TVA Group:The Montreal-based broadcaster said in early November that it was laying off 547 employees — nearly a third of its workforce — as it contended with declining audiences and ad revenues. VerticalScope:The Toronto-based technology company owned by the company that bought Torstar Corp. s...
In this guide, we'll look at what a lay-off is, how it's different to short-time working, and how to manage employees on temporary leave.
Major Layoffs and Hiring Freezes in 2023 & 2024 Ingram Micro No. of Employees to be Laid off: 850 Industry: It Services & Outsourcing December 2024 IT distribution company Ingram Micro is laying off about 850 employees, with a planned layoff expected to be complete by the end of the first...
Lion Electric Co.: The electric bus company announced on Feb. 29 that it was laying off 100 more employees or about seven per cent of its total workforce in a move to reduce costs. The company also announced on April 18 that it was cutting another 120 employees, and a further 300 start...
Vox Media is also laying off employees, according to the Vox Media Union. In a Jan. 20 statement on Twitter,the union said, "We were informed today that the company is laying off around 7% of its workforce, and some of our members have been impacted. We're furious at the way...
Profile: Companies laying off employees in anticipation of tough economic times and whether or not that policy is a good ideaBOB EDWARDS
Goldman Sachs head of personal finance management Joe Duran provides his 2023 market outlook and discusses the firm's "tough decision" to cut 3,200 jobs on "Varney & Co." Large companies across various sectors are laying off workers at staggering rates, putting the state of the economy in ...
Now read:Amazon is laying off more than 18,000 workers. Morgan Stanley is looking for the company — and the tech industry — to tighten things up even more Amazon subsequentlyfiled noticesof more than 3,000 job cuts in New York, California and the company’s home ...
HubSpot is laying off 7 per cent of its global workforce, approximately 500 employees, as part of the ongoing trend of job cuts in the tech industry. In an email to employees, Yamini Rangan, CEO, HubSpot wrote, “After many conversations with our founders, the executive leadership team, ...
The tech behemoth is laying off 10,000 employees, the company said in a securities filing on Wednesday. Globally, Microsoft has 221,000 full-time employees with 122,000 of them based in the US. CEO Satya Nadella said during a talk at Davos that “no one can defy gravity” and that Mic...