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Job cuts are continuing into 2025 following waves of reductions last year. Companies such as Meta, Microsoft, BlackRock, and BP are conducting layoffs. See the list of companies letting workers go ...
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop. Cargill is America’s largest privately held company ...
Layoffs remain depressed, hiring remains firm.Employers laid off 1.63 million people in October. While challenging for all those affected, this figure represents just 1.0% of total employment.
In January 2022, the company had 73,541 global employees, so the layoffs could involve about 7,300 employees. The layoffs are expected to begin in the coming weeks. Fritz Jorgensen/istockphoto
Meta kicked off 2025 with big changes following a big year for the company. In the first weeks of January, it overhauled its content moderation system, nixed DEI programs, and announced layoffs.
According to data crunched by Warn Tracker and layoffs.fyi, so far this year companies laid off more than 30,000 employees. So far, in 2024, data shows the tech industry announced the biggest layoffs.
The layoffs will result in annualized cost savings of around $200 million by the end of September 2025. "As we carry out our plan, it's important to bear in mind why we're making these difficult ...