Layoffs
What Tech Companies Must Do Weather Downturns and Layoffs | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. Economic downturns persist in recent times in the face of the Russian-Ukrainian war, rising inflation and unpredictable markets. In the U.S....
Meta Share Surge Makes Zuckerberg Richer by $10 Billion As Facebook Makes More Money After massive Layoffs
A surge in Meta's share prices after its strong quarterly results resulted in Facebook founder Mark Zuckerberg's wealth rising by more than $10 billion, even as reports of layoffs...
Jenny Craig Warns Workers of Mass Layoffs, Bankruptcy Possible | Entrepreneur
A leaked memo suggests that weight loss company Jenny Craig may be losing more than pounds.In the document viewed by NBC News, the company stated that it's looking to...
Meta, Google Execs Receive Big Bonuses Amid Layoffs | Entrepreneur
Despite mass layoffs and cost-cutting initiatives throughout the tech industry, some top executives are still receiving ample compensation.During a virtual Q&A session with Meta employees last week, workers grilled...
CEO Tells Workers Forget About Bonuses: ‘Leave Pity City’ | Entrepreneur
Economic uncertainty has caused stress for many companies as layoffs sweep across industries and the status of a pending recession continues to loom.And it looks like some executives are...
EY To Cut 3,000 Jobs Due To ‘Overcapacity’ | Entrepreneur
Global consulting firm Ernst & Young (EY) said on Monday that it is cutting around 3,000 jobs in the U.S., impacting about 5% of its workforce.According to multiple outlets,...
Instead of Layoffs, GM Got 5,000 Workers to Quit Voluntarily | Entrepreneur
Last month, General Motors announced a Voluntary Separation Program (VSP) for the majority of its white-collar workers in the U.S. (and some of its global employees). The buyout option...
McDonald’s Shutters U.S. Offices Ahead of Layoffs: Report | Entrepreneur
There's nothing to be Lovin' about impending layoffs.McDonald's confirmed that it would be closing corporate offices temporarily in the U.S. this week ahead of planned job cuts and restructuring,...
