Job Cuts

Tesla On The Cusp Of Massive 20% Job Cuts Amid Fundamental Woes, Stock Slump: Report
Why Shares Of Jack Dorsey's Block Are Surging 14% Premarket Today
BuzzFeed Shares More Than Double Following $108.6M Complex Sale, Plans To Layoff 16% Staff
Why Shares Of Jack Dorsey's Block Are Surging 14% Premarket Today
BuzzFeed Shares More Than Double Following $108.6M Complex Sale, Plans To Layoff 16% Staff
Tech Giants Including Microsoft, Alphabet, PayPal Slashed 34,000 Positions For Generative AI Investment In 2024: Report
Amazon Implements Major Job Cuts In One Medical And Pharmacy Units To Save $100M

Job Cuts Recent News

Tencent's Riot Games To Cut 11% Of Global Workforce, Citing Unsustainable Costs
Riot Games, the developer of popular titles like "League of Legends," will be reducing its staff by 530 employees.
Citigroup Takes Another Round Of Layoffs At Leadership Level As CEO Fraser Addresses Managing Directors: Report
Fraser addressed the managing directors about the bank's extensive overhaul, which includes the elimination of more leadership roles.
AI Could Impact 40% Of Global Jobs, IMF Warns: 'Will Likely Worsen Overall Inequality'
The IMF's Managing Director, Kristalina Georgieva, warned that AI could potentially increase income inequality, depending on how it benefits high earners. Georgieva urged policymakers to mitigate this disturbing trend and prevent AI from heightening social tensions.
Citigroup To Cut 20,000 Jobs In Major Strategic Overhaul, Cites 'Disappointing' Q4
Citigroup Inc. (NYSE: C) has unveiled plans to slash 20,000 jobs. The decision, spearheaded by CEO Jane Fraser, aims to bolster the financial giant's performance, which has been underwhelming recently.
Google's Mysterious Layoff Reportedly Claims Over 1,000 Employees Overnight – What's Happening Behind Closed Doors?
In a major layoff round, Alphabet's Google has reportedly let go of over 1,000 staff members, expanding beyond the hardware team.
Google Layoffs: Hundreds Let Go From Hardware And Voice Assistant Divisions Amid Rising Competition From Microsoft, OpenAI
The Alphabet Workers Union has voiced criticism over the layoffs, pledging to persist in their fight for job security. The Union further emphasized that the company cannot continue to dismiss hardworking employees while earning billions every quarter.
BlackRock Eliminates 600 Jobs, Or 3% Of Staff: 'Our Industry's Changing Faster Than Ever,' CEO Larry Fink Says
BlackRock is experiencing a significant pivot towards Exchange-Traded Funds (ETFs) for both index- and active-investment strategies.
NuScale Power Tightens Belt With Major Staff Cutbacks: Eyes $60M Annual Savings Amid Shift To Commercialization
On Monday, NuScale Power Corp (NYSE: SMR) disclosed workforce 
Embracer Group Announces 5% Workforce Cut: Studio Closures, Project Cancellations
Following the collapse of a major deal, Embracer Group (OTC: THQQF) has confirmed laying off 904 employees, constituting 5% of its workf
Amazon CEO's Cost-Cutting Strategy Boosts Profit Margins To Near-Record Highs
Under the watchful eye of CEO Andy Jassy, Amazon Inc. has seen its profit margins nearing record highs.
Layoffs At Qualcomm: Over 1200 Positions On Chopping Block As Smartphone Chip Demand Takes A Dive
In the face of dwindling demand for its core product, smartphone chip manufacturing giant Qualcomm Inc. has declared sizable job reductions.
Mark Zuckerberg's Confidential 2010 Email Demanded A Facebook Employee 'Resign Immediately' After 'An Act Of Betrayal' Against Company; Worker Was Warned To Leave Or 'We Will Almost Certainly Find Out Who You Are Anyway'
A potential return-to-work mandate from Meta Platforms (NASDAQ: META) is signaling the possibility of further employee exits from the social media giant, as major tech companies grapple with finding the equilibrium between remote and
GM, Ford Supplier To Slash 8,000 Jobs In Cost-Cutting Efforts
Automotive safety supplier Autoliv Inc (NYSE:ALV) said on Thursday that it will reduce both its direct and indirect workforce by about 11% in an attempt to cut costs.
Disney's Pixar Trims Workforce By 75: Is Lightyear's Box Office Disappointment To Blame?
Pixar Animation Studios, a subsidiary of The Walt Disney Company (NYSE: DIS), has recently undergone significant restructuring, resulting in the elimination of 75 p
Gaming Industry Layoffs Continue: SEGA's Relic Entertainment Announces 121 Job Cuts
Relic Entertainment Inc., the Canadian video game developer owned by Sega Sammy Holdings Inc. (OTC: SGAMY), announced the layoff of 121 employees.
BT To Cut 55,000 Jobs, CEO Says Many Will Likely Be Replaced By Digitization And Automation: 'We Will Be A Beneficiary Of AI Unequivocally'
On Thursday, Britain's mobile provider BT Group announced that it plans to cut as many as 55,000 jobs by 2030. 
Rise Of The Machines? IBM Eyes Replacing 7,800 'Non-Customer-Facing' Jobs With AI
Meta Platforms Q1 Earnings Preview: Job Cuts, AI Shift, Metaverse And More
Technology and social media giant Meta Platforms (NASDAQ: META) is set to report first-quarter financial results after market close Wednesday. Here are the key earnings expectations from analysts and what the big items are to watch.
Disney Cuts 300 Streaming Jobs In China Amid Broader Overhaul: Report
Walt Disney Co.’s (NYSE: DIS) streaming business has seen workforce reduction amid the company’s broader overhaul efforts to boost prof
Meta Plans More Layoffs In Key Projects, Likely To Match Job Cut Numbers From 2022: Report
Meta Platforms Inc (NASDAQ: META) is planning more job cuts in several rounds over the coming months. 
While US Tech Companies Cut Jobs In Droves, This Asian Automaker Announces Biggest Wage Hike In 20 Years
Japanese automaker Toyota Motor Corp. (NYSE: TM) has agreed to provide the largest wage hike to employees in 20 years.
Goldman Sachs CEO Tells Partners He Erred By Not Trimming Jobs Earlier: FT
Goldman Sachs Group Inc (NYSE:GS) CEO David Solomon reportedly told a private gathering of the bank's top executives he had erred by not trimming jobs earlier in 2022.
Would You Work For Elon Musk At Twitter? 69% Of Benzinga Followers Say...
Since taking over social media platform Twitter, job cuts and working for Elon Musk have been popular topics.