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News Articles: layoffs

As of March 2023, there were 316,000 job openings in tech, according to the nonprofit IT association CompTIA. Despite mass layoffs in Silicon Valley, tech jobs remain plentiful.

Tagged as: 

  • Business

Need a job? Tech remains a good bet despite mass layoffs in Silicon Valley

The number of openings in the technology field is still high, and tech jobs continue to be attractive to workers looking for stable, lucrative careers.

April 26, 2023
|
By:
  • Andrea Hsu
McDonald's is closing U.S. offices this week and laying off hundreds of employees. Journalist Adam Chandler explained what the layoffs mean on Morning Edition.

Tagged as: 

  • Business

Four key takeaways from McDonald's layoffs

Hundreds of corporate employees are set to lose their jobs as McDonald's closes its U.S. offices this week. Journalist and author Adam Chandler offers his perspective on the causes of the layoffs.

April 05, 2023
|
By:
  • Ally Schweitzer
The headquarters for National Public Radio in Washington on April 15, 2013.

Tagged as: 

  • Media

NPR cancels 4 podcasts amid major layoffs

NPR moved this week to cut 10% of its staff and stop production of a handful of podcasts, including Invisibilia, Louder Than a Riot and Rough Translation.

March 24, 2023
|
By:
  • David Folkenflik and
  • Mary Yang
A Tyson food product is seen in Montpelier, Vt., on Nov. 18, 2011. Tyson Foods says the company is closing two facilities that employ more than 1,600 people in an effort to streamline its U.S. poultry business.

Tagged as: 

  • Business

Tyson will close poultry plants in Virginia and Arkansas that employ more than 1,600

Tyson Foods said it plans to close its processing, broiler and hatching operations in Glen Allen, Va., and a plant in Van Buren, Ark., in an effort to streamline its U.S. poultry business.

March 15, 2023
|
By:
  • The Associated Press
A person stands in front of a Meta sign outside of the company's headquarters in Menlo Park, Calif. on March 7.

Tagged as: 

  • Business

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

Meta CEO Mark Zuckerberg announced the company is cutting another 10,000 jobs after it laid off 11,000 workers late last year.

March 14, 2023
|
By:
  • Mary Yang
NPR will cut 10% of its workforce, CEO John Lansing said Wednesday. Lansing blamed a slowdown in advertising dollars.

Tagged as: 

  • Media

With layoffs, NPR becomes latest media outlet to cut jobs

NPR must lay off 10% of its workforce to address an advertising shortfall of about $30 million, CEO John Lansing says. Lansing says marketers are nervous about the economy.

February 23, 2023
|
By:
  • David Folkenflik
Emma Alexander was recently laid off from Goldman Sachs, along with over 3,000 other employees. Although the layoffs were unusually large this year, they are an ever-lurking prospect for people who work in finance.

Tagged as: 

  • Business

It's nothing personal: On Wall Street, layoffs are a way of life

Big companies such as Amazon and Google have recently announced layoffs. On Wall Street, getting cut is always acknowledged as an ever-lurking prospect — but it still stings when it happens.

February 05, 2023
|
By:
  • David Gura
Microsoft said it plans to cut 10,000 jobs, or about 5% of its workforce, in the first months of 2023.

Tagged as: 

  • Business

Microsoft slashes 10,000 jobs, the latest in a wave of layoffs

Amazon, Salesforce and Goldman Sachs have also announced cuts during a brutal January for corporate workers.

January 18, 2023
|
By:
  • Bobby Allyn and
  • Mary Yang
The Goldman Sachs logo is seen at the New York Stock Exchange in New York City on Sept. 13, 2022. Goldman is laying off up to 3,200 employees as it faces a more challenging business environment.

Tagged as: 

  • Business

Goldman Sachs is laying off as many as 3,200 employees this week

The prestigious investment bank is undertaking one of its biggest rounds of layoffs since the Global Financial Crisis.

January 10, 2023
|
By:
  • David Gura
Unemployment tends to rise in January, historically one of the busiest months for layoffs.

Tagged as: 

  • Your Money

January is often a big month for layoffs. Here's what to do in a worst case scenario

From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.

January 03, 2023
|
By:
  • Arezou Rezvani
Amazon said Wednesday it had begun layoffs in its Devices and Services division.

Tagged as: 

  • Business

It's the end of the boom times in tech, as layoffs keep mounting

Amazon began layoffs, reportedly affecting as many as 10,000 employees. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

November 16, 2022
|
By:
  • Laurel Wamsley
A car passes Facebook's new Meta logo on a sign at the company headquarters in Menlo Park, Calif.

Tagged as: 

  • Technology

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

November 09, 2022
|
By:
  • Bobby Allyn and
  • Mary Yang
A receptionist works Oct. 26 in the lobby of the building that houses the Twitter office in New York.

Tagged as: 

  • Business

Twitter layoffs begin, sparking a lawsuit and backlash

New owner Elon Musk moved swiftly to fire thousands, saying "unfortunately there is no choice" when Twitter is bleeding money. Critics called for an ad boycott.

November 04, 2022
|
By:
  • Raquel Maria Dillon
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff.

Tagged as: 

  • Business

Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

August 02, 2022
|
By:
  • David Gura
The Bureau of Labor Statistics released data Wednesday that shows continued high job openings.

Tagged as: 

  • Business

The jobs market still favors workers, despite fears of an economic slowdown

It's still a worker's job market, with 11.3 million open jobs at the end of May, according to new data from the Labor Department.

July 06, 2022
|
By:
  • Jacqueline GaNun
  • Load More

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