According to an internal memo, The Washington Post lay off 20 staffers in its newsroom on Tuesday. The executive editor, Sally Buzbee, stated in the note that the firm had identified 30 unfilled positions that would not be filled. “Newsroom executives made these decisions following a careful and deliberate examination of our present roles and … Read more
Following a surge in hiring last year, online freight broker Uber Freight has laid off scores of employees. According to CNBC, around 150 employees, or 3% of Uber Freight’s entire staff, were recently laid off. According to the article, all of the laid-off employees were from the company’s digital freight brokerage section. The cause for … Read more
Mass layoffs have been a huge and disturbing trend throughout several sectors of the IT industry over the first month of 2023, and Spotify is the latest corporation to join that trend. The music streaming service announced a substantial layoff of staff, reducing its whole employment by 6%. The job layoffs are expected to affect … Read more
A spokesman for cryptocurrency exchange Gemini told CNBC on Monday that the company’s employment will be reduced by 10%. It’s at least the third round of layoffs for Gemini, which was co-founded by Cameron and Tyler Winklevoss and, unlike many of its contemporaries, is subject to New York banking regulations. According to PitchBook data, Gemini … Read more
Sterling Bay, the developer behind Google’s Fulton Market headquarters and the $6 billion Lincoln Yards megadevelopment, said it “had to make the tough decision” to cut 10 jobs. According to its website, the firm employs approximately 185 individuals. It refuses to say further. The layoffs occur as real estate companies, ranging from big brokerages to … Read more
Capital One, a US bank, has laid off around 1,100 employees. The layoffs would affect the company’s ‘Agile’ technology division, with affected employees encouraged to seek for new positions. Capital One stated in a statement that the move was a step forward in its digital transformation. According to a business spokeswoman, roles in the ‘Agile’ … Read more
Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter.
SuperRare‘s CEO has indicated that the company intends to lay off 30% of its staff. SuperRare’s CEO, John Crane, recently disclosed that the company wants to lay off 30% of its staff. According to him, the decision was made because the company hired too many personnel during the last bull market, which “proved to be … Read more
According to the publication, the company is set to miss a debt payment in February, and creditors are prepared to take control of the company if a deal is reached. At the close of the market on Friday, the company’s shares sank to 18 cents on the dollar in response to the news. While some … Read more
