From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
1 year, 2 months ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline — and that trend has been worsening.” While REI was able to outperform this for much of last year, he said, this trend caught up to the company in the fourth quarter, and difficult conditions are expected in 2024. The video streaming platform’s CEO Dan Clancy said in an email to employees that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business.” Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce. In a memo sent to employees, Audible CEO Bob Carrigan said that the company is in good shape, but faces an “increasingly challenging landscape.” In addition, Amazon’s Prime Video and MGM Studios unit, is trimming hundreds of employees as it cuts back in areas that are not delivering.

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