With questions hovering about the financial performance of the news organization, its billionaire owner checked in with senior leaders.
Category: Layoffs and Job Reductions
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Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years.
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Investors Look to Corporate Reports With Low Expectations
As companies prepare to publish their latest financial results, Wall Street forecasters expect profits to fall for the first time since the early days of the pandemic.
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Goldman Sachs Begins Large Round of Layoffs
The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it faces economic challenges and cuts costs after an expensive foray into consumer lending.
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Coinbase Lays Off Another 20% of Employees
The cuts at the cryptocurrency exchange come after nearly a fifth of employees were let go in June, as crypto markets teeter and tech companies rethink their growth plans.
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The Week in Business: Slowing Job Growth
Sam Bankman-Fried, the disgraced cryptocurrency executive, pleads not guilty to an array of charges. A bumpy road ahead for Tesla. And the latest inflation figures are coming out.
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A slowing job market poses risks for those who’ve been out of work for a while.
The number of people receiving unemployment benefits has been rising, even as new claims remain low.
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Why Bed Bath & Beyond Is Weighing Bankruptcy
Dreary holiday season sales failed to help solve the struggling retailer’s financial woes, leaving the company with few options.
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Even a Soft Landing for the Economy May Be Uneven
Small businesses and lower-income families could feel pinched in the months ahead whether or not a recession is avoided this year.
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Amazon Expands Corporate Layoffs to 18,000 Jobs
The layoffs will focus on human resources and its retail division, Amazon’s chief executive said in an email to employees.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Labor Market Strength Persisted Heading Into the Holidays
Government data from November showed job openings remained high, with rates of quitting and layoffs holding steady.