All assets associated with the tag: layoffs
Spotify is laying off 200 employees from its podcasting unit, amounting to 2% of the audio streaming company’s global workforce.
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.
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 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.
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.
Meta employees in operations, project management, marketing, policy, communications and risk analytics announced on LinkedIn Wednesday morning that they had been laid off.
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 CEO John Stankey outlined a comprehensive list of changes taking place at the communications giant in an interview with Bloomberg News on Tuesday.
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.
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.
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.
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, 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, 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.
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 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 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’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.
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 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.
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 has hundreds of employees based at its headquarters in downtown Raleigh and some 19,000 worldwide.
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…
"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."
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.