Citi to cut 20,000 roles, saving $2.5 billion
Ultimately, firm-wide headcount will decline by 60,000 jobs to 180,000 by the end of 2026.
Spotify cuts 1,500 jobs in third layoff of 2023
This is the third time the streaming service has carried out mass layoffs this year in an effort to shrink costs and drive profitability.
Food delivery service Grubhub to lay off 15% of workforce
The reduction in jobs will affect about 400 people.
Gap says latest job cuts will eliminate about 1,800 positions
Gap has a goal of saving $300 million a year amid struggles.
Disney begins second round of job cuts, affecting thousands
Disney Entertainment, home to the company's non-sports-related film and TV businesses, is a focus of the reductions.
