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Microsoft, the third biggest company in the world, is laying off a lot of people, according to a report by Axios. Precisely how many people are being put out of work is unclear. Axios’s source ...
The JOLTS report or Job Openings and Labor Turnover Survey is a report from the Bureau of Labor Statistics measuring employment, layoffs, job openings, and quits in the United States economy. The report is released monthly and usually a month after the jobs report for the same reference period. Job separations are broken down into three ...
Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs would have been even lower last month ...
The below charts from Battery Ventures sheds light on why household name tech companies are trimming the fat — and how many are doing so. Chart 1: Valuation has compressed across software stocks ...
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes.
Pixar also unleashed a wave of layoffs ten days prior, letting go of 175 employees or 14% of its staff. Among the prominent executives affected is Les Eisner, longtime senior VP of corporate ...
The holiday season and company layoffs go hand in hand. As the holidays draw closer, companies are facing lower consumer confidence and are thus evaluating plans for the 2023 fiscal year. See: 95%...
Wells Fargo’s continued layoffs come as no surprise. The San Francisco-based bank's CEO, Charlie Scharf, announced in late 2023 that the company was anticipating severance costs of nearly $1 ...