Layoffs

Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
December 09, 2019  |  Data Dive

The year 2019 is winding down and with it the entire second decade of the 21st century. And while there are still roughly three weeks...

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European Lenders Announce 60K Job Cuts
European Lenders Announce 60K Job Cuts
December 08, 2019  |  International

European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. 7). Lenders...

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Investors Sour On Postmates, Triggering Layoffs
Investors Sour On Postmates, Triggering Layoffs
December 04, 2019  |  Delivery

Food-delivery startup Postmates has laid off dozens of employees and shuttered its Mexico City office, CNBC reported on Tuesday (Dec. 3), citing sources.  Postmates, which...

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WeWork Begins Layoffs Of 20 Pct. Of Workforce
WeWork Begins Layoffs Of 20 Pct. Of Workforce
November 21, 2019  |  Personnel

Co-working office space company WeWork is slashing its worldwide workforce by 20 percent – a total of 2,400 employees – as it strives to revamp...

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WeWork Under Investigation By NY AG
WeWork Under Investigation By NY AG
November 19, 2019  |  Legal

Sources have told Reuters that WeWork is under investigation by the New York State Attorney General (NYAG). While a spokesman for the NYAG declined to...

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WeWork Could Eliminate A Third Of Workforce
WeWork Could Eliminate A Third Of Workforce
November 18, 2019  |  Personnel

WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability. Those layoffs could be announced as early as this...

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WeWork Reveals 90-Day Plan To Turn Company Around
WeWork Reveals 90-Day Plan To Turn Company Around
November 08, 2019  |  Debt

WeWork, the embattled office space company, has revealed a “90-day game plan” that includes huge changes to the company, including the divestiture of all if...

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Deutsche Bank Posts $924M Loss As Restructuring Continues
Deutsche Bank Posts $924M Loss As Restructuring Continues
October 30, 2019  |  Earnings

Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported...

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Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
October 28, 2019  |  Ridesharing

Every journey tends to have speedbumps, and that appears to be the case when it comes to the efforts to bring more digital commerce – and...

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