Layoffs Coverage

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Layoffs hit Spotify's podcasting unit in 'realingment'

Spotify is laying off 200 employees from its podcasting unit, amounting to 2% of the audio streaming company’s global workforce.

Recruiters looking for jobs themselves: ZipRecruiter to cut 20% of its staff

Fewer employers looking for workers means 270 employees at job search site ZipRecruiter will soon be out of a job. The company is cutting 20% of its staff by the end of this month.

Durham pharma Novan slashes 50% of workforce, mulls sale of assets

Drug development firm Novan is cutting 50% of its workforce - 39 employees - and is looking to sell or license some of its product lines.

Lenovo President Vlad Rozanovich discusses hurdles tech industry faces

Lenovo is forecasting growth in the second half of this year - as much of the tech industry faces hurdles, with many laying off employees. Vlad Rozanovich, the president of Lenovo North America, discussed these new numbers and what it means for the tech sector.

Silicon Valley Bank layoffs were a 'had to make' right size decision, First Citizens says

First Citizens Bank has laid off some 500 workers at Silicon Valley Bank, which the Raleigh based company recently acquired after it was seized by federal regulators, multiple media reports say.

Layoffs hit Meta business groups - employees disclose cuts via LinkedIn

Meta employees in operations, project management, marketing, policy, communications and risk analytics announced on LinkedIn Wednesday morning that they had been laid off.

Telecom giant BT to reduce workforce by 55,000, joining Vodafone, AT&T in making big cuts

U.K. telecom company BT Group said Thursday that it plans to shed up to 55,000 jobs by the end of the decade as part of an overhaul aimed at slimming down its workforce to slash costs.

AT&T's CEO: Workforce to keep shrinking (15,000), managers must come back to office

AT&T CEO John Stankey outlined a comprehensive list of changes taking place at the communications giant in an interview with Bloomberg News on Tuesday.

Telecom giant Vodafone to lay off 11,000 workers

Vodafone said Tuesday it would cut 11,000 jobs over three years, as the telecom company unveiled a turnaround plan to revive its fortunes following years of poor performance.

Why a Durham ad agency startup shut down - in CEO'S own words

Method Savvy, a four-year-old ad agency, shut down in Durham last week and on Sunday the founder as well as CEO, took to LinkedIn to explain what happened.

More digital media woes: Vice Media files for bankruptcy, plans to be sold

Vice Media filed for Chapter 11 bankruptcy protection Monday to facilitate a sale of the company and safeguard its future, according to court documents and a statement from the struggling media group.

Digital media woes mount: MTV News is latest to slash workforce

A major Paramount division announced this week it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network's news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents.

Shutterfly closing former Spoonflower operation in Durham, to lay off 108 workers

Shutterfly, a provider of personalized products and custom design such as photo books, is shutting its Durham operation, according to a layoff notice filed with the state of North Carolina Department of Commerce.

LinkedIn cutting hundreds of jobs, shutting China app in 'challenging times'

LinkedIn, the world's largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company announced.

Layoffs hit Shopify; e-commerce company also abandons logistics efforts

Shopify, the e-commerce company viewed as a growing competitor to Amazon, is selling the two biggest pieces of its fulfillment network and abandoning its logistics ambitions.

Tuesday Morning follows Bed Bath & Beyond in closing all its stores

Tuesday Morning is going out of business and closing all of its stores. It is the second major US home goods retailer to go bust in recent days. According to its website the company has fewer than 10 stores remaining in North Carolina.

SAS to close some international offices, making selective hires in prepping for stock offering

SAS will be closing several international offices affecting some 250 employees and is hiring to fill positions "critical to our business" given the "possibility of a recession ahead of us," according to an executive for the privately held software company. The moves are made as part of a plan to offer a limited number of shares in a public offering next year, according to a statement provided to WRAL TechWire.

Red Hat layoffs trigger ‘black anger,’ call for employees to unionize

Red Hat’s decision to lay off 4% – some 800 people – of its staff has ignited calls for employees to unionize, according to international tech news site The Register and a union in France which says the job cuts triggered “black anger” within the company.

Layoffs in US keep climbing; Red Hat, Lyft, Gap among latest to join job cut list

Red Hat, Vice, Gap, BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. They join a growing list of companies cutting back on their workforce this year amid concerns about economic uncertainty, as well as the need to rightsize after going on a hiring spree during the pandemic. Here's an update.

3M, which has big plant in Pittsboro, is cutting thousands of jobs

3M, which operates a plant in Pittsboro, announced significant layoffs Tuesday as part of yet another major restructuring plan as the manufacturing sector prepares for a possible recession and slumping demand for goods.

Moving to save billions, Disney is laying off thousands

The latest round of job cuts will impact ESPN, Disney's entertainment division, Disney Parks, and its Experiences and Product division as part of a larger workforce reduction plan announced in February by chief executive Bob Iger in an aim to save $5.5 billion in costs

Red Hat joins list of tech companies to cut jobs

Red Hat has hundreds of employees based at its headquarters in downtown Raleigh and some 19,000 worldwide.

Red Hat CEO warns Hatters: 'Required change in the work we all do' & 'cultural change' are coming

Note: The Skinny blog is written by Rick Smith, editor and co-founder of WRAL TechWire, which launched as Local TechWire in 2002. Smith first wrote about Red Hat shortly after the company opened a headquarters in Research Triangle Park nearly 30 years ago. +++ RALEIGH - As sobering as the email from CEO Matt Hicks…

Red Hat cutting hundreds of jobs, CEO says in letter to employees

"We will reduce the associate base of Red Hat over the next few weeks," CEO Matt Hicks wrote in the email. He said the layoffs would be "just under 4% in total."

'Faster, flatter' Lyft is coming: Employees await word on reported 30% of cut in staff

What a weekend for workers at Lyft. The company plans to "significantly reduce" its workforce, the company's new CEO David Risher has told employees, in another round of layoffs as it struggles to turn a profit and pull off a turnaround. The news came at end of his first week as Lyft's CEO.