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Tagged Under: mass layoff
12/15/2023 / By Ethan Huff
McDonald's is going human-less in an effort to keep its top executives handsomely paid and its lower-level store employees, well, obsolete.
In a...
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09/20/2023 / By Belle Carter
East Coast’s largest groundfish company files for bankruptcy, lays off workers with no severance pay
East Coast's largest groundfish company has filed for bankruptcy, according to records in U.S. federal court in Delaware, leaving employees without a...
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04/28/2023 / By News Editors
The biggest companies in the United States are giving the axe to hundreds of thousands of workers, but this should not come as a shock to any of...
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03/29/2023 / By News Editors
The collapse of the woke tech industry continues to accelerate this month with numerous companies announcing major layoffs and some of them on the...
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03/17/2023 / By Oliver Young
Meta CEO Mark Zuckerberg has touted 2023 as the company's "year of efficiency." That means more employees are on the chopping block.
On Tuesday,...
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02/07/2023 / By Belle Carter
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as...
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02/03/2023 / By Belle Carter
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees.
"While we have made substantial progress...
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02/02/2023 / By Belle Carter
Many Big Tech companies have undergone massive retrenchment of employees, with analysts and industry experts pinning the blame on incorrect...
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01/20/2023 / By Arsenio Toledo
American transportation and logistics giant Ryder System Inc, commonly known as Ryder, has announced that it will be laying off 801 employees after...
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01/11/2023 / By Arsenio Toledo
Coinbase is once again slashing its workforce in response to the ongoing downturn in the cryptocurrency industry.
The publicly traded...
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11/17/2022 / By Arsenio Toledo
Transportation giant FedEx's less-than-truckload delivery division, FedEx Freight, has announced that it will start furloughing an unannounced number...
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09/06/2022 / By News Editors
If you knew for certain that we were about to plunge into another massive economic downturn like we experienced during the “Great Recession”, how...
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08/24/2022 / By Arsenio Toledo
A survey has found that around 50 percent of all employers in the United States will eliminate jobs within the next 12 months.
The survey was...
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08/09/2022 / By Belle Carter
The New York State Department of Financial Services (NYDFS) has issued a $30 million fine on Robinhood's crypto division over anti-money laundering...
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08/05/2022 / By News Editors
When the economy slows down, layoffs inevitably happen. We witnessed this on a very large scale in 2008 and 2009, and now it is happening again. ...
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08/03/2022 / By Arsenio Toledo
Robinhood fired nearly a quarter of its employees a day before the company reported dismal quarterly earnings due to the collapse of cryptocurrency...
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07/15/2022 / By Kevin Hughes
Mortgage lender LoanDepot is set to sack another 2,000 employees by the end of the year as the company cuts back "to align with rapidly changing...
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