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3 mins read
eBay is laying off 1,000 employees about 9% of its workforce. Read the memo its CEO sent to staff.
CEO Jamie Iannone said that the cost of the company's head count and general expenses had outpaced …
Jyoti Mann
1 min read
Gone in 2 minutes: Frontdesk lays off entire staff over a short GMeet call
Online rental platform Frontdesk has become the first tech startup to lay off employees in 2024 -- …
2 mins read
Wayfair CEO says laying off workers has turned out great
Wayfair's Niraj Shah and Steve Conine said in a letter to shareholders that having fewer staff has …
Grace Eliza Goodwin
3 mins read
Read the memo Elon Musk sent Tesla staff announcing that the company is laying off more than 10% of the workforce
Tesla CEO Elon Musk said in the memo, seen by BI, there's been a "duplication of roles and job func…
Jyoti Mann,Grace Kay
2 mins read
Microsoft is laying off 1,900 workers at Activision, Xbox, and ZeniMax
Microsoft Gaming CEO Phil Spencer announced the job cuts in a memo sent to staff, obtained by The V…
Jyoti Mann
1 min read
Goldman Sachs is reportedly planning to lay off hundreds of employees in consumer business
The company's decision to cut jobs comes after chief executive David Solomon announced plans to …
3 mins read
How companies decide who to lay off
There's probably not a lot you can do to get off the layoff chopping block.
Juliana Kaplan
2 mins read
Meta spent billions to close offices and lay people off. Now we know why.
Mark Zuckerberg lost $16 billion on the Metaverse last year, but Meta investors are elated because …
Peter Kafka
1 min read
Fintech unicorn Taxfix lays off 120 employees to cut costs
The job cuts come in the wake of Taxfix recently acquiring a Stuttgart-based start-up Steuerbot, wh…
1 min read
Woman-led edtech unicorn Guild lays off 172 employees
Woman founder-led edtech unicorn Guild has announced to lay off 172 employees, or 12 per cent of it…
1 min read
Walmart lays off hundreds of employees to 'prepare for the future'
Retail giant Walmart is laying off hundreds of employees at its e-commerce facilities across the US…
2 mins read
Nike's incoming CEO will make $27 million — over $2 million less than his predecessor
Elliott Hill, a veteran employee at Nike, is returning to the company. But he'll earn over $2 milli…
Lian Kit Wee
6 mins read
Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce
"I truly regret the impact this will have on you," CEO Niraj Shah told staff in an email.
Grace Dean
1 min read
Home decor company Livspace lays off 100 employees
Home interiors and renovation platform Livspace has laid off at least 100 employees as part of cost…
1 min read
Healthtech platform Practo lays off 41 employees, mostly engineers
The company said in a statement that upholding a high bar for performance and productivity is cruci…
1 min read
91 tech companies lay off over 24,000 employees in Jan to date
The year 2023 began on a bad note for tech workers globally and 91 companies have laid off more tha…
2 mins read
Goldman Sachs has started laying off over 3,000 employees globally
Investment banking giant Goldman Sachs started talking to affected staff members Wednesday, a sourc…
Sindhu Sundar,Grace Dean
1 min read
Logitech lays off 300 employees as computer accessories sales drop
Swiss technology firm Logitech has laid off 300 employees amid the challenging global macro-economi…
2 mins read
Job portal Indeed lays off 2,200 employees, CEO 'heartbroken'
Call it ironic but leading job portal Indeed that helps thousands land their dream jobs has itself …
2 mins read
Etsy is laying off 225 of its workers after 2 years of 'essentially flat' merchandise sales
Etsy CEO Josh Silverman told employees in an email that the company's gross merchandising sales hav…