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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 ...
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.
Workday is cutting about 1,750 jobs, or 8.5% of its workforce. In a Wednesday memo to employees, published in a securities filing, Workday CEO Carl Eschenbach said the layoffs were necessary for ...
Workday CEO Carl Eschenbach said the layoffs are necessary to prioritize investments such as artificial intelligence, while also freeing up resources to expand the company's presence in different ...
The big tech and mortgage industries were the first to sound the alarm, with layoffs announced in early 2022, and banks, retailers, and media companies have followed suit.
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 ...
The company suspended its full fiscal year 2025 guidance to allow "ample opportunity to assess the business and solidify key strategies" in the turnaround attempt, CFO Rachel Ruggeri told ...
Real estate analytics company CoStar and global travel data firm Tourism Economics in November downgraded their 2025 outlook for room revenue growth to 1.8% from 2.6%.