Tencent Fires 5,500 as Q2 Earnings Drop
Tencent has fired at least 5,500 workers after posting a 3% Q2 earnings drop. Tencent’s income reached 18 billion yuan in Q2 which is down more than half from last … Read more
Job layoffs
Tesla Starts Laying Off Autopilot Unit
Tesla has laid off about 200 employees from their Autopilot team and closed an office in San Mateo, California. Bloomberg reported that multiple affected Tesla employees were annotation specialists, and … Read more
Netflix Lays Off 300 More Employees
Netflix announced on June 23 that it laid off 300 employees in another round of job cuts across the company. The cuts represent roughly 4% of total employees, mostly in … Read more
IBM Starts Cutting Russian Workforce
International Business Machines Corporation (IBM) announced that it has begun laying off all of its Russian employees nearly two months after the company suspended its operations in Russia. “This process … Read more
PayPal Cuts Staff to Reduce Rising Costs
PayPal has laid off employees from risk management and operations this week, with the company trying to cut down costs to shore up profits as spending on its platform has … Read more
Netflix Eliminates 150 US-Based Jobs After Suffering Losses
Streaming giant Netflix confirmed that the company laid off approximately 150 employees after losing subscribers for the first time in a decade. The employee cuts largely affected its office in … Read more
NY Courts To Terminate Unvaccinated Workers In April
New York state court to fire 156 unvaccinated workers by April. According to letters obtained by Law360, the New York Office of Court Administration has ordered its employees to follow … Read more
Peloton to Replace CEO, Lays Off 2,800 Staff
Peloton announced on Tuesday that it is replacing its CEO John Foley, while it plans to lay off about 20% of its corporate staff globally to cut costs for the … Read more
Virgin Money to Close 31 Branches, Putting Over 100 Jobs at Risk
British bank Virgin Money on Thursday has announced closing 31 branches and axing around 112 jobs across Scotland and the north of England “as it adapts to changing customer demand.” … Read more
Alibaba Fires 10 Staffers for Publicizing Sexual Assault Allegations
Alibaba Group Holding Ltd has fired 10 employees after publicly sharing a female coworker’s statement that indicated her sexual assault accusations against a former supervisor of the company, Bloomberg reported … Read more