Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive – roughly 1,600 employees, including 1,000 positions at its factory in Skellefteå business Article 13 votes
Ericsson will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment business Article 9 votes
Will US companies hire fewer engineers due to Section 174? business Article 3248 words, published Jan 4 2024 20 votes
‘Winning requires hard work’: Wayfair CEO sends employees a gloomy pre-holiday email following layoff-filled year business Article 546 words 27 votes
99-year-old US trucking company Yellow shuts down, putting 30,000 out of work business Article 30 votes
Spotify said Monday that it will cut 6% of its workforce to reduce costs – CEO Daniel Ek took full responsibility for the job cuts, which he called “difficult but necessary” business Article 326 words 8 votes
Klarna has revealed that losses more than tripled in the first half of the year – firm has been hit by a slowdown in consumer spending business Article 507 words 8 votes
Coinbase to lay off 18% of staff (1,110 people) because the company grew too quickly and a potential recession "could lead to another crypto winter" cryptocurrency business Article 89 words 17 votes
The US is betting that being furloughed is better than being fired for 600,000 workers Article 9 votes
Walmart employees say they’re preparing for job cuts as retailer rolls out its ‘Great Workplace’ program business Article 1518 words 9 votes
SoftBank is selling its stake in dog-walking startup Wag back to the company, as Wag cuts 80% of staff business Article 9 votes
HQ Trivia lays off ~20% as it preps subscriptions—Just 8% as many downloads as last year business Article 707 words 10 votes