Media Industry Layoffs on the Rise: Experts Weigh In on the Causes and Consequences
The media industry has been hit hard by layoffs in recent months, with major companies like Buzzfeed, Verizon Media, and Condé Nast all announcing significant job cuts. ...
Most industries forced to turn furloughs into permanent cuts
The employment situation continues to remain grim as major companies prepare to hand out pink slips to thousands of employees in the wake of unprecedented economic challe...
Nike announces layoffs on the heels of dismal quarter results
Nike, the sportswear brand, announced a dismal fiscal fourth quarter for 2020, and on the same day, the CEO of the company, John Donahoe, sent an email to employees warni...
Renault to Cut 15000 Jobs as Revenues and Sales Fall
Renault, the French carmaker, announced that it will be cutting 15000 people from its workforce worldwide as part of a two billion-euro cost-cutting plan. The jobs will b...
Uber to cut 3,700 jobs, close 180 driver centers
Uber Technologies Inc., the ride-hailing company, reported its biggest loss in the last three-quarters of $2.9 million in its latest earnings report. Uber’s loss we...
