Layoffs

More Federal Reserve Districts Report Flat or Declining Economic Activity
More Federal Reserve Districts Report Flat or Declining Economic Activity
September 04, 2024  |  Economy

The number of Federal Reserve districts reporting flat or declining economic activity rose from five in July to nine in August. Only three of the 12...

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Goldman Sachs Begins Layoffs as Part of Annual Review Process
Goldman Sachs Begins Layoffs as Part of Annual Review Process
August 30, 2024  |  Personnel

Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part...

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Apple Reportedly Cutting 100 Jobs in Crucial Services Division
Apple Reportedly Cutting 100 Jobs in Crucial Services Division
August 28, 2024  |  Apple

Apple is reportedly eliminating around 100 jobs in its crucial digital services division. The cuts are part of a shift in priorities for the unit,...

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Tech Layoffs Reach 132,000 8 Months Into 2024
Tech Layoffs Reach 132,000 8 Months Into 2024
August 18, 2024  |  Technology

This year is shaping up to be a painful one for people working in tech. As Seeking Alpha noted in a report Sunday (Aug. 18),...

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Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas
Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas
August 16, 2024  |  Personnel

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this...

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Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing
Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing
July 19, 2024  |  Personnel

Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it reorients its business toward technology licensing. The company’s cuts included its...

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Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs
Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs
July 15, 2024  |  Personnel

Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles earlier this year. The latest cuts are part of the company’s ongoing effort to...

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AI’s Rise Helps Fuel Uptick in Tech Layoffs
AI’s Rise Helps Fuel Uptick in Tech Layoffs
July 14, 2024  |  artificial intelligence

Artificial intelligence (AI) is playing a role in recent tech sector job cuts. Layoffs in the tech industry for the year exceeded 100,000 as of...

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Report: CNN Cutting 100 Jobs as It Prepares Subscription Product
Report: CNN Cutting 100 Jobs as It Prepares Subscription Product
July 10, 2024  |  Streaming

CNN is reportedly cutting about 100 jobs as it prepares its new CNN.com subscription product. That’s according to a Wednesday (July 10) report by The Wall Street Journal...

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