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Layoffs
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Crypto bank Anchorage Digital reportedly cuts 17% of its workforce
Crypto bank Anchorage Digital, valued at $4.2 billion, has reportedly cut 17% of its workforce. The reported cuts come as the company expands its institutional footprint.
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Nike forecasts revenue decline and plans job cuts
The US sneaker and sportswear group expects revenue to decline in the coming year and will cut jobs as part of its turnaround plan, which also includes opening an India campus.
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U.S. planned layoffs plunged in September, marking the lowest level for the month since 2022.
U.S. employers announced 43,281 job cuts in September, an 18% decrease from the previous month and the lowest September total since 2022, according to the Challenger Gray report. Year-to-date layoffs
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BMW to cut over 100 managers to accelerate cost-cutting
The German carmaker is bracing for years of subdued profits amid plunging sales in China and US tariffs.
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Workday to lay off 2.5% of its workforce, primarily impacting product and technology teams.
Workday will reduce its workforce by approximately 2.5%, primarily within its product and technology teams, and will also downsize some office space. This restructuring is expected to incur charges of
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Disney lays off several hundred employees, primarily in HR and IT, marking its third round of job cuts this year amid broader cost-cutting efforts.
The latest reductions follow roughly 1,000 layoffs in April and several hundred more in July across Pixar, ESPN, television, and studios. Disney also offered executives early-retirement packages in Au
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Legal & General plans to cut 10% of its global workforce, about 1,000 jobs, by mid-2027
Legal & General Group plans to lay off 10% of its employees by the middle of next year, amounting to around 1,000 job losses, as part of a broader restructuring by Chief Executive Officer Antonio Simo
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German industrial services giant Bilfinger cuts outlook, blames Iran conflict, and may cut 1,500 jobs
German industrial services giant Bilfinger cuts outlook, blames Iran conflict, and may cut 1,500 jobs
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Oracle expands 2026 layoff plan by $700 million, bringing total estimated cost to $2.8 billion amid AI data center buildout
Oracle disclosed in a regulatory filing that it is expanding its planned job cuts by approximately $700 million, bringing the total estimated cost of its 2026 Restructuring Plan to roughly $2.8 billio
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Volkswagen approves "historic restructuring": plans to cut 50,000 more jobs, reduce models by 50% before 2035, targets 9% operating profit margin by 2030.
Volkswagen's supervisory board unanimously approved CEO Oliver Blume's comprehensive restructuring plan on Thursday. The plan adds 50,000 new job cuts, bringing the total number of positions eliminate
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Uber to cut 3,300 jobs in overhaul to reduce management layers
Uber to cut 3,300 jobs in overhaul to reduce management layers
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Bill Gates Warns AI Will Cause "Many Jobs to Disappear Forever," Citing Risks to Entry-Level and Mid-Level Roles
Gates believes smart robots will competitively perform physical tasks by the end of the decade, and customer support/sales jobs will be among the first white-collar roles affected. In contrast, Nvidia
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Tech industry layoffs surged to a 20-year high of 2.3% in June, with companies like Oracle and Microsoft laying off tens of thousands due to AI deployment.
The tech industry's layoff rate reached 2.3% in June, surpassing the peaks of the 2008 financial crisis and the 2001 recession, with 63,000 employees laid off that month. Of these, Oracle laid off 21,
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Etsy cuts 12% of workforce, or 220 people, for strategic refocusing, explicitly stating AI was not a factor
The e-commerce company announced the layoffs, primarily in its product and engineering operations, as a move to streamline its business. Etsy's Chief Executive Kruti Goyal emphasized that the cuts wer
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Crypto firm Luno cuts 20% of its workforce; at least 12 crypto companies reported layoffs in July
Cryptocurrency company Luno announced it is laying off 20% of its workforce. This move is part of a wave of layoffs in the cryptocurrency industry in July, when at least 12 companies reported layoffs,
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Digital Asset Trading Platform Uphold Cuts 17% of Global Headcount
Digital asset trading platform Uphold has cut 17% of its global workforce. The company stated that these layoffs reflect a strategic shift towards its fast-growing enterprise business.
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Polygon Labs' acquisition of Coinme is in its final stages, and layoffs have begun simultaneously
Svmuu News: Marc Boiron, CEO of Polygon Labs, announced in a post that the company’s acquisition of the compliant payment service provider Coinme has entered its final stages. Upon completion of the t
-
Crypto bank Anchorage Digital reportedly cuts 17% of its workforce
Crypto bank Anchorage Digital, valued at $4.2 billion, has reportedly cut 17% of its workforce. The reported cuts come as the company expands its institutional footprint.
-
Nike forecasts revenue decline and plans job cuts
The US sneaker and sportswear group expects revenue to decline in the coming year and will cut jobs as part of its turnaround plan, which also includes opening an India campus.
-
U.S. planned layoffs plunged in September, marking the lowest level for the month since 2022.
U.S. employers announced 43,281 job cuts in September, an 18% decrease from the previous month and the lowest September total since 2022, according to the Challenger Gray report. Year-to-date layoffs
-
BMW to cut over 100 managers to accelerate cost-cutting
The German carmaker is bracing for years of subdued profits amid plunging sales in China and US tariffs.
-
Workday to lay off 2.5% of its workforce, primarily impacting product and technology teams.
Workday will reduce its workforce by approximately 2.5%, primarily within its product and technology teams, and will also downsize some office space. This restructuring is expected to incur charges of
-
Disney lays off several hundred employees, primarily in HR and IT, marking its third round of job cuts this year amid broader cost-cutting efforts.
The latest reductions follow roughly 1,000 layoffs in April and several hundred more in July across Pixar, ESPN, television, and studios. Disney also offered executives early-retirement packages in Au
-
Legal & General plans to cut 10% of its global workforce, about 1,000 jobs, by mid-2027
Legal & General Group plans to lay off 10% of its employees by the middle of next year, amounting to around 1,000 job losses, as part of a broader restructuring by Chief Executive Officer Antonio Simo
-
German industrial services giant Bilfinger cuts outlook, blames Iran conflict, and may cut 1,500 jobs
German industrial services giant Bilfinger cuts outlook, blames Iran conflict, and may cut 1,500 jobs
-
Oracle expands 2026 layoff plan by $700 million, bringing total estimated cost to $2.8 billion amid AI data center buildout
Oracle disclosed in a regulatory filing that it is expanding its planned job cuts by approximately $700 million, bringing the total estimated cost of its 2026 Restructuring Plan to roughly $2.8 billio
-
Volkswagen approves "historic restructuring": plans to cut 50,000 more jobs, reduce models by 50% before 2035, targets 9% operating profit margin by 2030.
Volkswagen's supervisory board unanimously approved CEO Oliver Blume's comprehensive restructuring plan on Thursday. The plan adds 50,000 new job cuts, bringing the total number of positions eliminate
-
Uber to cut 3,300 jobs in overhaul to reduce management layers
Uber to cut 3,300 jobs in overhaul to reduce management layers
-
Bill Gates Warns AI Will Cause "Many Jobs to Disappear Forever," Citing Risks to Entry-Level and Mid-Level Roles
Gates believes smart robots will competitively perform physical tasks by the end of the decade, and customer support/sales jobs will be among the first white-collar roles affected. In contrast, Nvidia
-
Tech industry layoffs surged to a 20-year high of 2.3% in June, with companies like Oracle and Microsoft laying off tens of thousands due to AI deployment.
The tech industry's layoff rate reached 2.3% in June, surpassing the peaks of the 2008 financial crisis and the 2001 recession, with 63,000 employees laid off that month. Of these, Oracle laid off 21,
-
Etsy cuts 12% of workforce, or 220 people, for strategic refocusing, explicitly stating AI was not a factor
The e-commerce company announced the layoffs, primarily in its product and engineering operations, as a move to streamline its business. Etsy's Chief Executive Kruti Goyal emphasized that the cuts wer
-
Crypto firm Luno cuts 20% of its workforce; at least 12 crypto companies reported layoffs in July
Cryptocurrency company Luno announced it is laying off 20% of its workforce. This move is part of a wave of layoffs in the cryptocurrency industry in July, when at least 12 companies reported layoffs,
-
Digital Asset Trading Platform Uphold Cuts 17% of Global Headcount
Digital asset trading platform Uphold has cut 17% of its global workforce. The company stated that these layoffs reflect a strategic shift towards its fast-growing enterprise business.
-
Polygon Labs' acquisition of Coinme is in its final stages, and layoffs have begun simultaneously
Svmuu News: Marc Boiron, CEO of Polygon Labs, announced in a post that the company’s acquisition of the compliant payment service provider Coinme has entered its final stages. Upon completion of the t
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