Now Is the Time to Change Redundancy Strategy
By reducing its size to protect cash flow, a company can irrevocably harm itself.
Casper Sleep Lays off 21% of Corporate Workers
The layoffs are part of an effort to cut costs as the company seeks to achieve profitability by mid-2021.
Jobless Claims Hit Record 22M Over Four Weeks
Weekly claims since the coronavirus shut down the economy now exceed the number of jobs added since the Great Recession.
GoPro to Lay Off 20% of Employees, Shift to Direct Sales
The adventure camera company wants to cut out retailers as revenue drops from the impact of COVID-19.
Expedia Follows Exec Shakeup With Job Cuts
By laying off 12% of Expedia's workforce, Chairman Barry Diller is following through on his pledge to reshape the "bloated organization."
Tilray, Aurora Cannabis Layoffs May Signal Industrywide Problem
Cannabis companies and investors have overextended themselves, driven by the "exuberance" that comes with an emerging market and an attractive story.
3M Stock Falls on Earnings Miss, New Layoffs
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
Morgan Stanley Prepares for 2020 With Job Cuts
The bank is laying off about 2% of its workforce in a move that reflects its concerns over the economic outlook.
Postmates Closes in Mexico to Focus on U.S.
The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.
MedMen to Lay off 190 Workers in Profit Push
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
HP to Shed up to 9,000 Jobs in Restructuring
The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.