Intel Corporation has informed state and local officials that it intends to lay off approximately 340 employees at its Folsom campus. WARN Act notices were sent to the state’s Employment Development Department, Folsom’s mayor, and other officials. The WARN Act requires employers to give workers and state officials 60 days’ notice of mass layoffs. “These … Read more
Amgen Inc AMGN.O announced on Monday that it had laid off approximately 300 U.S. employees, or about 1.2% of its total workforce, citing recent organizational changes in its commercial team. According to its most recent annual regulatory filing with the US Securities and Exchange Commission, the company had approximately 24,200 employees in over 50 countries … Read more
Foot Locker Inc. announced on Thursday (26th January) that it is laying off some of its corporate and support staff and is discontinuing its Sidestep athletic fashion brand in Europe. The retailer also announced that Andrew Gray, executive vice president of Global Lockers and Champs Sports, left the company on January 23, the most recent … Read more
Flagstar Bank in Troy has layoffs dozens of employees across multiple states and is closing a portion of its national mortgage operation less than two months after merging with a New York bank, according to a news media report and social media posts. According to Housingwire.com, citing unnamed bank managers and employees, employees were informed … Read more
Goodyear has announced a 5% reduction in salaried staff globally, amounting to approximately 500 job cuts. According to Goodyear, this includes approximately 90 layoffs in Akron, where the company is headquartered. Goodyear announced the “planned rationalization and workforce reorganization” on Friday morning as cost-cutting measures “in response to a challenging industry environment and cost pressure … Read more
Dotdash Meredith, the IAC publishing division whose brands include People, EW, Real Simple, and Better Homes & Gardens, is the latest media company to lay off workers as ad spending falls and “economic uncertainty” looms, according to CEO Neil Vogel in a memo to employees on Thursday. Dotdash Meredith was formed in the fall of … Read more
Lam Research Corp., a manufacturer of semiconductor manufacturing equipment, intends to lay off 1,300 workers from its total workforce.
The layoffs, according to the company, were a final step following asset sales rather than a sign of business weakness.
Guardant Health confirmed on Wednesday that it had laid off approximately 7% of its workforce, or approximately 130 people. According to terminated employees who posted on LinkedIn, the layoffs affected a variety of departments, including account management, bioinformatics, and technology development. According to a former employee who wishes to remain anonymous, the latter group has … Read more
PagerDuty announced on Tuesday that it would lay off 7% of its personnel in order to ‘drive efficient growth and enhance operating margins,’ according to a regulatory filing. The company recorded $94.2 million in revenue for the December quarter, a 31.3% rise year over year. However, its net loss for the same period was $32.8 … Read more