April 7, 2026
“Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday’s premarket.… Continue Reading…
February 5, 2025
“The Central Intelligence Agency offered buyouts to its entire workforce Tuesday, in what officials said is a bid to bring the agency in line with President Trump’s priorities, including targeting drug cartels. The CIA appeared to be the first intelligence… Continue Reading…
January 9, 2025
“Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey showed Wednesday. Out of hundreds of large companies surveyed around the world, 77% also said… Continue Reading…
August 22, 2024
“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…
April 15, 2024
“Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down around 3% on Monday morning… Tesla shares have taken a bruising in recent months, falling… Continue Reading…
February 29, 2024
“Sony Interactive Entertainment on Tuesday said it will lay off about 900 employees in its PlayStation unit, or 8% of its global workforce, becoming the latest technology company to announce headcount trims… He added that employees across all of the company’s… Continue Reading…
February 26, 2024
“…It’s the latest tech company to downsize in 2024, as the industry continues to squeeze out costs following the market downturn that hit two years ago. January was the busiest month for job cuts in the industry since March, as Alphabet, Amazon,… Continue Reading…
January 23, 2024
“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it… Continue Reading…
December 18, 2023
“General Motors’ Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC. The layoffs, which primarily affected commercial operations and related corporate functions, are the latest turmoil for the… Continue Reading…
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