Layoffs

Startups Slash Jobs as Funding Rounds Become Rare
Startups Slash Jobs as Funding Rounds Become Rare
December 14, 2023  |  Startups

A dearth of new funding rounds has reportedly triggered a wave of startup layoffs. This year saw more than 250,000 tech workers lose their jobs,...

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Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
December 11, 2023  |  Retail

Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job...

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Navan Lays Off 145 Employees to Accelerate Move to Profitability
Navan Lays Off 145 Employees to Accelerate Move to Profitability
December 05, 2023  |  Spend Management

Corporate travel and expense management startup Navan has laid off 145 people. The layoffs — 5% of the company’s staff — are part of a restructuring, TechCrunch...

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Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
December 05, 2023  |  Banking

Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. The price tag for those layoffs could come to between $750 million and just...

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Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big’
Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big’
December 04, 2023  |  Personnel

Spotify is laying off 17% of its workforce as the streaming audio platform tries to cut costs. “The Spotify of tomorrow must be defined by...

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TD Bank to Cut 3% of Workforce
TD Bank to Cut 3% of Workforce
November 30, 2023  |  Banking

Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce. The job cuts will be implemented...

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Money Transfer Service Zepz Cuts 2% of Staff
Money Transfer Service Zepz Cuts 2% of Staff
November 30, 2023  |  Business

British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report...

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Presto Cuts 17% of Staff as Restaurant Customers Reject Impersonal Experiences
Presto Cuts 17% of Staff as Restaurant Customers Reject Impersonal Experiences
November 21, 2023  |  ResTech

As Presto sees declines in its on-premise technologies amid shifts in consumers’ digital dining expectations, the company is making major layoffs and reinvesting in its...

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Amazon to Cut Jobs in Alexa Division, Focus on Generative AI
Amazon to Cut Jobs in Alexa Division, Focus on Generative AI
November 17, 2023  |  Amazon

Amazon is reportedly set to make hundreds of job cuts in its Alexa division. The move is part of the company’s efforts to focus on...

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