According to Axios, The Block, a crypto media company that was embroiled in a funding scandal involving disgraced FTX founder Sam Bankman-Fried, has laid off roughly one-third of its staff as part of a broader leadership shakeup. Why it matters: Following the scandal, the layoffs are intended to stabilize and strengthen the company’s position. Details: … Read more
Last week, RH, the luxury furniture brand formerly known as Restoration Hardware, laid off approximately 440 employees. According to a recent Securities and Exchange Commission filing, the layoffs were part of a restructuring effort that included the elimination of numerous leadership and other positions throughout the organization. According to the filing, the company’s workforce needed … Read more
More than a year after reducing its workforce, Gamida Cell has resorted to layoffs to keep its long-delayed plans for its blood cancer treatment omidubicel on track. Last November, the FDA revealed that it was unlikely to make an approval decision before May 1, three months later than previously predicted. According to a full-year earnings … Read more
Only a few months after quietly reducing its workforce, iCad is laying off yet another group of employees. iCad, based in New Hampshire, is developing imaging and radiotherapy technologies to improve breast, prostate, and colorectal cancer detection and treatment, led by its artificial intelligence-powered 3D mammography software. The company announced in a filing with the … Read more
Google waives paid maternity and sick leave for employees who are laid off. In response, over 100 former employees formed the “Retrenchment on Leave” group. As a result, they are requesting that the US company demonstrate good faith and honor all authorized leaves until January 20, 2023. According to CNBC, Google refuses to pay maternity and … Read more
The Science Museum of Minnesota is laying off 15 employees, and another 15 positions are being eliminated. According to a spokesperson, attendance at the St. Paul attraction has not recovered from the pandemic, resulting in a budget shortfall in 2023. The cuts will take effect before the fiscal year ends in June. Due to reduced … Read more
Better Therapeutics, in an all-too-familiar echo of fellow digital therapeutics maker Pear Therapeutics’ recent desperate attempts to cut costs, has begun making its own cost-cutting moves. According to a filing (PDF) with the US Securities and Exchange Commission on Friday, Better is laying off approximately 35% of its employees. According to the company’s most recent … Read more
As the big-box retailer and other retailers prepare for a difficult year ahead, Walmart is laying off hundreds of staff at e-commerce operations across the country.
Amazon will continue to send customers to unemployment offices across the country as it plans to lay off another 9,000 workers, bringing the total number of layoffs to 27,000 since the beginning of the year. Back in January, the delivery company set a personal record by laying off 18,000 people at once. The dark milestone … Read more
Anchorage Digital, a digital asset platform based in California, has announced that it will lay off 20% of its workforce, equivalent to around 75 employees. The company cites regulatory uncertainty in the US, broad macroeconomic challenges, and crypto market volatility as reasons for the restructuring. The layoffs come after a review of operations that lasted … Read more