Bustle Digital Group -- the parent company of online media outlets like Bustle and NYLON -- laid off 8% of its staff on Feb. 1, the company told ABC News. The company also suspended operations of the culture news site Gawker. In an internal memo to employees on Wednesday, Bustle...
KFC Indonesia shuttered over 47 outlets and laid off over 2274 employees after massive losses in 2024. In its financial report, FAST disclosed that in the first nine months of this year, the company reduced its operational store count to 715 from the 2023 figure of 762. Its workforce has al...
Meta Platforms Inc.: The company behind Facebook and Instagram announced in mid-March that it would lay off 10,000 people and cease hiring for 5,000 roles as the firm embarks on a "year of efficiency." The company had laid off 13 per cent or 11,000 workers in November 2022. Nordstr...
Fellow tech company Shopify also offers retention advice despite an average tenure of just two years. The Ottawa-based company actually laid off over 1,000 staff in 2022 and thousands more in May 2023, having restructured its employee compensation scheme. The company is known for its gaming-orie...
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed. Tech companies, retailers and more have all begun shedding members of their workforce in a bid to navigate the...
Not refuse reasonable alternative work (including work that's not added to their employment contract terms). Not be laid off due to industrial action. An employer cannot neglect giving statutory guarantee payments to their laid off staff. If they do, they could raise this as an unlawful deducti...
Since the pandemic, multiple tech giants have laid off countless employees due to rising inflation and material and labor costs. While some companies decided to focus on consumer retention and automatization, others agreed that cutting operating expenses would be efficient by laying off a considerable...
A number of companies across sectors kicked off 2024 by announcing they are slashing jobs on the heels of worker layoffs at the end of 2023. Experts sayinvestments in AI could be a contributor, but aren't exclusively to blame. Here's a list of companies that are reducing head counts. ...
Because people still have concerns about the labor market, we continued to take a deep dive and look at factors such as tenure, attrition, and layoffs (companies that have laid off 10% or more of their workforce between January 1, 2023, and the list launch were not eligible for our ...
“will not have sufficient liquidity" to maintain operations beyond January 2023, and said a bankruptcy filing “in the very near term … looks increasingly probable," according to quarterly filings. The filings also revealed that Clovislaid off 115 U.S. employeesto save cost, but the $29 ...