Layoffs

BigCommerce Cuts Staff Amid eCommerce Headwinds
BigCommerce Cuts Staff Amid eCommerce Headwinds
November 08, 2023  |  eCommerce

BigCommerce says it expects the “headwinds” plaguing its industry to persist into 2024. In order to maintain growth and improve its go-to-market approach in that...

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Citigroup Reorganization Could Include Layoffs of 10%
Citigroup Reorganization Could Include Layoffs of 10%
November 06, 2023  |  Personnel

Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house...

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Maersk Cuts Another 3,500 Jobs Amid Shipping Industry’s ‘New Normal’
Maersk Cuts Another 3,500 Jobs Amid Shipping Industry’s ‘New Normal’
November 03, 2023  |  Shipping

Maersk is eliminating another 3,500 positions after having reduced its headcount by 6,500 throughout the year. The Copenhagen-based shipping company announced this move while reporting its...

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Supply Chain Tech Startups Seek Alternatives as VC Funding Slows
Supply Chain Tech Startups Seek Alternatives as VC Funding Slows
November 02, 2023  |  Startups

Supply chain technology startups are reportedly facing a challenging environment as venture capital (VC) firms reduce funding for these companies. The decline in investor support,...

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Continuing Unemployment Claims Creep Up As Layoffs Mount
Continuing Unemployment Claims Creep Up As Layoffs Mount
November 02, 2023  |  Economy

Jobless Americans might be having trouble finding work, according to new unemployment data. Figures released Thursday (Nov. 2) by the Labor Department showed that continuing jobless claims —...

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Panera Bread Cuts Corporate Staff Ahead of Parent Company’s Planned IPO
Panera Bread Cuts Corporate Staff Ahead of Parent Company’s Planned IPO
November 01, 2023  |  Personnel

Panera Bread is reportedly making significant changes to its corporate structure as its parent company Panera Brands prepares for an initial public offering (IPO). The...

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1 in 5 Consumers Cite Job Loss as Reason for Depleting Savings
1 in 5 Consumers Cite Job Loss as Reason for Depleting Savings
October 30, 2023  |  Consumer Insights

Despite a decline in inflation rates, living paycheck to paycheck remains the predominant lifestyle for a significant portion of Americans.  This financial tightrope is not limited to those with...

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Barclays Will Cut 3% of U.S. Consumer Banking Staff
Barclays Will Cut 3% of U.S. Consumer Banking Staff
October 25, 2023  |  Personnel

Barclays is shrinking its U.S. consumer banking division as it looks to lower costs.  “We recently streamlined and simplified our U.S. Consumer Bank operating model,...

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Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
October 19, 2023  |  Banking

Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the...

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