Layoffs

Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
June 26, 2023  |  Personal Finance

Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading...

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Grab Prepares for Layoffs Amid Slowing Growth
Grab Prepares for Layoffs Amid Slowing Growth
June 20, 2023  |  News

Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it...

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Report: Binance.US Cuts Jobs Following SEC Charges
Report: Binance.US Cuts Jobs Following SEC Charges
June 16, 2023  |  Cryptocurrency

Binance.US has reportedly laid off about 50 people in the wake of recent regulatory action. The job cuts, reported Friday (June 16) by Reuters, came...

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Unemployment Claims Hit Highest Level Since October 2021
Unemployment Claims Hit Highest Level Since October 2021
June 08, 2023  |  Economy

U.S. unemployment claims reached an almost two-year high last week amid ongoing layoffs. Figures released Thursday (June 8) by the Department of Labor showed initial...

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Coupa Software Cutting Jobs as Part of ‘Company Reset Strategy’
Coupa Software Cutting Jobs as Part of ‘Company Reset Strategy’
May 31, 2023  |  Spend Management

Coupa Software is cutting an undisclosed number of jobs as part of a “company reset strategy.” The job reductions at the business spend management company...

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Goldman Sachs to Cut Fewer Than 250 Jobs During Investment Banking Slump
Goldman Sachs to Cut Fewer Than 250 Jobs During Investment Banking Slump
May 30, 2023  |  Market Conditions

Goldman Sachs Group will be cutting fewer than 250 jobs across a range of roles. The move could be made within weeks and is the third...

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Report: Meta Begins Last Round of Planned Layoffs
Report: Meta Begins Last Round of Planned Layoffs
May 24, 2023  |  Meta

Meta Platforms has reportedly commenced the last of a three-part series of job cuts. That’s according to a Wednesday (May 24) report by Reuters, citing...

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LinkedIn Cuts Staff and Shutters China-Focused Job Site
LinkedIn Cuts Staff and Shutters China-Focused Job Site
May 09, 2023  |  Economy

LinkedIn will shut down its Chinese jobs app and cut 716 positions amid slowing growth. The changes, announced in a letter to employees Monday (May...

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Shopify Cuts 20% of Staff After Sale of Logistics Unit
Shopify Cuts 20% of Staff After Sale of Logistics Unit
May 04, 2023  |  Personnel

Shopify is letting go more than 2,000 workers amid a renewed focus on eCommerce. The company announced Thursday (May 4) that it was reducing the size of...

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