Latest in Cuts Workforce Amid
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Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles
Company says it will cut about 200 employees as value plummets in aftermath of huge data breach. The genetic testing firm 23andMe said on Monday it would cut about 40%, or 200 employees, from its ...World - The Guardian - 2 days ago -
McKinsey Cuts Hundreds From China Workforce
The consulting firm is cutting back on state-linked clients and is working to separate its China operationsBusiness - The Wall Street Journal - October 17 -
Beyond Inc. to Cut Workforce by About 20%
Beyond Inc. is cutting about 20% of its workforce as part of broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath ...Business - The Wall Street Journal - October 22 -
Dropbox to cut 20% of workforce as it moves to boost growth
Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...Business - MarketWatch - October 30 -
Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce
More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.Business - MarketWatch - October 17 -
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.Business - MarketWatch - 2 days ago -
23andMe cuts 40% of its workforce and discontinues therapeutics division
23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costsHealth - ABC News - 2 days ago -
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.Business - CNBC - 2 days ago -
Passengers stuck on planes and homes without power
Northern Ireland Electricity restored power to more than 10,000 customers over the course of Sunday.Top stories - BBC News - October 20 -
Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
Stellantis to shutter and sell large testing facility amid cost-cutting efforts
Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.Business - CNBC - October 18 -
Stellantis to sell, shutter large testing facility amid cost-cutting efforts
DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.Top stories - NBC News - October 18 -
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New Interest Rate Cut Comes Amid Post-Election Economic Uncertainty
Trump’s proposed economic policies, particularly tariffs, are anticipated to push inflation up, making the Federal Reserve’s planned series of cuts much less certain.Business - Inc. - November 7 -
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.Business - CNBC - October 25 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
EY slims workforce for first time in 14 years
Slowdown in demand for consulting services leads Big Four accounting firm to post weakest revenue growth since 2010Business - Financial Times - October 17 -
Men over 70 are flooding back into the workforce
The headline figure of 12,000 jobs from the latest labor-market report is getting all the attention — but as usual, the much more interesting stuff is buried in the fine print.Business - MarketWatch - November 2 -
Watch: Biden speaks at White House workforce summit
President Biden, with just over two months left in office, spoke at a White House event Wednesday focused on the administration's "Investing in America" agenda. Biden and first lady Jill Biden are ...Politics - The Hill - Yesterday -
‘Robot revolution’ forces China’s human workforce to adapt
Factory machinery is evolving fast. Can the workers who will use it keep up?World - Financial Times - 21 hours ago -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.Business - CNBC - October 30 -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its file sync ...Top stories - NBC News - October 30 -
23andMe to lay off 40% of its workforce as stock price plummets
The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what ...Top stories - CBS News - Yesterday -
AMD to lay off 4% of workforce, or about 1,000 employees
At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.Business - CNBC - Yesterday -
The Stubborn Myths Dragging Down Your Distributed Workforce—and How to Bust Them for Good
Use these techniques to get your team moving forward.Business - Inc. - November 5 -
Titans cutting Jamal Adams
Jamal Adams' brief tenure in Tennessee is coming to an end.Sports - Yahoo Sports - October 17 -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...Politics - The Hill - November 4 -
Amid trades, Mahomes content with Chiefs' WRs
Patrick Mahomes said the Chiefs have enough talent at wide receiver to get where they want to go this season.Sports - ESPN - October 16 -
Spain omit Bonmatí amid player welfare concerns
Spain coach Montse Tomé has said Aitana Bonmatí's surprise omission from the latest La Roja squad is because the Barcelona midfielder needs a break.Sports - ESPN - October 17 -
Disruption possible amid yellow wind warning for Sunday
The Met Office has issued a yellow weather warning for wind from 03:00 BST on Sunday until noon on Monday.Sports - Yahoo Sports - October 18 -
Trains and buses cancelled amid further disruption
Translink also issued warnings to commuters on Thursday evening as a result of heavy traffic.Top stories - BBC News - October 18
