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“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,…
“Robinhood slashing workforce again” Retail trading platform Robinhood Markets said Tuesday it is laying off about 23% of its employees, sending its shares down more than 3% in extended trading. The company is also changing its organizational structure to “drive greater cost discipline,” Robinhood Chief Executive Officer Vlad Tenev said in a blog post. Robinhood had already slashed 9% of its workforce…
“Netflix orders second round of layoffs, streaming giant slumps” Netflix confirmed Thursday that it is conducting a second round of layoffs as the streaming giant grapples with a slump in paid subscribers and a painful drop in its stock price. A Netflix spokesperson said the company had “sadly let go of around 300 employees.” Company…
“Stephen Ross thinks recession will drive people back to office” Billionaire real estate tycoon Stephen Ross suggested Friday that a looming US economic recession could put an end to the work-from-home craze that swept the country during the pandemic. Ross, whose firm Related Cos. owns office space in New York and across the US, suggested…
“Elon Musk talks layoffs, aliens in Q&A with Twitter employees” Elon Musk staged a town hall meeting with Twitter employees on Thursday, answering questions on everything from layoffs and remote work to politics and aliens as he appeared to double down on his $44 billion commitment to take over the company. Asked about whether he…
“Warner Bros. Discovery reveals aggressive cost-cutting plan” Warner Bros. Discovery, owner of CNN, HBO Max, TLC and Food Network, is mounting an aggressive cost-cutting plan ahead of its promise to find more than $3 billion in savings in 2023. CEO David Zaslav has wasted no time since the $43 billion merger between Discovery and WarnerMedia…
“Elon Musk reacts to cryptocurrency selloff with ‘Cryptonight’” Billionaire and cryptocurrency superfan Elon Musk broke his silence on the recent collapse in digital asset prices — and responded to a meme revealing the next sector of the economy he expects to plunge. Musk reacted to the steep selloff in bitcoin, the largest cryptocurrency by market…