Tag: Employee Layoff
Philips to Cut Around 4,000 Jobs Across all the Segments
In order to streamline the organization in a better path, Philips said it's cutting down around 4,000 jobs across its segments. That's over 5%...
Amazon’s High Attrition Rate Costed the Company $8 Billion in 2021
Citing some leaked documents, it's revealed that Amazon has some of the worst attrition rates ever in the history of corporates.
Engadget reported that only...
Malwarebytes Cuts 125 Employees as per Strategic Reorganization Plan
One of the well-known device security makers, Malwarebytes, confirmed laying off about 14% of its global workforce, which is about 125 employees.
Although this is...
Snapchat Prepares to Layoff Employees After Poor Q2 Results
Snapchat is the latest silicon valley tech company that's laying off employees - citing the economic headwinds like any other company.
While its managers are...
Robinhood is Cutting 23% off its Workforce Citing Bad Economic Conditions
Citing the degrading economic conditions and mounting inflation, Robinhood decided to cut off 23% of its workforce now.
This is the second time this year...
OpenSea Cuts 20% of its Employees Citing Economic Instability
Citing economic instability, especially around the cryptocurrency, OpenSea is cutting 20% off its workforce.
This was officially noted by the platform's CEO, whom he initially...