Layoffs

Report: Snapchat Cuts Dozens of Jobs With More Layoffs Planned
Report: Snapchat Cuts Dozens of Jobs With More Layoffs Planned
February 04, 2024  |  Social Commerce

Snapchat parent Snap has reportedly laid off workers with more job cuts to come. The social media platform cut several dozen staff members last week, Business Insider reported Saturday (Feb....

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Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
February 02, 2024  |  Business

Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to...

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Zoom Cuts 2% of Workforce, Continues Hiring for Some Roles
Zoom Cuts 2% of Workforce, Continues Hiring for Some Roles
February 01, 2024  |  Economy

Zoom Video Communications cut about 150 jobs, or less than 2% of its workforce, this week. At the same time, the company will continue hiring...

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Financial Sector Job Cuts in January Highest Since September 2018
Financial Sector Job Cuts in January Highest Since September 2018
February 01, 2024  |  Economy

Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month...

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Report: Block Aims to Reduce Workforce to 12,000 This Year
Report: Block Aims to Reduce Workforce to 12,000 This Year
January 30, 2024  |  Digital Payments

Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees. The company announced that...

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US Job Openings Flat as Fewer Workers Quit
US Job Openings Flat as Fewer Workers Quit
January 30, 2024  |  Economy

If you’re hesitating about leaving your job, you aren’t alone these days. Data released Tuesday (Jan. 30) in the U.S. Bureau of Labor Statistics’ monthly Job...

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PayPal to Cut Workforce by 9%
PayPal to Cut Workforce by 9%
January 30, 2024  |  Digital Payments

PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and...

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UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing’ 2023
UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing’ 2023
January 30, 2024  |  Earnings

UPS is cutting jobs and considering selling one of its businesses as shipping volumes decline. The shipping giant will eliminate 12,000 positions — chiefly full-time and part-time...

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Logistics Startups Slash Jobs as Freight Volumes Drop
Logistics Startups Slash Jobs as Freight Volumes Drop
January 29, 2024  |  Transportation

Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the...

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