News list for " layoffs"
Challenger companies in the United States cut 275,240 jobs in March, compared with 172,017.
Gold fell below $3,000 at one point, the White House reviewed a second round of large-scale layoffs at federal agencies, Putin and Trump agreed to continue to engage if necessary, and the United States is advancing the development of the F-47. What's happening around the world since last Friday?
Economists predict that employment data could start to reflect this trend in the coming weeks as job cuts expand to government contractors. Click to view...
On January 7, Bridgewater, the world's largest hedge fund, cut 7% of its workforce on Monday in an effort to keep the company's organizational structure lean and ensure it can hire top talent flexibly, according to a person familiar with the matter. The cuts affect about 90 employees. The company's current headcount has returned to 2023 levels and will continue to hire selectively, the person said. A spokesperson for Bridgewater said, "For the past three years, Bridgewater has focused on growing...
Bitcoin miner Foundry has laid off 27% of its workforce during a planned restructuring. According to people familiar with the matter, the layoffs include 16% of Foundry's U.S. workforce and some employees of the Indian team. DCG, the parent company of Foundry, which operates Foundry USA, the world's largest bitcoin mining pool, and controls about a third of the market, according to Hashrate Index, has revealed plans to spin off Foundry's self-mining business into a separate entity, but remain un...
Axie Infinity developer Sky Mavis is laying off 21% of its workforce, and according to TechInAsia, the layoffs are expected to affect around 50 of its approximately 250 team members worldwide. "I want to be clear: this decision has nothing to do with the company's budget or financial health," CEO and co-founder Trung Nguyen wrote in an X post on Saturday. "This is a strategic move that allows Sky Mavis to be more focused and positioned for hyper-growth in 2025 and beyond." Nguyen wrote that the ...
On October 29th, according to recent market rumors that China Mobile plans to lay off more than 10% of its workforce, it was learned from China Mobile insiders that the news is not true. The person said that "it is impossible for China Mobile to have such a large-scale layoff."
Cryptocurrency concept stock Beyond Inc. will lay off approximately 20% of its workforce, with layoffs expected to be primarily implemented in the fourth quarter. Robinson, the company's chief product officer (CPO), has been fired without cause, effective October 22, 2024.
On September 12, according to the Wall Street Journal, PwC's US branch is laying off about 1,800 people, accounting for 2.5% of the total number of employees. This is the first official layoff of the company in many years, and it is restructuring its product and technology departments to simplify operations and deal with the decline in demand for certain consulting services. About half of the layoffs are overseas and involve employees from assistants to managing directors, including business ser...
The number of U.S. challenger companies laid off 75,891 in August, compared with the previous value of 25,885.
U.S. employers announced the most job cuts in five months in August, with the tech sector the hardest hit, data showed on Thursday, amid an uncertain outlook for economic growth and persistent cost concerns. Companies announced 75,891 job cuts last month, roughly triple July's figure and the biggest monthly increase in a year, employment consultancy Challenger said. However, the number of job cuts announced so far this year is down 3.7 percent. "The surge in layoffs in August reflects increased ...
ZKsync development company Matter Labs will lay off 16% of its workforce, or 24 employees, in its first layoffs since it was founded six years ago, in an effort to ensure the company has the right roles and people.
According to the Wall Street Journal, Goldman Sachs (GS. N) will cut more than 1,300 jobs, with layoffs expected to affect 3% to 4% of its workforce.
According to the Wall Street Journal, Goldman Sachs' layoffs have already begun and will continue throughout the fall.
