Grubhub Cuts 15% of Workforce, Citing Cost Reductions
Grubhub is undergoing a workforce reduction, laying off approximately 400 corporate employees, which accounts for about 15% of its total workforce.
Layoffs
Sonos lays off 7% of employees as demand cools for its speakers
In a recent filing with the Securities and Exchange Commission (SEC), Sonos announced that it will be laying off 7 percent of its workforce as it faces a cooling demand for its speakers.
Ochsner Health Implements Layoffs, Citing Financial Challenges
The healthcare system in the United States is facing significant difficulties due to inflation, rising costs of living, and the ongoing COVID-19 pandemic. Despite increased hospital admissions, medical personnel and hospital staff find themselves working long hours for low wages, and their job security is not guaranteed. Ochsner Health, one of the largest healthcare providers … Read more
BenevolentAI Implements Restructuring Plan, Cuts Jobs, and Prioritizes Drug Pipeline
London-based biotechnology company BenevolentAI has announced a restructuring plan aimed at preserving cash and advancing its most promising drug candidates. As part of the plan, up to 180 employees will be laid off, and spending will be reduced to extend the company’s cash runway until July 2025. Nicholas Keher, the Chief Financial Officer of BenevolentAI, … Read more
Meta Completes Third Round of Layoffs, Displacing 6,000 Employees
This comes after the initial layoff of 11,000 employees in November 2022 and a second round of cuts affecting 10,000 employees in March 2023.
First Citizens BancShares Implements Workforce Reduction, Cutting Approximately 500 Silicon Valley Bank Employees
Affected workers were notified in meetings with human resources representatives that their employment with the bank would continue until June 9.
JPMorgan Lays Off 1,000 First Republic Employees, Representing 15% Workforce Reduction
The majority, about 85%, of First Republic’s employees have been offered full-time or transitional roles within JPMorgan Chase.
Stash Layoffs 10% of workforce
This latest round of layoffs is the first under the leadership of Landsman, who assumed the role of CEO in February, replacing co-founder Brandon Kreig.
Accenture Announces Layoffs, Cutting 549 Jobs at Austin Offices
The layoffs at Accenture reflect the challenges faced by technology companies in adapting to the changing economic landscape. As affected employees seek new opportunities, the industry will continue to navigate the evolving dynamics of the tech job market.
Warner Bros. Discovery Sports Implements Layoffs, Letting Go of More Than 50 Staff Members
This round of layoffs comes six months after Warner Bros. Discovery Sports previously laid off around 70 individuals as part of broader across-the-board cuts.