Hasbro, the well-known toy manufacturer, is gearing up to lay off 900 more employees globally as it grapples with ongoing challenges in the toy market. This decision comes nearly a year after the company’s initial announcement to cut 15% of…
SmileDirectClub, the once-prominent telehealth orthodontics company, abruptly closes its global operations SmileDirectClub, the global company known for offering direct-to-consumer dentistry and orthodontics services, has closed its doors less than three months after filing for Chapter 11 bankruptcy. In a statement…
Twilio has just announced a significant cut in its workforce, affecting about 5% of its employees. This isn’t the first time Twilio has had to make such a tough decision. In September 2022, they reduced staff by around 11%, and…
Spotify is cutting 1,500 jobs, or 17% of its workforce to reduce costs Spotify, the popular music streaming platform, has announced a significant move to cut approximately 1,500 jobs, which accounts for about 17% of its workforce. This decision comes…
Filmic, also stylized as FiLMiC, has faced a significant setback as its entire team, including founder and CEO Neill Barham, has been laid off by parent company Bending Spoons. Once celebrated as a top-notch video capture application for mobile devices,…
Vox Media dropped some tough news on its employees announcing a 4% staff reduction. The cuts mainly hit the product, design, technology, and analytics teams, as well as The Dodo, their animal-focused site. A Vox spokesperson explained, “This reflects continued…
Broadcom is cutting jobs in California. Around 1,267 employees from VMware’s office in Palo Alto will lose their jobs after Broadcom acquired VMware for $69 billion. The layoffs were officially disclosed and they are expected to take effect on January…
Metro Bank in the UK plans to cut 20% of its staff, end seven-day opening hours and streamline operations in a cost-cutting move aimed at saving £50 million annually Metro Bank is planning to cut costs, and one of the…
Unity Software is restructuring its operations, including laying off 265 employees from its Unity Weta Tools division, terminating an agreement with Weta FX, and closing offices, as part of a broader effort to streamline its business and focus on core…
2023 has been a really challenging year for companies into small-scale transportation, like Tier, a German micromobility company. The CEO, Lawrence Leuschner, shared that to navigate tough economic times and make the company profitable, they’re letting go of 22% of…
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