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The company said that while reductions will happen across the company, its recruiting team will be disproportionately affected and its business teams would be restructured.
November 9 -
Musk plans to eliminate half of Twitter's workforce to slash costs at the social media platform he acquired for $44 billion last month.
November 4 -
The stock hit an all-time high in January 2021 — sending its market value near $50 billion — after stuck-at-home consumers flooded the company with orders.
January 21 -
Supplemental unemployment benefits plans allow employers to save money while keeping released employees on their benefit plans for a temporary period.
July 8Transition Services -
The historically high level of churn, or rate of change, underscores the colossal challenge of bringing back millions of people to the labor market as the economy reopens.
May 21 -
There’s no single trajectory that captures the experience of the millions of Americans who lost jobs and then returned to work during the pandemic.
March 16 -
Instacart plans to terminate about 1,900 employees’ jobs, including the only unionized positions in the U.S., representing a fulsome embrace of the gig economy.
January 21 -
One in four small companies said they’ll go belly up if economic conditions don’t improve over the next six months.
December 21 -
Persistently high jobless claims, along with this week’s announcements of tens of thousands of layoffs, indicate widespread economic pain.
October 2 -
Sales and customer-support roles are among those being eliminated, and affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams.
August 28