layoffs

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Netflix Layoffs Begin on Its Tudum Website

Employees fear more cuts are ahead after subscriber loss

(Newser) - Not five months ago, Netflix launched Tudum, an editorial website to supply consumers with original content about its programming. On Thursday, the layoffs began, with about 10 full-time employees and contractors sent on their way, per the Hollywood Reporter . In between, Netflix announced a major loss of subscribers . The company...

Workers Find Out They're Laid Off Via Computer Error

Better.com employees saw severance payment in payroll app

(Newser) - When Better.com CEO Vishal Garg abruptly informed 900 employees they were being laid off during a Zoom call in December, critics called the approach callous and said the mortgage company could have done better. With the latest round of layoffs, the startup actually did worse, workers tell the Daily...

CEO Who Fired Workers on Zoom Is Back: 'Everyone Is Upset'

Vishal Garg back in Better.com driver's seat after backlash over laying off 900 staffers last month

(Newser) - Vishal Garg has apparently taken all the time he needed to think about what made him decide to pink-slip 900 Better.com workers last month on a short Zoom call. Per a Tuesday memo to staff from the company's board of directors, the embattled founder and CEO is back...

CEO Who Fired Workers Over Zoom Is Taking Time Off

Better.com's board made the announcement about Vishal Garg internally on Friday

(Newser) - Update: The CEO who shot to infamy last week after opting to fire 900 workers during a brief Zoom call is "taking time off." The board of mortgage lender Better.com announced in an internal email on Friday that Vishal Garg would be taking a break "effective...

CEO's 'Cold' Zoom Call: 'I Come to You With Not Great News'

Better.com's Vishal Garg laid off 900 employees in video conference right before holidays

(Newser) - Mortgage lender startup Better.com markets itself as combining technology with a human touch to help make the homeownership process "friendly and enjoyable," but that's not how most employees would describe the Zoom call they attended with the company's billionaire CEO last Thursday. In what Forbes...

Disney Says 32K Will Lose Jobs by March

Company announces another 4K layoffs

(Newser) - More bad news from Disney: The company announced in a Thanksgiving Eve filing that it plans to lay off 32,000 workers by March of next year, 4,000 more than previously announced . Most of the laid-off workers will be employees at the company's theme parks in Florida and...

ESPN to Lay Off 300, Let Some On-Air Contracts Lapse
ESPN Announces
Big Layoffs
Nov 5, 2020 4:24 PM CST

ESPN Announces Big Layoffs

300 to lose jobs as network hasn't recovered from 4 months without games

(Newser) - When the pandemic hit, ESPN was left with hardly any games to show for four months. Sports is back, but ratings and advertising still lag. Now the other shoe has dropped for employees of the cable network. The company is laying off 300 people and not filling another 200 jobs,...

Mass Layoffs at Airlines: 'It Didn't Have to Be This Way'

Tens of thousands of furloughs at American, United after deadline for Congress deal passes

(Newser) - Nineteen thousand workers at American Airlines and 13,000 at United are getting bad news this week, and they may not be the only ones. The Wall Street Journal reports the two airlines are laying off tens of thousands of employees after Congress was unable to OK a coronavirus relief...

2 Big Companies Announce Layoffs
2 More Companies
Announce Layoffs
Aug 28, 2020 1:19 PM CDT

2 More Companies Announce Layoffs

MGM Resorts and Coca-Cola join the list

(Newser) - Two more big companies announced layoffs on Friday:
  • MGM Resorts will lay off 18,000 people as the casino industry struggles to recover. That represents about a quarter of the company's American workforce of 68,000 before the pandemic took hold, reports the Wall Street Journal .
  • Coca-Cola said it
...

Thanks to COVID, an 'Extremely Difficult Decision' at LinkedIn

Company to lay off 6% of its workforce due to pandemic

(Newser) - An "extremely difficult decision" has been made at LinkedIn, and employees found out about it this week: The company is cutting nearly 1,000 jobs, or 6% of its workforce, the Wall Street Journal reports. "LinkedIn is not immune to the effects of the global pandemic," CEO...

Millions More Jobless in US, but a Small Bright Spot

Layoffs are slowing as businesses start to reopen, rehire workers

(Newser) - Roughly 2.1 million people applied for US unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak...

Boeing Slashes 12K Jobs
Boeing Slashes 12K Jobs
May 27, 2020 4:15 PM CDT

Boeing Slashes 12K Jobs

CEO cites pandemic's 'devastating effect on the airline industry'

(Newser) - Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming. The company, one of the nation's biggest manufacturers, said Wednesday that it will lay off 6,770 US employees this...

Fired IT Staff Deliver Parting Diss at Billboard
Fired IT Staff
Deliver Parting
Diss at Billboard
in case you missed it
Apr 18, 2020 11:00 AM CDT

Fired IT Staff Deliver Parting Diss at Billboard

Animal House-themed post announcing layoffs was quickly deleted

(Newser) - Revenge is apparently best served by Kent "Flounder" Dorfman. A photo of the Animal House character described as having a 0.2 grade point average topped a late Tuesday article published by Billboard with the headline "Billboard / Hollywood Reporter lays off entire IT staff due to Covid19....

With Millions More Laid Off, a Dire Prediction From Economists

After 5.2M more file for unemployment, unemployment rate could hit 20% in April

(Newser) - The wave of layoffs that has engulfed the US economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week. Roughly 22 million have sought jobless benefits in the past month—easily the worst stretch of US job losses on record. All told, nearly...

Company Lays Off 406 People in 'Chilling' Fashion

One Bird employee says 'it felt like a Black Mirror episode'

(Newser) - There are many ways to lay people off—and then there's Bird's way. "It should go down as a poster child of how not to lay people off, especially at a time like this," says one employee. Similar quotes are rippling through a dot.LA article...

Health Care Workers Are ... Getting Laid Off?

America's for-profit medical system puts needed workers on the sidelines

(Newser) - Tens of thousands of medical workers across the US are suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning, the AP reports. Even as hospitals scrounge...

Pier 1 Closing Half of Its Stores
Pier 1 Closing Half of Its Stores
Jan 7, 2020 7:21 AM CST

Pier 1 Closing Half of Its Stores

300 employees to be laid off at corporate HQ: Bloomberg

(Newser) - Pier 1 Imports is planning to close nearly half of its 942 stores in the US and Canada, as well as some distribution centers. Monday's announcement—meaning layoffs for 300 people, or about 40%, of staff at its headquarters in Fort Worth, Texas, per Bloomberg —came as the...

After Troublesome Year, Juul Makes a 'Right-Size' Move

E-cigarette maker will slash 16% of its workforce, per a company official

(Newser) - Due to the public's "lack of trust" in the vaping industry, Juul cut four of its fruit- and dessert-flavored products last month. Now, confirming rumors from last month, the e-cigarette maker says it will cut 650 jobs, or about 16% of its workforce, reports the Wall Street Journal...

Uber Lays Off Another 435 Workers
Uber Lays Off
Another 435 Workers
Sep 11, 2019 2:21 AM CDT

Uber Lays Off Another 435 Workers

Company is trying to 'move toward profitability'

(Newser) - After losing more than $50 million a day in the second quarter of 2019, Uber is tightening its belt. The company announced the layoffs of 435 people in its product and engineering teams Tuesday, which works out to around 8% of both teams, TechCrunch reports. The company said in a...

7K White-Collar Workers Losing Jobs at Ford

Company says it's trying to become more efficient

(Newser) - Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company said the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager, per the AP . In the US, about 2,...

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