Hundreds of Best Buy employees are laid off. The Wall Street Journal reported on Friday that Best Buy Co Inc is reducing store positions across the United States as the electronics retailer aims to cut expenses and shift its operations more toward e-commerce. According to the article, the layoff would effect hundreds of employment throughout … Read more
According to a letter from the company to employees obtained by MediaNews Group, Beacon Container Corp. abruptly laid off employees and closed its Birdsboro facility in February due to financial constraints. According to the letter, dated Feb. 8, “certain losses have placed Beacon Container in financial distress,” and as a result, “all hourly employees are … Read more
According to multiple internal and external sources, UBS Wealth Management USA has laid off client-service associates in multiple branches in recent weeks as it continues to tighten its belt. It was unclear how many jobs were affected by the cut, and one industry recruiter suggested that the cuts could continue. A UBS spokesperson declined to … Read more
Amplitude, a software company based in the United States, has laid off 13% of its workforce, or 99 employees, due to difficult macroeconomic conditions. “On behalf of the co-founders and myself, I’d like to share the most difficult decision we’ve had to make since founding Amplitude over ten years ago. We are currently reducing the … Read more
Hyland, based in Westlake, California, confirmed to 3News that it is laying off approximately 1,000 employees, or 20% of its workforce. Hyland President and CEO Bill Priemer called the move the hardest change we’ve ever had to make in a letter to employees that was also posted on the company’s website. We are reorganizing our … Read more
Following mid-year performance reviews last week, Kirkland & Ellis laid off some of its associates across its US offices. According to four sources familiar with the situation, the Chicago-based law firm, which earned $6 billion in gross revenue in 2022, laid off an unknown number of associates. According to the sources, the layoffs occurred at … Read more
McDonald’s is closing its corporate offices in the United States from Monday to Wednesday as the company lay off hundreds of employees, according to a person familiar with the situation. The Wall Street Journal was the first to report the company’s office closings. In January, CEO Chris Kempczinski announced that the company would be cutting … Read more
In a Securities and Exchange Commission filing Thursday, the San Jose-based company announced the 200-person layoff round and stated that it will also leave or sublease unoccupied office facilities. According to the filing, the move will cost Roku $30 million to $35 million in severance and notice pay, benefits, and office costs. The layoffs affect … Read more
The streaming behemoth of the United States Hulu is reportedly downsizing its Beijing R&D center, laying off around 200 people, accounting for roughly 90% of the facility’s workforce. Surprisingly, Hulu’s streaming service is not available to Chinese consumers; the company established the Beijing location in 2007, one year before the platform began streaming in the … Read more
Several executives and administrators have been laid off at MUSC Health University Medical Center’s Midlands division following a $40 million budget shortfall in the first half of the fiscal year. The exact number of employees laid off is not yet known, according to MUSC spokesperson Heather Woolwine on Friday. The layoffs occurred at three of … Read more