[ad_1] Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as …
Read More »Tag Archives: Layoffs
Companies — profitable or not — make 2024 the year of cost cuts
[ad_1] Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that …
Read More »Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring
[ad_1] A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The …
Read More »Cisco Likely To Slash Thousands Of Jobs Next Week: Report
[ad_1] Cisco last year issued layoff notices to nearly 4,000 employees, as the company rolled out efforts to “rebalance” and cut costs. [ad_2] Source link
Read More »Tech’s longtime highfliers are growing up by getting smaller
[ad_1] Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday …
Read More »Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring
[ad_1] Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday as it said it expected weaker sales this …
Read More »Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year Reports Claim
[ad_1] New Year: As per a report published by professional outplacement firm Challenger, Gray and Christmas revealed that US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022. Companies like Meta and Amazon, high-profile tech companies, slashed jobs last year. The report …
Read More »Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
[ad_1] 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 announced Friday. The company plans to lay off …
Read More »Amazon To Layoff Hundreds Of Employees In Prime Video, Studios Verticals
[ad_1] Amazon plans significant layoffs in Prime Video and MGM Studios in the U.S., aiming to refocus streaming investments. [ad_2] Source link
Read More »Entire Workforce Laid Off By THIS Startup; CEO Message Unveiled In 2 Minute Google Meet Call
[ad_1] New Delhi: Frontdesk, a proptech startup overseeing more than 1,000 furnished apartments across the United States, terminated its entire staff of 200 on Tuesday due to unsuccessful attempts of securing additional capital, as reported by sources to TechCrunch. On Tuesday afternoon, Frontdesk CEO Jesse DePinto reportedly fired all …
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