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#layoffs

Total 15 articles

eBay Cuts 800 Jobs While Betting Big on AI - The Brutal Math of Survival
EconomyEN
eBay Cuts 800 Jobs While Betting Big on AI - The Brutal Math of Survival

eBay lays off 6% of its workforce while investing heavily in AI and acquiring Depop for $1.2B. A look at the harsh realities of competing with Amazon and emerging platforms.

Lucid Motors Cuts 12% of Staff as EV Startup Reality Bites
TechEN
Lucid Motors Cuts 12% of Staff as EV Startup Reality Bites

Lucid Motors laid off 12% of workforce amid profitability push. The luxury EV maker's struggles reveal harsh realities facing Tesla challengers in 2026.

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January Layoffs Hit 108K Workers, Highest Since 2009
EconomyEN
January Layoffs Hit 108K Workers, Highest Since 2009

U.S. employers announced 108,435 layoffs in January, the highest January total since the Great Recession, as tech companies balance massive AI investments with cost-cutting pressures.

Block Eyes 10% Job Cuts as Bitcoin Bet Faces Reality Check
EconomyEN
Block Eyes 10% Job Cuts as Bitcoin Bet Faces Reality Check

Jack Dorsey's Block considers cutting up to 10% of workforce amid falling stock price and pressure to prove bitcoin-focused strategy's profitability.

US Job Cuts Hit Highest January Level Since 2009 Crisis
EconomyEN
US Job Cuts Hit Highest January Level Since 2009 Crisis

American companies announced massive layoffs in January 2025, reaching the highest level since the 2009 financial crisis, signaling potential economic headwinds ahead.

Worst January Layoffs Since 2009: Are Companies Already Writing Off 2026?
EconomyEN
Worst January Layoffs Since 2009: Are Companies Already Writing Off 2026?

US employers cut 108,435 jobs in January, the highest since the 2009 financial crisis, while hiring plummeted to record lows. What does this employment freeze signal for the economy ahead?

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Pinterest CEO Fires Engineers Who Built Internal Layoff Tracker
EconomyEN
Pinterest CEO Fires Engineers Who Built Internal Layoff Tracker

Pinterest CEO Bill Ready fired engineers who created an internal tool to track company layoffs, calling their actions 'obstructionist' amid broader restructuring affecting 15% of workforce.

AI Layoffs or Corporate Cover-Up?
TechEN
AI Layoffs or Corporate Cover-Up?

Over 50,000 workers lost jobs to 'AI' in 2025, but experts say many companies are using artificial intelligence as cover for pandemic-era over-hiring mistakes.

The AI Layoff Wave Hits Dow: 4,500 Jobs Cut for $2B Savings
EconomyEN
The AI Layoff Wave Hits Dow: 4,500 Jobs Cut for $2B Savings

Dow Chemical announces 4,500 job cuts as it pivots to AI and automation, joining a growing trend of tech-driven workforce reductions across industries.

Corporate America's 2026 Job Cuts: Efficiency or Excuse?
EconomyEN
Corporate America's 2026 Job Cuts: Efficiency or Excuse?

Major US corporations continue mass layoffs in 2026 under the banner of efficiency, raising questions about the true drivers behind workforce reductions and their long-term implications for the economy.

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Amazon Cuts Another 16,000 Jobs in Push to Fund AI Revolution
EconomyEN
Amazon Cuts Another 16,000 Jobs in Push to Fund AI Revolution

Amazon's second mass layoff in 4 months brings total cuts to 30,000 corporate workers. The company is reshaping itself for the AI era, but at what cost to employee morale and company culture?

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