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“United Furniture owner quietly surfaces after firing 2,700 overnight” The owner of United Furniture Industries, which abruptly fired all of its 2,700 employees during a single night last month, has been quietly assisting a wind down of the business — with some insiders claiming he’s trying to “save face” following the brutal bloodbath, The Post…
“Tesla to conduct layoffs, implement hiring freeze as stock sinks: report” Elon Musk’s Tesla is set to conduct layoffs and freeze further hiring as the electric car maker contends with a sustained downturn in its stock price, according to a report Wednesday. Tesla informed employees about the hiring freeze and said “another wave of layoffs…
“Goldman Sachs to lay off as many as 4,000 employees: report” Goldman Sachs is planning to cut as many as 4,000 “low performing” staffers as it looks to shed costs during a profitability crunch, according to a report Friday. Top brass has reportedly asked managers to identify struggling employees for potential cuts, Semafor reported, citing…
“Washington Post announces layoffs in tense town hall meeting” The Washington Post’s all-hands meeting turned chaotic Wednesday after the newspaper’s publisher announced looming layoffs – and then left the room as concerned employees shouted questions. The Jeff Bezos-owned broadsheet will conduct a round of layoffs during the first quarter of 2023, publisher Fred Ryan announced…
“Elon Musk aide told fired Twitter janitor his job will be replaced by robot” A top lieutenant of Elon Musk allegedly told a fired member of Twitter’s cleaning staff that his job would one day be done by robots, according to a report. Julio Alvarado, who worked as janitor at Twitter for 10 years before…
“Goldman Sachs warns of cuts amid fears over job review process” Goldman Sachs CEO David Solomon signaled he’s sharpening the ax again on Tuesday — and the bank’s yearly performance review ritual is rattling employees even further, The Post has learned. The hard-charging boss — who said Tuesday he may slim down the “footprint of…
“Elon Musk’s Twitter faces more legal action in severance flap” A trio of former Twitter employees are taking legal action against the Elon Musk-led company – alleging the billionaire “job killer” stiffed them on promised severance benefits following a sweeping round of layoffs. The former employees — Helen Sage-Lee, Adrian Trejo Nuñez and Amir Shevat –…
“BuzzFeed cutting 12% of workforce as CEO warns of downturn” BuzzFeed will cut about 12% of its workforce to rein in costs, the online media company said Tuesday, as it joins a growing number of US firms that have taken similar measures in anticipation of a potential economic downturn. As of Dec. 31, BuzzFeed had 1,522 employees across…
The Hill’s Morning Report — Georgia Senate runoff runs into 2024 jockeying Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
“United Furniture owner who fired all staff has $24M in real estate assets” Since firing 2,700 workers through texts and emails while they slept last week — just before Thanksgiving – the owner of United Furniture Industries, David Belford, has seemingly disappeared. But he could be hiding out in one of his two homes worth…