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Layoff News Got a Tip? BenevolentAI cuts 30% workforce, around 75 Employees April 23, 2024 Image Copyright - Benevolent AI drug developer BenevolentAI is facing another wave of layoffs, this time slashing 30% of its workforce as it ditches its software ambitions.
News
Indeed to lay off 8% of Workforce, around 1,000 employees
Job search giant Indeed is undergoing a significant restructuring, announcing layoffs of roughly 1,000 employees - a hefty 8% cut to its global workforce. This move comes after a brutal year for the company, marked by a global slowdown in hiring and multi
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Simpl to layoff 25% Workforce, around 170 Employees
Fintech darling Simpl slams on the brakes, laying off 160-170 employees in a bid to stem cash burn. The surprise move comes as the Buy Now, Pay Later provider grapples with slowing user growth, according to Moneycontrol. Engineering and product developmen
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Layoffs at LA Times, 115 Employees - 20% workforce
The Los Angeles Times newsroom just got hit with a meteor shower of layoffs, leaving a crater of despair and casting a dark cloud over the future of the publication. Over 115 staffers, roughly a fifth of the entire workforce, were shown the door in a move
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National Aerospace Solutions (NAS) to layoff 1,700 employees in Tennessee
National Aerospace Solutions (NAS) just dropped a WARN notice on roughly 1,700 employees at Arnold Air Force Base, sending shockwaves through the Tennessee aerospace hub. Contract Woes Ground NAS Workforce This isn't your standard downsizing folks. The la
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Peloton lays off 15% of Workforce, 400 Employees
Peloton's house of cards continues to crumble. After a series of failed growth projections and a brutal market correction, the at-home fitness company is slashing another 15% of its workforce, or roughly 400 employees. This round of layoffs marks the fift
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Healthify Trims Workforce by 27%, to let go 150 Employees
Health and wellness startup Healthify (formerly HealthifyMe) is undergoing a restructuring that has resulted in a 27% workforce reduction, impacting roughly 150 employees. The move, according to CEO Tushar Vashist, is a strategic pivot to achieve profitab
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Ola Cabs to layoff 10% workforce, 200+ employees
Ride-hailing giant Ola is in cost-cutting mode, with a reported 10% of its workforce facing the axe as part of a restructuring exercise. This news comes alongside the surprise departure of Hemant Bakshi, who joined as CEO just four months ago. Burning Cas
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Briston Myers Squibb lays off 2,200 employees, 6% of the Workforce
Pharmaceutical giant Bristol Myers Squibb (BMS) announced a major restructuring plan this week, aiming to cut costs by $1.5 billion by the end of 2025. The centerpiece of this plan is a workforce reduction impacting over 2,200 employees, a significant blo
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UPMC Announces Layoffs of 1,000 Employees Citing Post-Pandemic Challenges
UPMC, a major healthcare provider headquartered in Pittsburgh, announced a workforce reduction impacting over 1,000 employees. This move represents a streamlining effort amidst ongoing challenges in the post-pandemic healthcare landscape. The layoffs, pri
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Expedia Second Round of Layoffs - 84 Employees
Travel giant Expedia Group Inc. is streamlining operations with a new round of layoffs impacting 84 employees at its Austin office. This follows an earlier announcement in February 2024 that targeted 64 positions, bringing the total impacted in Austin for
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