This is per Bloomberg, Impossible Foods are planning a 20% layoff https://www.bloomberg.com/news/articles/2023-01-30/impossible-foods-plans-to-lay-off-about-20-of-employees
"Big Tech Using Layoffs to Rein In Workers"
“Controlling labor costs via periodic layoffs is like breathing for Silicon Valley: cyclical, necessary for life,” Malcolm Harris, author of the forthcoming book “Palo Alto: A History of California, Capitalism and the World,” told me. The layoffs... — read more
"Goldman Sachs says 4 cities likely to see a 2008-style housing crash: report"
"The 'overheated' markets mentioned in the note were: San Jose, California; Austin, Texas; Phoenix, Arizona; and San Diego... — read more
Disney?
The initial exuberance and relief following BI’s return as Disney CEO has been replaced by anxiety as speculation about a pending corporate restructuring is intensifying — and with it, rumors about the layoffs that are likely to... — read more
IBM again...
https://www.thelayoff.com/international-business-machines https://www.cnn.com/2023/01/26/tech/ibm-layoffs-intl-hnk/index.html
Is Apple next?
https://www.thelayoff.com/apple
PagerDuty Layoffs to Slash 7% of Workforce in ‘Right Path Forward’
PagerDuty has confirmed layoffs impacting 7% of its workforce as part of its ongoing efforts to drive efficient growth and expand operating... — read more
Hard landing?
"BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer... — read more
"Unusually high number of stocks halted at NYSE open"
Not a problem....? https://seekingalpha.com/news/3927198-unusually-high-number-of-stocks-halted-at-nyse-open
Is Healthcare and Biotech next?
Silicon Valley, Finance, and now Healthcare and Biotech?
Merck
https://www.thelayoff.com/merck-and https://www.fiercebiotech.com/biotech/merck-kgaa-shrinks-us-research-team-layoffs-continue-batter-biotech-industry
Ascension Health Care
https://www.kxan.com/news/local/austin/ascension-confirms-layoffs-in-texas/
"Hit By Layoffs, Thousands Of Indian IT Professionals Struggle To Stay In US"
https://www.ndtv.com/indians-abroad/hit-by-layoffs-thousands-of-indian-it-professionals-struggle-to-stay-in-us-3715924
Big Investor Urges Alphabet to Cut Labor By 20 Percent
https://www.thelayoff.com/t/1kQsWdXN https://fortune.com/2023/01/23/christopher-hohn-rishi-sunak-old-boss-tci-fund-management-letter-to-alphabet-sundar-pichai/amp/
US Supreme Court About to Eviscerate the Right to Strike
"The right to strike is on trial in the Supreme Court. At stake is a 64-year-old precedent that shields workers and unions from state lawsuits while they pursue unfair labor practice claims in the federal National Labor Relations Board (NLRB). If... — read more
Spotify layoffs January 2023
Layoffs at Spotify have just been announced. Looks like nobody is safe from the tech curse of 2022-2023.
Wayfair...again
https://www.thelayoff.com/wayfair https://www.foxbusiness.com/lifestyle/wayfair-cutting-10-workers-as-layoffs-mount
Alphabet Google (12,000 Jobs)
https://www.thelayoff.com/google https://www.nytimes.com/2023/01/20/business/google-alphabet-layoffs.html
#LaborSpring: National Teach-ins and Events, March 20-April 21, 2023
In the wake of the global pandemic, many U.S. working people are organizing for a multiracial democracy in which they have more power on the job and in their communities. Their efforts build, in part, on a newfound public appreciation for labor... — read more
Silicon Valley... and now Finance
Twitter, Meta, Google, SalesForce, Microsoft, Tesla Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo, BNY Mellon Let's pretend we couldn't see it... — read more
TuSimple 2022 layoffs
Autonomous trucking technology company TuSimple plans to cut a chunk of its workforce, potentially as early as this week, according to The Wall Street Journal, which cited “people familiar with the... — read more
Pluralsight layoffs December 2022
Pluralsight cut around 20 percent of employees this week (around 400 people). Layoffs at tech and tech-related companies continue...
Plaid Layoffs (Dec 2022)
Zach Perret's message to Plaid employees December 07, 2022 Today, I’m announcing the most difficult change we have had to make at Plaid to date. I made the hard decision to reduce the size of our team, and in doing so, to say goodbye to... — read more
Beyond Meat 2022 / october - 200 people
https://techcrunch.com/2022/10/14/beyond-meat-layoffs-sales-slump/amp/
Asana Layoffs (Nov 2022)
The following are the benefits that will be provided to the 180 Asana employees who were terminated today: Three months of basic pay, career services, a $500 stipend, and stock vesting in late December. There is no mention of immigration-related... — read more
Coinbase Layoffs in Progress
Coinbase announces round 2 of layoffs for talent and institutional onboarding teams, as reported by TheInformation. https://www.theinformation.com/articles/coinbase-is-cutting-more-jobs
AdWeek is laying off - mass layoff (11/10/2022)
Personal news that every journalist dreads sharing: After 3 years at Adweek, I was laid off today. I'm so proud of all the work I did and I'm forever grateful for the people I worked with, some of whom have become lifelong friends. But let's be real... — read more
100s laid off at CUE HEALTH
County/Parish Notice Date Received Date Effective Date Company "Layoff/ Closure" "No. Of Employees" Address San Diego County 06/23/2022 07/08/2022 08/23/2022 Cue Health Inc. Layoff Permanent 9 6225 Nancy Ridge Dr. San Diego CA 92121 San... — read more
Electrolux Worldwide Layoffs 2022
Thousands of employees affected.
Stripe Layoffs
Today we’re announcing the hardest change we have had to make at Stripe to date. We’re reducing the size of our team by around 14% and saying goodbye to many talented Stripes in the process. If you are among those impacted, you will receive a... — read more
Vacasa’s Layoffs
Oct. 22, 2022 - Vacasa’s layoffs affect roughly 3% of the company’s workforce, primarily in its corporate divisions, Skift reported—its second round of cuts this year following its decision to let go of 25 sales employees in July—a spokesperson told... — read more
Brex Layoffs 2022
Mass layoffs at Brex, 136 people have been cut.
Spotify Layoffs 2022
Who wants to bet that this is just the beginning? "Spotify is pulling 11 original podcasts from the platform, which will impact studios Parcast and Gimlet and involve less than 5% layoffs from Spotify’s podcast staff, a source familiar with the... — read more
Katerra Layoffs
Almost 5K laid off... Things are looking pretty bad... https://therealdeal.com/2021/06/01/troubled-construction-startup-katerra-will-shut-down-report/
Instacart Layoffs 2022
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the... — read more