GoDaddy, an internet domain registrar and web hosting company based in Arizona, recently announced that it will be laying off 530 workers, or 8% of its global workforce. The layoffs are part of the company’s effort to streamline operations and increase profitability. The Hiawatha customer service and support center in eastern Iowa will be affected, … Read more
DocuSign, a leading electronic signature provider, has announced a layoff of approximately 10% of its workforce, or about 700 employees, as part of its ongoing efforts to support growth, scale, and profitability objectives. This latest round of job cuts is set to be completed by July 31, following an earlier workforce reduction in September. DocuSign … Read more
According to a spokesperson, the New York City-based robo-advisor laid off 28 employees. Betterment, which manages $33.8 billion according to its most recent filed form ADV and was valued at $1.3 billion after raising $160 million in 2021, is also closing its Philadelphia office but continues to employ locals. Betterment is also subleasing a floor … Read more
Yahoo has announced a reduction of 20% of its workforce, which will affect 1,600 employees within its ad tech division. This move is a result of Yahoo’s intention to restructure and strengthen its unprofitable Yahoo for Business advertising unit. The layoffs will be carried out in two phases, with 12% of the company (1,000 employees) … Read more
Zoom, the tech company that rose to prominence during the Covid-19 pandemic as many businesses went remote, announced plans to lay off 1,300 employees on Tuesday. In a message sent to Zoom employees on Tuesday, CEO Eric Yuan stated that the company must adapt to the “uncertainty of the global economy” and “its effect on … Read more
In the midst of the global economic meltdown, software company Autodesk is laying off 250 employees, or less than 2% of its global workforce. The layoffs are part of the company’s plans for the fiscal year 2024, in which the company is “focused on ensuring that our resources remain well-aligned to support our key priorities … Read more
Dell announced today that it would lay off 5% of its global workforce due to falling PC sales and general economic uncertainty. That equates to 6,650 people losing their jobs. According to Bloomberg data, the company peaked at 165,000 employees in January 2020 and has been reducing its headcount since then. It had fallen to … Read more
USAA is laying off 130 employees, primarily from the mortgage services departments. A spokesperson for the company stated that they are making hard business decisions to adapt to the changing marketplace and members’ needs, which sometimes involves investing in growth areas and scaling back in others. The layoffs represent 1.6% of the bank’s total workforce, … Read more
Pinterest laid off about 150 workers on Wednesday, making it the latest tech company to lay off workers amid economic concerns. According to Bloomberg News, the layoffs affect less than 5% of Pinterest’s workforce and span multiple teams. “We’re making organizational changes to further set us up to deliver against our company priorities and our long-term … Read more
Ruffalo Noel Levitz, a marketing firm, has closed its Cedar Rapids office and laid off 21 employees nationwide, citing reduced revenue and challenging market conditions. According to Rob Ackley of Marion, RNL’s vice president of human resources and administration, the layoff will affect only a few RNL employees in Cedar Rapids, where 150 to 200 … Read more