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“Kraken slashing 1,100 jobs as crypto turmoil spreads” Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Higher interest rates and worries of an economic downturn have roiled cryptocurrencies as investors fled risky assets, with…
“CNN begins slashing workers as Chris Licht cuts costs: report” CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network. Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time…
“AMC Networks CEO Christina Spade resigns after less than 3 months” AMC Networks CEO Christina Spade stepped down Tuesday after less than three months on the job — just moments before the company sent out a memo warning employees of mass layoffs. Spade had taken the helm of the cable-TV channel — which isn’t related…
“Company termination ‘tore me apart’” She was looking forward to a big family Thanksgiving when Toria Neal got a text that upended her life: the mother of four was losing her job, along with everyone else in her company. “I couldn’t believe my eyes,” Neal, 36, told The Post. “The text said we were all…
“United Furniture Industries lays off 2,700 workers as they slept” A big US furniture company this week fired all of its 2,700 employees while they were sleeping, telling them in texts and emails not to come to work the next day, according to reports. The mass firing on Tuesday by United Furniture Industries, which makes…
“Elon Musk’s son ran around Twitter amid key meetings: report” Elon Musk’s two-year-old son was running around Twitter headquarters and playing with toys as Musk conducted key meetings shortly after taking over the company earlier this fall, according to a report. The Washington Post reported that Musk brought his son, named X AE A-Xii, into…
“CEO Andrew Jassy tells Amazon workers that layoffs will continue into 2023” Amazon employees can expect the current round of layoffs to continue into 2023, CEO Andrew Jassy said in a memo to workers. The elimination of reportedly 10,000 positions, or 3% of Amazon’s workforce, began this week, but the culling will extend into early…
“Amazon cutting jobs at devices, services units” Amazon on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources. The announcement, Amazon’s first since media outlets including Reuters reported its layoff plans on Monday,…
“NordicTrack maker slashes 300 jobs in fifth round of layoffs” NordicTrack maker iFit Health & Fitness slashed 300 more jobs as the Salt Lake City, Utah-based company continues to reel from a change in post-pandemic habits. The cuts announced Monday were the fifth round of layoffs since late 2021 — trimming the ranks to 1,300…
“Politico founder to shut down struggling tech site Protocol” Protocol, the two-year-old technology news website launched by former Politico owner and publisher Robert Allbritton, is shutting down. Staffers were informed at an all-hands meeting Tuesday that the site will stop publishing on Thursday, CNN first reported. Protocol’s flagship newsletter, Source Code, will continue to operate…