London CNN — UBS expects to shed around 3,000 jobs in Switzerland as it tries to save $10 billion from a sweeping overhaul of the global banking giant…
Read more UBS will cut 3,000 jobs in Switzerland as it absorbs Credit Suisse | CNN BusinessCNN — Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse…
Read more Epic Games to lay off 16% of its workforce | CNN BusinessHong Kong CNN — Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said in a statement on…
Read more Nokia says it will cut up to 14,000 jobs | CNN BusinessNew York CNN — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform…
Read more LinkedIn is cutting more than 650 jobs | CNN BusinessNew York CNN — Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts. The…
Read more Google is laying off hundreds in its recruitment division | CNN BusinessMinneapolis CNN — Areas of the US economy have started to crack under the weight of persistently high inflation and a string of 10 consecutive rate hikes from…
Read more Employers are preparing for a recession, but that doesn’t always mean layoffs | CNN BusinessNew York CNN — 3M announced significant layoffs Tuesday as part of yet another major restructuring plan as the manufacturing sector prepares for a possible recession and slumping…
Read more 3M announces mass layoffs as manufacturing slows | CNN BusinessNew York CNN — David’s Bridal, one of largest sellers of wedding gowns in the United States, is laying off thousands of workers nationwide, according to a notice…
Read more David’s Bridal laying off over 9,000 workers | CNN BusinessHong Kong/Atlanta CNN — Oil prices spiked during Asian trade Monday after OPEC+ producers said they would cut production in a surprise move. Brent crude, the global benchmark,…
Read more Oil prices surge after OPEC+ producers announce surprise cuts | CNN BusinessNew York CNN — Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the coffee chain to unionize,…
Read more Starbucks fires Buffalo union worker who ‘ignited a movement’ to organize | CNN BusinessNew York CNN — Amazon is cutting 9,000 more jobs, CEO Andy Jassy announced Monday in a memo to staff. The latest cuts come after the company announced…
Read more Amazon to lay off 9,000 more workers | CNN BusinessCNN — Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. The…
Read more Facebook-parent Meta plans to lay off another 10,000 employees | CNN BusinessCNN — Waymo, the self-driving car division of Google (GOOGL)’s parent company Alphabet, said on Wednesday that it has cut approximately 8% of its staff across two rounds…
Read more Alphabet’s self-driving car unit has cut 8% of its staff this year | CNN BusinessNew York CNN — Twitter’s massive job cuts continued this weekend, as the company cut about 10% of its remaining staff, according to a report in the New…
Read more New York Times: Twitter lays off another 10% of staff | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Here’s what keeps Jerome Powell up at night and interest rates high | CNN BusinessReuters — Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and…
Read more EV maker Rivian to cut 6% of jobs amid price war | CNN BusinessCNN — In less than three months, four of the big five US tech companies have cut tens of thousands of employees combined, shattering myths about the industry’s…
Read more Apple is the only US tech giant to have avoided significant layoffs. Will it last? | CNN BusinessNew York CNN — A tech CEO is apologizing after quoting Martin Luther King Jr. in a layoffs announcement. On January 24, PagerDuty CEO Jennifer Tejada sent a…
Read more Tech CEO apologizes for quoting Martin Luther King Jr. in layoff announcement | CNN BusinessEditor’s Note: This article contains graphic videos and descriptions of violence. CNN — [Breaking news update, published at 5:55 p.m. ET] Three Memphis Fire Department personnel who responded…
Read more A 6th Memphis officer is off the force, and 3 fire department workers are fired as new details emerge from the deadly police beating of Tyre Nichols | CNNNew York CNN — In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a staggering shift…
Read more How Big Tech’s pandemic bubble burst | CNN Business
