Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring.
The cloud arm of Chinese e-commerce giant Alibaba Group (NASDAQ: BABA) has begun a layoff set to affect 7% of...
Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources.
Vodafone (LON: VOD) shares fell 7% on Tuesday following a mass layoff announcement by the British multinational telecom company. In a...
A source confirmed that the latest development would impact employees within major divisions of Walt Disney.
Like many other companies reducing headcounts, mass media company The Walt Disney Company (NYSE: DIS) has started dismissing employees. This follows CEO Bob...
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
E-commerce giant Amazon (NASDAQ: AMZN) has announced the additional layoff of 9,000 workers extending its recent record job cuts. The...
Crypto bank Silvergate had to undertake a 200-employee layoff and take other drastic measures to facilitate a withdrawal bank run. During the FTX-triggered crypto meltdown, Silvergate Bank scrambled to cover a massive withdrawal spate and also embarked on a substantial staff layoff....
In the email that confirmed the latest headcount reduction, the CEO wrote that it was difficult for the company to reach the decision.Israel-based digital entertainment company Playtika is the latest company to receive the hit of the global...
