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10 mins read

One of the US's largest racial-justice organizations is slashing its budget and laying off staff after overspending on lavish perks

Documents and interviews show Color of Change spent millions on consultants, flashy offices, events…

Sean Campbell   


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7 mins read

Silicon Valley needs to stop laying off workers and start firing CEOs

Tech CEOs at companies like Facebook, Google, and Amazon screwed up — but it's the laid-off e…

Ed Zitron   


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2 mins read

Unacademy lays off 10% of workforce as funding winter deepens

"Things are getting worse with each passing day. Even though we realised this much earlier and…

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1 min read

Ola likely to lay off nearly 1K employees to ramp up EV plans

As Bhavish Aggarwal-owned Ola is aiming to ramp up its electric vehicle business, the ride-hailing …

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2 mins read

An e-commerce CEO is getting absolutely roasted online for laying off 90% of his support staff, after an AI chatbot outperformed them

Suumit Shah, the CEO of Bengaluru-based Dukaan, said the chatbot answered customer queries in 2 min…

Kai Xiang Teo   


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2 mins read

Netflix lays off 'around 150 employees' across divisions amid slowing growth and subscriber losses

In April, Netflix revealed that it had lost subscribers for the first time in over a decade. Now, t…

Ben Gilbert   


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2 mins read

Businesses really don't want to fire anyone right now - but workers are quitting more than ever

DataTrek's "take this job and shove it" indicator, which looks at how many job separations came fro…

Juliana Kaplan,Andy Kiersz   


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2 mins read

Laying off 200 engineers to 'centralise' operations, clarifies Ola

The company denied sacking 500 employees, adding that it is "centralising operations and is unde…

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2 mins read

Google's parent company Alphabet 'prepares' to lay off 10K employees

Alphabet, Google's parent company, is reportedly gearing up to lay off about 10,000 "poor performin…

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2 mins read

Amazon begins new round of job cuts, lays off over 18,000 people

Amazon has started notifying its employees affected by its new round of layoffs, as a part of its p…

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2 mins read

Microsoft and Robinhood are among the companies lining up to recruit fired Better.com employees: '900 people on the market ... it's a dream'

One of the Better.com employees fired in a now-infamous Zoom call is helping organize a private job…

Hannah Towey,Grace Dean   


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1 min read

Crypto exchange Coinbase to lay off more employees amid FTX saga

The layoffs were announced internally and the company is likely to sack around 60 employees in i…

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3 mins read

DoorDash is laying off 1,250 employees and sounding the alarm on the food delivery industry. 'Today was a wake-up call for DoorDash,' CTO said.

Food delivery giant, DoorDash, says it will continue to search for ways to cut costs after laying o…

Jordan Hart,Nancy Luna   


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2 mins read

It's not just stocks - high bond yields are also laying waste to commodities, currencies, and housing

The consequences of soaring bond yields have become clearer for investors across financial markets.

Filip De Mott   


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1 min read

Elon Musk says laying off 80% of Twitter's staff was 'painful' and 'one of the hardest things' he's had to do as the platform's boss

Musk said Twitter reduced its staff from around 7,800 to 1,500 since he took ownership, and the lay…

Matthew Loh   


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2 mins read

US-based Amdocs to lay off 1,000 employees due to coronavirus: Report

US-based software and communications service provider Amdocs is laying off around 1,000 employees a…

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2 mins read

BlockFi, Crypto.com lay off hundreds as digital coins crash

Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees aft…

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6 mins read

Vans' parent company is laying off 500 employees. Here's the full list of major retailers making cuts, from Gap to Walmart.

Vans' parent company is the latest to lay off employees. Here are the other major retailers that ha…

Avery Hartmans   


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7 mins read

Lucia Moses   


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3 mins read

Posting a TikTok video of yourself getting laid off is good, actually

A trend of young tech workers posting videos of themselves getting the ax over Zoom helps destigmat…

Katie Notopoulos