Articles for Layoffs Reported

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels
3 months, 2 weeks ago

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels

LA Times  

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling. Economists polled by FactSet expect Friday’s August jobs report to show that the U.S. added 160,000 jobs, up from 114,000 in July, and that the unemployment rate dipped to …

Fed Rate Low Jobless Benefits
Latest layoffs at Meta driven by financial targets, not ’flattening’
1 year, 9 months ago

Latest layoffs at Meta driven by financial targets, not ’flattening’

Live Mint  

In a fresh round of layoffs, Meta Platforms Inc is planning to layoff thousands as soon as this week, Bloomberg News reported on Monday. The new round of job cuts is being driven by financial targets and is separate from the "flattening," the report said, citing people familiar with the matter. Although Meta declined to comment at that time, spokesperson …

Meta
Edtech firm Byju’s lays off nearly 1,500 employees
1 year, 10 months ago

Edtech firm Byju’s lays off nearly 1,500 employees

Live Mint  

Edtech unicorn Byju's has laid off nearly 1,500 employees, in another round of layoffs according to media reports. Byju’s has fired around 1,500 employees citing cost optimization and outsourcing of operations, four people familiar with the matter, told Mint. Byju’s founder and chief executive officer Byju Raveendran in October had assured employees that no further layoffs beyond the planned 2,500 …

Employees Employee Mint Edtech
Microsoft to cut 10,000 jobs as tech layoffs intensify
1 year, 11 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

Microsoft Layoffs Reported Fiscal 2023
Amazon begins mass layoffs, says ‘some roles no longer required’
2 years, 1 month ago

Amazon begins mass layoffs, says ‘some roles no longer required’

Live Mint  

Amazon.com has begun the process of cutting jobs across the company this week, news agency ANI has reported on Wednesday citing US media. On Tuesday, as per AP report, the company had notified regional authorities in California that it would lay off about 260 workers at various facilities that employ data scientists, software engineers and other corporate workers. He said …

Amazon Company Report Roles Mass Layoffs
Here's what new email to Twitter staff says on layoffs, week after Musk takeover
2 years, 1 month ago

Here's what new email to Twitter staff says on layoffs, week after Musk takeover

Hindustan Times  

Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound. witter employees will receive word via email at the start of business Friday, California time, as to what their fate is. A company-wide email seen by AFP says Twitter employees …

Twitter Email