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.”
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."
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."
Charles Schwab to Ax 3% of Workforce
The layoffs will eliminate redundant roles following the TD Ameritrade merger.
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."
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."
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.
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."
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.
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.