layoffs Archives - CFO

Dropbox to Slash 11% of Workforce

Dropbox to Slash 11% of Workforce

The software company has been shifting to remote work, which "means we require fewer resources to support our in-office environment.”

By Matthew Heller | January 14, 2021

Coke to Cut 2,200 Jobs Amid Virus Slowdown

Coke to Cut 2,200 Jobs Amid Virus Slowdown

The company has been "trimming expenses and products amid the closures of restaurants, bars, movie theaters and sports stadiums that sell its drinks."

By Matthew Heller | December 18, 2020

3M to Cut 3% of Workforce Amid Virus Slowdown

3M to Cut 3% of Workforce Amid Virus Slowdown

The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."

By Matthew Heller | December 3, 2020

Charles Schwab to Ax 3% of Workforce

Charles Schwab to Ax 3% of Workforce

The layoffs will eliminate redundant roles following the TD Ameritrade merger.

By Lauren Muskett | October 27, 2020

WarnerMedia Plans More Layoffs as Virus Bites

WarnerMedia Plans More Layoffs as Virus Bites

“Like the rest of the entertainment industry, we have not been immune to the significant impact of the pandemic."

By Matthew Heller | October 9, 2020

U.S. Job Gains Slow to 661,000 in September

U.S. Job Gains Slow to 661,000 in September

“The pace of jobs recovery apparent in today’s report suggests that we will be counting the employment recovery in years, not months or quarters."

By Matthew Heller | October 2, 2020

GOP Senators Offer 6-Month Lifeline for Airlines

Risk & Compliance

GOP Senators Offer 6-Month Lifeline for Airlines

A new $28 billion relief package would avert layoffs of airline employees as the industry continues to struggle with the COVID pandemic.

By Matthew Heller | September 22, 2020

Kohl’s Cuts Corporate Jobs to Save $65 Million

Kohl’s Cuts Corporate Jobs to Save $65 Million

The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic."

By Matthew Heller | September 16, 2020

Ford Targets White-Collar Job Cuts in U.S.

Workplace Issues

Ford Targets White-Collar Job Cuts in U.S.

The automaker is aiming to trim at least 1,400 positions through voluntary buyouts as it continues to shift to electric and autonomous vehicles.

By Matthew Heller | September 2, 2020

Now Is the Time to Change Redundancy Strategy

Workforce Management

Now Is the Time to Change Redundancy Strategy

By reducing its size to protect cash flow, a company can irrevocably harm itself.

By Vincent Ryan | July 23, 2020

Casper Sleep Lays off 21% of Corporate Workers

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.

By Matthew Heller | April 22, 2020

Jobless Claims Hit Record 22M Over Four Weeks

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.

By Matthew Heller | April 16, 2020

GoPro to Lay Off 20% of Employees, Shift to Direct Sales

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.

By Lauren Muskett | April 16, 2020

Expedia Follows Exec Shakeup With Job Cuts

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."

By Matthew Heller | February 25, 2020

Tilray, Aurora Cannabis Layoffs May Signal Industrywide Problem

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.

By Vincent Ryan | February 7, 2020