Layoffs that continue to make headlines in the past week:
- Hasbro will reduce its number of full-time employees by 15%. The toy maker current president and COO is among the roughly 1,000 people who will lose their jobs.
- Petrochemical company Dow said it will cut 2,000 jobs globally as part of cost-reduction efforts.
- Print and digital publisher Dotdash Meredith is laying off roughly 7% of its staff, or 274 workers.
- Noom has let go an unspecified amount of workers in its third round of layoffs, according to employees posting on LinkedIn.
- Tier Mobility is laying off 80 employees, or roughly 7% of its overall headcount, in addition to 20 from its subsidiary Spin.
- IBM will terminate 3,900 roles, or about 1.5% of its workforce, as it spins off two health units to focus on cloud computing and IT services.
- Vacation rental management company Vacasa shed 1,300 jobs in what is one of the largest layoffs in Portland, Ore., since early in the pandemic.
- Corvus cut about 14% of its workforce as it looks to expand its commercial insurance business in the European sector.
- LinkedIn members are posting about layoffs at skincare brand Curology, smart-gym maker Tonal, software company Yext, organic search firm Terakeet and e-marketer Code3 among others.
- Finch Therapeutics CEO Mark Smith said in a LinkedIn post that the biotech firm would lay off “most” of its team — 95% of staff, according to reports.
- PagerDuty laid off 7% of its workforce, believed to be about 66 employees.
- Innovaccer has cut 245 employees or approximately 15% of its staff. The digital health startup previously laid off 90 people in September.
- Bolt has laid off 10% of its employees or about 50 people. The one-click checkout startup has slashed its headcount by more than half since May.
- Reddit has implemented job cuts among its data science, software engineering, community management & creator relationships teams, sources tell Business Insider.
- Waymo, the self-driving subsidiary of parent company Alphabet, has reportedly let go of an unspecified number of workers.
- In layoffs that are actually smaller than anticipated, The Washington Post cut 20 jobs and will leave 30 current vacancies unfilled.
- 3M, the conglomerate that makes Post-it Notes, Scotch tape, and thousands of other brands, is cutting 2,500 global manufacturing jobs.
- Uber Freight has laid off 150 people from its digital brokerage team, days after Uber's CEO said no companywide job cuts are in the works.
- Newell Brands, the parent company of Sharpie and Rubbermaid, announced it is cutting 13% of its office positions.
- Adweek is reducing its staff by 10%, according to a LinkedIn post from its CEO.
- Gemini, a cryptocurrency exchange, is letting go of 10% of its staff after previously cutting jobs in June and July.
- Spotify employees are bracing for imminent layoffs that will reportedly affect some 600 people.
- Google parent company Alphabet is cutting around 12,000 jobs, or 6% of its global workforce.
- Riot Games, the developer of League of Legends, is cutting 46 of its 5,900 employees.
- Saks.com shrunk its workforce by 3.5% and eliminated 100 jobs.
- TikTok laid off an undisclosed number of workers within its talent acquisition and recruiting teams, Business Insider reports.
- Seven percent of staffers at Vox Media, which owns New York Magazine and publishes the websites Vox and The Verge, were laid off Friday.
- In its second restructuring in six months, Boston-based Wayfair cut more than 1,750 jobs, or about 10% of its total staff.
More January layoffs news:
- WeWork said it was eliminating 300 roles, primarily at its “underperforming” co-working locations.
- More than 500 workers were laid off by student loan company Nelnet after courts blocked the Biden administration's debt relief program, Business Insider reports.
- Capital One eliminated its Agile delivery team, letting go of roughly 1,100 employees.
- Paramount Global has reportedly cut an unspecified amount of jobs at Nickelodeon, according to impacted employees posting on LinkedIn.
- Rocket Mortgage let go of roughly 50 employees, in its second round of layoffs this year.
- Layoffs have hit the e-learning provider GoGuardian, warehouse automation company IAM Robotics and Amazon aggregator Thrasio, according to affected employees posting on LinkedIn.
- Microsoft, LinkedIn’s parent company, is letting go of 10,000 workers as it tries to do “more with less.”
- Thousands of employees in Amazon's retail and HR departments lost their jobs in layoffs expected to affect more than 18,000 people.
- Hootsuite replaced its CEO and eliminated 70 roles in its third round of layoffs in six months.
- Luxury travel subscription company Inspirato Incorporated is laying off 12% of its 800 workers, citing macroeconomic uncertainty.
- Multiple Boston-area technology companies laid off portions of their staff in recent weeks, including drone startup American Robotics (laid off 65%, or 50 people), Definitive Healthcare (laid off 6%, or 55 people), Pegasystems software (laid off 4%, or 250 people), and internet firm Starry Group (laid off 25%, or 100 people).
- Fintech firm Pagaya Technologies said it has laid off 20% of its 600-person workforce in the U.S. and Israel. Israel-founded gifting platform Snappy is also laying off 30% of its headcount, or 100 employees, most of whom are in the U.S.
- JumpCloud, an enterprise software company, cut headcount by 12%, impacting around 100 employees.
- Digital advertising firm Magnite slashed 6% of its global employees to eliminate duplicate positions.
- Teledoc Health is laying off 300 employees, or 6% of its workforce, in a push towards profitability.
- Virtual events platform Hubilo Technologies let go of 35% of its staff, affecting 115 people.
- Fintech banking company nCino slashed 7% of its 1,800 employees.
- Crypto.com, which employed 260 people as of last summer, plans to cut 20% of its workforce due to industry downturns.
- The chief commercial officer role and other executive positions at Wendy’s were eliminated in a bid to cut administrative costs.
- Weighed down by $7 billion in debt, Carvana is “quietly terminating” an unspecified number of employees.
- San Francisco-based Unity Software is cutting 284 of its 8,000 employees after seeing weak digital ad sales.
- BNY Mellon has joined other financial heavyweights in the decision to downsize its workforce and expects to lay off 1,500 people this year.
- Cloud Software Group, the company behind Citrix Systems, NetScaler and TIBCO Software, has laid off thousands of employees throughout the organization.
- With cable subscriptions declining, DirecTV is cutting 10% of its “upper ranks.”
- California-based bikemaker Specialized is downsizing its global workforce by 8%.
- The SmartNews app is cutting approximately 120 workers in the U.S. and China.
- Crypto exchange platform Coinbase plans to cut 20% of its workforce following a crypto market downturn. Last June, the company laid off 18% of its workers.
- Spring, a creator merchandise company formerly known as Teespring, shuttered a production facility in Kentucky and laid off an unspecified number of workers.
- Social good software company Bonterra is laying off around 10% of its employees, according to LinkedIn member posts.
- Ballooning interest rates prompted LendingClub to let go of 225 employees.
- Wonder Group is shedding its business model and an unknown percentage of its staff as it seeks a faster path to profitability.
- Nielsen's headcount will return to early 2022 levels following a post-acquisition hiring spree by its new owners.
- NBC News and MSNBC News are laying off 75 people, The Wrap reported, citing anonymous sources.
- The CEO of Lattice said the HR-software platform is letting go of 15% of its workforce amid a restructuring.
- BlackRock is slated to cut 500 employees, or 3% of its total headcount, after revenue fell 15% last fall.
- Wearable fitness tech's Whoop parted ways with 4% of its workers, which is its second round of layoffs within a year.
- Two organizations from Alphabet’s “Other Bets” division are cutting roles: life sciences research firm Verily is laying off 15% of its staff or 240 people, and robot software firm Intrinsic will lose 40 employees or 20% of its staff.
- Supply chain startup Flexport is trimming 20% of its global headcount.
- Carta, an equity management platform, is letting go of 200 employees, or 10% of its staff.
- After announcing that it may need to seek bankruptcy, Bed Bath & Beyond said it will begin a round of layoffs affecting an undisclosed number of employees.
- Goldman Sachs is laying off roughly 3,200 employees after dealmaking slowed over the last two years.
- LinkedIn members posted about layoffs at biotech research company Editas Medicine, software developer Scale AI and blood transfusion company Secure Transfusions Solutions.
- Mojo Vision, an augmented reality contact lens startup, put production on hold this week and laid off 75% of its staff.
- Primary care company Carbon Health announced its second round of layoffs in a year, reducing its global workforce by 200 people.
- Biotech startup Fate Therapeutics plans to cut its headcount by around half to 220 employees this quarter after ending a deal with Janssen.
- McDonald's announced it is planning to make cuts to its corporate staff over the coming months.
- Marketing software company Attentive has let go 15% of workers, according to impacted employees taking to LinkedIn.
- Everlane is letting go of 17% of its 330 corporate employees.
- Crypto lender Genesis has let go 30% of its workforce, or roughly 60 employees after loaning “hundreds of millions of dollars” to Alameda Research, the trading arm of now bankrupt FTX.
- Consumer goods producer and Vicks owner Helen of Troy will lay off 10% of its staff by March 1.
- Compass is letting go an undisclosed amount of employees for the third time in under a year as the U.S. housing market continues to slow.
- Stitch Fix announced it is planning to lay off 20% of its salaried workers.
- Vimeo cut 11% of its workforce in pursuit of “ongoing cost discipline.”
- Salesforce is shrinking its 80,000-person staff by 10%.
