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“Cartoon Network’s future in doubt as Warner Bros. Discovery cuts costs” The future of The Cartoon Network has been thrown into question as the cable channel gets gutted by corporate parent Warner Bros. Discovery, whose CEO David Zaslav is looking to trim at least $3 billion from the sprawling media giant. The media company, which…
“Peloton scrambles to soothe analysts after report on layoffs: sources” Peloton executives made a frantic round of phone calls to stock analysts early Thursday, scrambling to soothe concerns after the Wall Street Journal reported that the company has “six months to prove it can survive on its own,” sources told On the Money. The paper’s…
“Twilio announces 11% of employees will lose jobs in ‘Anti-Racist’ layoffs” Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. The San Francisco-based corporate communications company CEO said in the message to employees that the…
“Snapchat plans to ax more than 1,200 employees amid brutal stock slump: report” Snapchat parent Snap Inc. is planning to lay off about 20% of its workforce — or more than 1,200 employees — amid a brutal stock slump, according to a report on Tuesday. The social media app’s layoffs will start on Wednesday, the…
“When layoffs are looming, get proactive to save your job” The writing was on the wall. The stock market analysis company for which Dennis Shirshikov, 32, worked was experiencing financial problems and jobs were about to be cut. “They planned to eliminate my entire department,” said Shirshikov. He was living on Long Island with his…
“‘Dr. Phil’ conducts wave of layoffs in cost-cutting move” The long-running daytime talk show “Dr. Phil” conducted a round of layoffs ahead of its upcoming season this fall, a spokesperson for the show confirmed on Friday. The cost-cutting move affected about 25 workers, most of which worked in production roles for the talk show, the…
“Best Buy cuts hundreds of store jobs to shave costs: report” Best Buy has cut hundreds of store jobs across the United States in the past week, the Wall Street Journal reported on Friday, as the electronics retailer looks to reduce costs in the face of a demand slowdown. The job cuts include some workers who do…
“Online marketing CEO Braden Wallake posts crying selfie announcing layoffs — gets roasted” The CEO of an online marketing firm was lambasted on social media after he posted a “cringeworthy” selfie on LinkedIn that showed him crying as he announced layoffs. Braden Wallake, the CEO of Columbus, Ohio-based marketing services firm HyperSocial, took to LinkedIn…
“I’m worried I’m going to get laid off — what can I do?” I’ve been employed at my job for many years. We had a management change last year, and since then things have been chaotic. Four of my co-workers over the age of 65 have been pushed out or resigned. I feel like I’m…
“Walmart cutting 200 corporate jobs amid lower profit forecasts” Walmart confirmed Wednesday it is laying off corporate workers as part of a restructuring process. “We’re updating our structure and evolving select roles to provide clarity and better position the company for a strong future,” a company spokesperson told FOX Business in a statement. “At the same time,…