layoffs

May 9, 2025

CrowdStrike Announces 500 Employee Layoffs Amid AI Shift

CrowdStrike, a leader in cybersecurity software, announced Wednesday that it would lay off 500 employees, representing about 5% of its workforce. CEO George Kurtz attributed the decision to advancements in artificial intelligence

October 23, 2024

Boeing Reports $6.17 Billion Loss in Q3 as Labor Vote Looms

Boeing continues to face a challenging year, with its third-quarter earnings report revealing a net loss of $6.17 billion, adding to a total loss of nearly $8 billion so far in 2024.

November 21, 2024

Weekly Jobless Claims Hit Seven-Month Low Amid Noisy Data Trends

Weekly jobless claims in the U.S. reached a seven-month low last week, as the effects of labor strikes and severe weather have introduced noise into the data over recent months. According to

Moderna to Cut 10% of Workforce Amid Declining Sales

by Jamie Spencer

Vaccine Market Pressures Force Restructuring Moderna announced Thursday that it plans to reduce its global workforce by approximately 10% before the end of the year. The company, which had around 5,800 full-time

July 31, 2025

Intel Shares Plunge After Foundry Strategy Shakeup

by Jamie Spencer

Strong Earnings Overshadowed by Manufacturing Uncertainty Intel’s stock tumbled more than 8% on Friday, despite better-than-expected second-quarter earnings. The sharp decline came as investors reacted to the company’s plan to slash foundry

July 25, 2025

Amazon Cuts Jobs in AWS Amid Refocus on Priorities

by Jamie Spencer

Layoffs Hit Cloud Division After Internal Review Amazon confirmed it is laying off employees within its cloud computing arm, Amazon Web Services (AWS), as part of a restructuring effort aimed at realigning

July 17, 2025

sony-layoffs-at-bend-studio-after-service-concept-canceled

Sony Layoffs at Bend Studio After Live Service Concept Canceled

by Jamie Spencer

Workforce Reduction Follows the Cancellation of Live Service Concept Sony’s Bend Studio, known for its first-party games, has laid off a significant portion of its workforce following the cancellation of a live

June 11, 2025

TD Bank Announces 2% Workforce Layoff to Cut Costs

by Jamie Spencer

TD Bank (TD.TO) revealed Thursday that it will lay off 2% of its workforce, equating to approximately 2,000 employees, as part of a broader restructuring effort. This move aims to reduce costs

May 22, 2025

Microsoft Announces Layoffs Affecting 6,000 Employees

by Jamie Spencer

Microsoft to Lay Off 3% of Workforce Microsoft announced on Tuesday that it will reduce its workforce by 3%, affecting approximately 6,000 employees across various teams, levels, and regions. This is part

May 13, 2025

shopify-ceo-tobi-lütke-pushes-for-ai-driven-workforce-efficiency

Shopify CEO Lütke Pushes AI for Workforce Efficiency

by Jamie Spencer

Shopify’s Bold AI Policy Shifts Workforce Dynamics In a recent memo to employees, Shopify CEO Tobi Lütke introduced a bold policy that could redefine the company’s approach to workforce expansion. Lütke stated

April 7, 2025

Canada’s Employment Decline Reflects Tariff Uncertainty

by Jamie Spencer

Canada’s Job Market Takes a Hit in March Canada’s labor market showed signs of significant stress in March, as total employment fell and the unemployment rate ticked upwards. The country lost a

April 4, 2025

Wall Street Slumps as Tariff Uncertainty Shakes Markets

by Jamie Spencer

The turbulent week on Wall Street continued Thursday as investors reacted to President Donald Trump’s shifting tariff policies. Stocks slid sharply, with businesses and traders struggling to interpret the administration’s latest trade

March 6, 2025

Meta Increases Executive Bonuses Amid Layoffs and Growth

by Jamie Spencer

Executives at Meta are set to receive bigger bonuses this year after the company approved an increase in the target bonus percentage for its annual executive bonus plan. According to a corporate

February 21, 2025

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