New York CNN — Amazon is cutting 9,000 more jobs, CEO Andy Jassy announced Monday in a memo to staff. Read moreIn Epic vs. Apple Court Fight, a Win for…
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Retailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers
As many of America’s best-known retailers reported better-than-expected quarterly earnings this week, buoyed by shoppers who continued to spend through stubbornly high inflation, they all seemed to arrive at the…
In Latest Round of Job Cuts, Twitter Is Said to Lay Off at Least 200 Employees
Twitter laid off at least 200 of its employees on Saturday night, three people familiar with the matter said, or about 10 percent of the roughly 2,000 who were still…
Yahoo to lay off 20% of its workforce
CNN — Yahoo said Thursday that it will cut 20% of its total workforce by the end of this year as it restructures its advertising unit, just the latest example…
Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants
Zoom, the videoconferencing giant that grew rapidly during the pandemic, said on Tuesday that it was laying off 15 percent of its work force, or about 1,300 employees, becoming the…
Dell to lay off 5% of its workforce
CNN — Dell plans to lay off roughly 5% of its workforce, the company said in a regulatory filing Monday, in the latest example of tech companies cutting costs in…
Spotify to Lay Off 6% of Its Work Force
Spotify, the audio streaming platform, is laying off 6 percent of its work force, or about 600 employees, joining a growing list of big tech companies that are cutting costs…
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
Microsoft on Wednesday became the latest addition to a growing list of big technology companies that have announced plans to lay off employees because of overhiring during the pandemic and…
Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
Salesforce, the business software giant, said on Wednesday that it planned to lay off 10 percent of its work force, or about 8,000 employees, and scale back office space because…