Category: Layoffs and Job Reductions

Remote Workers Face a Lonely Wave of Layoffs

The New York Times – Business:
Angst rippled across laptop screens this month, with dozens of companies announcing layoffs and finding ways to breed extra chaos in the process.
Washington Post Lays Off 20 Journalists

The New York Times – Business:
A further 30 open positions will not be filled. The overall size of the newsroom is expected to return to its current level after The Post makes new hires in the affected departments.
Spotify to Lay Off 6% of Its Work Force

The New York Times – Business:
The audio streaming platform becomes the latest big technology company to cut costs over worries about the economy.
How Big Tech Layoffs Stack Up With the Rest of Their Work Forces

The New York Times – Business:
Some of the biggest tech companies have announced tens of thousands of job cuts. But even after the layoffs, their work forces are still behemoths.
Tech Layoffs Shock Young Workers. The Older People? Not So Much.

The New York Times – Business:
The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
Vox Media to Cut 7 Percent of Workers

The New York Times – Business:
The company, which publishes New York magazine, The Verge and numerous other brands, joins a parade of tech and media companies cutting back staff amid economic uncertainty.
Google Parent Alphabet to Cut 12,000 Jobs

The New York Times – Business:
The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.
Jeff Bezos Visits The Washington Post as Layoffs Loom

The New York Times – Business:
With questions hovering about the financial performance of the news organization, its billionaire owner checked in with senior leaders.
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs

The New York Times – Business:
The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years.
Investors Look to Corporate Reports With Low Expectations

The New York Times – Business:
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.
Goldman Sachs Begins Large Round of Layoffs

The New York Times – Business:
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.
Coinbase Lays Off Another 20% of Employees

The New York Times – Business:
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.