Tag Archives: Layoffs

[ad_1] New York CNN  —  Just this week, Alphabet, Google’s parent company, Microsoft (MSFT) and Vox Media announced layoffs that will affect more than 22,000 workers. Their moves follow on the heels of job cuts earlier this month at Amazon, Goldman Sachs and Salesforce. More companies are expected to do …

[ad_1] New York CNN  —  The pandemic has transformed work over the past three years in ways few expected. It normalized remote work, created a shortage of critical workers and drove home to organizations that employees’ mental health and need for a sane work-life balance are critical to retention and …

[ad_1] Minneapolis CNN  —  When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling. Southwest Airlines received more than $7 billion from that program. …

[ad_1] CNN  —  Sunday officially marks one month since the world’s richest man took the helm at Twitter. In that time, Elon Musk initiated mass layoffs and gave remaining staffers a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched – then punted – …

[ad_1] Disney (DIS) is planning to freeze hiring and cut some jobs as it strives to move the Disney (DIS)+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying …

[ad_1] New York CNN  —  Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed …

[ad_1] New York CNN Business  —  Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and …

[ad_1] CNN Business  —  For years, Twitter has been a leader in countering misinformation and protecting elections. It was often ahead of its peers in creating and enforcing new policies, and it was the first major platform to ban former President Donald Trump after the Capitol insurrection, pushing others to …

[ad_1] CNN Business  —  Elon Musk will begin laying off Twitter employees on Friday morning, according to a memo sent to staff, as several Twitter employees file a class action lawsuit alleging the layoffs are in violation of labor law. The email sent Thursday evening notified employees that they will …

[ad_1] New York CNN Business  —  “Unsettling.” That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on Wednesday when network boss Chris Licht candidly informed them that sweeping changes are imminent. In other words, brace for layoffs by the end of the year. Licht, …