The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023. Gabby Jones | Bloomberg | Getty Images Bumble on Tuesday announced plans to lay off about 350 employees, or about 37% of its workforce, as part of a restructuring plan. The company said the layoffs will help drive stronger operating … Read more
Westend61 | Westend61 | Getty Images As thousands of layoffs make headlines, experts say there is a silver lining â a resilient job market. But to find your next position faster as companies cut costs, you may have to take a new approach. In January, companies cut a record 82,307 positions, the highest number of … Read more
The tech sector is having a big 2024. Nvidia just crushed earnings expectations. The artificial intelligence boom remains in full swing. The tech-heavy Nasdaq index is up more than 8 percent year to date. The U.S. economy is also doing surprisingly well, adding 353,000 jobs in January, well ahead of economists’ forecasts. Hotter-than-expected inflation data … Read more
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. One bright spot in Alibaba’s latest earnings report was its international e-commerce business unit, which posted … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
Nike Inc. will slash its global workforce by about 2% Some of the biggest names in Corporate America have kicked off the year with large layoffs. Companies announced plans to cut 82,307 positions last month, up 136% from December and the second-most of any in January since the aftermath of the financial crisis in 2009, … Read more
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it … Read more
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares were down 9% in extended trading. It’s the latest tech company to … Read more
A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022. Dado Ruvic | Reuters Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, as part of a restructuring. The news came as the company reported fourth-quarter earnings that fell roughly in … Read more
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday … Read more
