Layoffs

Local cable company Breezeline has terminated its entire Customer Care Department in Johnstown, Pennsylvania, sparking a dispute with the International Brotherhood of Electrical Workers (IBEW) union. The layoffs, which began in May and concluded in late September, have impacted dozens of employees. The union claims the decision violates their contract, particularly since the jobs are … Read more

PubMatic, the publicly listed adtech company, recently laid off employees as it reorients its business to focus on high-growth sectors like connected-TV (CTV) advertising. According to several sources familiar with the matter, the job cuts impacted at least a dozen employees in New York City. A PubMatic spokesperson confirmed the layoffs, stating they represented about … Read more

Midwest Transport Inc., a trucking company based in Illinois, recently laid off 222 employees in Florida after being forced to shut down by a creditor. The layoffs affected workers at the company’s terminals in Tampa and Jacksonville, with each location losing 111 jobs. This closure comes after the company was unable to secure the capital … Read more

HTC has announced a significant restructuring plan that will see 15% of its global workforce laid off. The decision comes as the Taiwanese tech company grapples with declining sales and aims to reduce its operating expenses by 35%. As part of the restructuring, HTC plans to create new business units that will focus on growing … Read more

CVS Health has announced plans to lay off nearly 3,000 employees in 2024, representing about 1% of its overall workforce. These layoffs primarily target corporate positions and are part of a larger $2 billion cost-saving initiative. The decision comes amid significant industry challenges, including increased regulatory pressures and evolving consumer preferences, which have prompted CVS … Read more

Dyson, the British tech company renowned for its household appliances, has laid off several employees at its Singapore global headquarters on October 1. The layoffs were unexpected, leaving many staff members in shock, particularly after the company had previously assured its Singapore workforce that they would not be affected by a restructuring in the UK. … Read more

Patagonia has laid off 41 employees as part of a corporate restructuring at its Ventura, California headquarters, according to a LinkedIn post by CEO Ryan Gellert. The layoffs represent around 1% of the company’s workforce, with the changes aimed at positioning the company for future success in the face of economic challenges. The restructuring involves … Read more

Shattuck Labs has terminated its CD47 program after weak efficacy data from its lead candidate, SL-172154, in blood cancer trials. The biotech reported only “modest” improvements in overall survival, prompting the company to shift its focus to other projects and cut 40% of its workforce. Following the news, Shattuck’s shares dropped by 51% to $1.72 … Read more

Outdoor apparel giant Patagonia has laid off 41 employees as part of a broader business transformation aimed at positioning the company for future success. This marks the second round of layoffs in 2024, following the June decision to relocate or cut 90 customer service positions. CEO Ryan Gellert announced the changes on LinkedIn, acknowledging the … Read more

Mayer Brothers Apple Products, a well-known producer of apple cider and other beverages, has announced the layoff of 26 employees at its Niagara County bottling facility, located at 7389 Lake Road in Barker. This layoff will affect about 21% of the plant’s workforce, which consists of 123 employees, according to a WARN notice filed with … Read more