Lilium, the German electric vertical takeoff and landing (eVTOL) startup, has laid off nearly all its employees as the company faces impending liquidation, according to German outlet Gründerszene. Co-founder Patrick Nathen confirmed the closure in a social media post, marking the end of nearly 11 years of operations for the ambitious air taxi company. Unresolved … Read more
Tyson Foods is closing three U.S. processing plants, resulting in the loss of over 1,000 jobs as the company navigates a challenging cattle market. The closures include the Emporia, Kansas, beef plant, which employs 809 workers, and two prepared foods plants in Philadelphia, Pennsylvania, that produce meat for cheesesteaks, according to filings under the WARN … Read more
Edelman, a leading public relations firm, is laying off 330 employees, representing over 5% of its global workforce, as part of a restructuring initiative aimed at “simplifying” the company’s business model. This marks the largest headcount reduction for the firm in years. The restructuring will also involve the closure of several specialized units, including Edible … Read more
LinkedIn has reportedly laid off approximately 200 employees, or around 1% of its workforce, over the past two weeks, as reported by The Information. The layoffs have primarily impacted engineering and customer support teams. This follows a series of workforce reductions at LinkedIn throughout 2023 and the decision to wind down its China-centric job app … Read more
The CW has laid off over two dozen employees across its publicity and program development teams, as the network restructures to prioritize sports, unscripted content, and select scripted series under new owner Nexstar Media Group. CW President Brad Schwartz informed staff on Tuesday, stating that the changes, though difficult, are essential for building “a stronger … Read more
Consumer genetics company 23andMe has announced significant restructuring, including the closure of its therapeutics development division and a substantial layoff of more than 200 employees, or approximately 40% of its workforce. The company is redirecting its focus to its core DNA and ancestry testing services, telehealth platforms, and research partnerships with pharmaceutical companies. The decision … Read more
Freshworks, the SaaS company known for its customer support and business solutions, has announced significant layoffs, impacting 660 employees, or 13% of its global workforce. This latest round of Freshworks layoffs marks a continuation of workforce reductions by the company over the past year as it aims to improve operational efficiency and focus on strategic … Read more
Alibaba has laid off dozens of employees from its metaverse division, Yuanjing, as the company restructures to improve efficiency, according to the South China Morning Post. This move follows similar actions by other tech giants, including Baidu and Meta, which have shifted focus from the metaverse to emerging technologies like AI. Yuanjing, founded in 2021, … Read more
The Mozilla Foundation, the nonprofit arm of Firefox creator Mozilla, has laid off nearly 30% of its staff in response to rapid changes in the tech landscape. Mozilla’s communications chief, Brandon Borrman, confirmed the layoffs, describing the move as a restructuring to increase focus and agility. Executive Director Nabiha Syed announced in an email that … Read more
Toronto-based internet services company Tucows has announced significant layoffs, with nearly half of its fiber internet subsidiary Ting Fiber’s workforce affected. The move is part of a broader cost-saving effort aimed at making Ting Fiber self-sufficient. Tucows also implemented cuts at the head office level, restructuring shared services. Overall, the reductions represent around 17% of … Read more