Companies that announced Major Layoffs and Hiring Freezes

Intellizenceoffers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze datafor market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor various public sources like news and WARN filings for the latest layoff and hiring freeze announcements, aggregate, de-duplicate, normalize and deliver the curated layoff data through various channels – API and Web dashboard.

Here is the list of the latest major layoffs announced by leading companies. Since January  1st, 2023, 215 companies have announced layoffs.

Groupon

No. of Employees to be Laid off:  500

Industry:  eCommerce

Jan 2023

Groupon has laid off another 500 employees in a bid to cut costs, according to the  SEC filing. The e-commerce company had cut 500 jobs — nearly 15% of its workforce in August 2022.

Paypal

No. of Employees to be Laid off: 2,000

Industry:  Financial Services

Jan 2023

PayPal will cut about 7 percent of its workforce or about 2,000 full-time workers. It said it was making the cuts due to “the challenging macro-economic environment.”

Goldman Sachs

No. of Employees to be Laid off: 3,000

Industry:  Financial Services

Jan 2023

Goldman Sachs has started laying off employees in a cost-cutting drive, with around a third or 3,000 people likely to be let go. The employees were called to the office for a meeting with CEO David Solomon at its headquarters in New York. This layoff drive is said to be the largest among banks.

Hubspot

No. of Employees to be Laid off: 500

Industry:  Technology

Jan 2023

Philips

No. of Employees to be Laid off: 6000 

Industry: Consumer Products

Jan 2023

Lam Research Corp.

No. of Employees to be Laid off: 1300 

Industry:  Manufacturing

Jan 2023

Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% of its workforce to reduce expenses in a declining market. The company will eliminate about 1,300 jobs worldwide,

Vacasa

No. of Employees to be Laid off: 1300 

Industry:  Real Estate

Jan 2023

Vacation rental management company Vacasa has laid off 1,300 employees to stabilize the faltering Portland company. The company is cutting costs in response to slowing sales, organizational problems, and a new focus on profitability.

Best Buy

No. of Employees to be Laid off: 700 

Industry:  Retail

Jan 2023

Best Buy Co. is cutting store jobs across the country as the electronics and appliance retailer works to lower costs in response to changing customer spending habits. The company is laying off workers even as theU.S. jobs market remains strong.

Goodyear and Tire Co.

No. of Employees to be Laid off: 500 

Industry:  Manufacturing

Jan 2023

Ohio-based Goodyear company plans to cut about 500 jobs, about 5 percent of its total workforce, to cut costs.  Richard Kramer, CEO of the company, said, “While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success.”

Dow Chemicals

No. of Employees to be Laid off: 2000 

Industry:  Chemicals

Jan 2023

Dow Inc. is laying off about 2,000 employees globally as job cuts that have so far been concentrated in the technology sector spread to other parts of the economy. The Mich.-based chemicals company said it is targeting $1 billion in cost cuts this year as slowing economic growth and a drop-off in demand weigh on sales.

Hasbro

No. of Employees to be Laid off: 15% of  global employees (1000)

Industry:  Toys

Jan 2023

Hasbro, Inc., a global branded entertainment leader, would cut about 15% of its global workforce this year and start taking effect within the next several weeks. With these actions, along with ongoing systems and supply chain investments, the company is on track to achieve its goal of $250-300M in annual run-rate cost savings by year-end 2025 to drive profitability and reinvestment in core brand growth.

SAP

No. of Employees to be Laid off:  2800

Industry:  Technology

Jan 2023

One of Europe’s largest software companies, SAP, will lay off 2.5% of its global workforce of 112,000. According to the published earnings report, this number would be around 2,800 employees.  SAP CEO Christian Klein said that the move was part of a restructuring that would allow the company to invest in the areas “where it matters for SAP to be competitive in the future,” particularly its cloud business.

IBM

No. of Employees to be Laid off:  3900

Industry:  Technology

Jan 2023

IBM has joined the wave of companies conducting layoffs. It said the company would cut about 3,900 jobs, 1.5% of its global workforce. The job cuts were related to the spinoff and sale of its two businesses, Kyndryl Holdings IT infrastructure business and its healthcare analytics business, which an investment firm is acquiring.

Spotify

No. of Employees to be Laid off: 600 (6% of Employees)

Industry:  Telecommunications

Jan 2023

Spotify is cutting 6% of its global workforce as the music streaming company struggles with the economic environment that has seen consumers and advertisers limit their spending. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online. As part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.

3M

No. of Employees to be Laid off:  2500

Industry:  Manufacturing

Jan 2023

3M Co., the makers of Post-it notes, surgical supplies, and touch-screen displays, plans to cut about 2,500 manufacturing jobs. The company cited persistent economic hurdles and profit shortfall for layoffs.

Alphabet

No. of Employees to be Laid off:  12,000

Industry:  Technology

Jan 2023

Google’s parent company Alphabet plans to lay off 12,000 employees across sections. This was stated in an email communication by Google CEO Sundar Pichai. According to the email, employees in the US were informed about their severance already. Those in other countries would be intimated in due course since the process would have to abide by local laws and practices.

Microsoft

No. of Employees to be Laid off:  10,000

Industry:  Technology

Jan 2023

Microsoft is letting go of 10,000 employees through March 31 as the software maker braces for slower revenue growth. This represents less than 5 percent of the total employee base. “I’m confident that Microsoft will emerge from this stronger and more competitive,” CEO Satya Nadella told employees in a memo posted on Microsoft’s website.

Coinbase

No. of Employees to be Laid off:  950

Industry:  Financial Services (Crypto)

Jan 2023

As the crypto winter continues and the market continues to deal with the aftermath of the collapse of Luna and the FTX implosion, Coinbase has again announced staff layoffs.  Coinbase CEO Brian Armstrong confirmed in a released statement on January 10 that the company would be reducing operating expenses by 25%, which involves laying off another 950 employees.

Nikola Motor Company

No. of Employees to be Laid off:  400

Industry:  Automobile 

Jan 2023

Electric truck maker Nikola Corp. would close a practically new battery-making plant in Cypress, California, and move the work to its own assembly plant in Coolidge, Arizona. This would put the future of up to 400 former Romeo Power Inc. workers unclear. Nikola filed a Worker Adjustment and Retraining Notification Act (WARN) notice for the plant.

Blackrock

No. of Employees to be Laid off:  500

Industry:  Financial Services

Jan 2023

BlackRock has laid off 500 jobs globally, making its headcount “broadly flat.” The layoffs came with a $91 million restructuring charge in the fourth quarter, consisting of severance and accelerated amortization compensation for the impacted employees, CFO Gary Shedlin said during a fourth-quarter 2022 earnings call.

Informatica

No. of Employees to be Laid off:   450

Industry:  Technology

Jan 2023

Informatica plans to reduce its workforce by 7% in the first quarter of 2023. The layoffs will affect about 450 employees out of the company’s global workforce of over 5,500. The layoffs will help the company align its workforce with its cloud-based priorities and reduce costs.

ShareChat

No. of Employees to be Laid off:  500

Industry:  Technology  

Jan 2023

The Google-backed social media firm SharChat has laid off around 500 employees, citing “several external macro factors that impact the cost and availability of capital.”

“We’ve had to take some of the most difficult and painful decisions in our history as a company and let go of around 20 percent of our incredibly talented employees who have been with us in this start-up journey,” a company spokesperson said an official statement.

Wyre

No. of Employees to be Laid off:  100% of Employees

Industry:   Financial Services (Crypto)

Jan 2023

Wyre, a blockchain-based payments transfer company, has reportedly informed its employees it is shutting down operations in the first quarter of 2023. Its CEO insists that the company is scaling back. However, the company’s CEO Ioannis Giannaros responded to Axios’ request, claiming, “We’re still operating but will be scaling back to plan our next steps.”

Amdocs

No. of Employees to be Laid off:  700 (3% of Employees)

Industry:   Technology

Jan 2023

Amdocs, a global tech company, plans to lay off 3% of its workforce, a total of 700 employees. This includes 100 layoffs in Israel, where Amdocs has a significant presence with about 5000 employees. Despite these layoffs, Amdocs has stated that it is continuing to recruit for numerous positions.

Bilibili

No. of Employees to be Laid off:  30% of Employees

Industry:  Video Technology

Dec 2022

Chinese video platform Bilibili has started a new round of layoffs involving the firm’s operations, gaming, and streaming units, with 30% of staff in these teams being sacked. The company offers laid-off employees an “N(working years)+2” compensation package.

TaxBit

No. of Employees to be Laid off:  15% of Employees

Industry:  Financial Services

Dec 2022

Cryptocurrency tax startup TaxBit, which has dual headquarters in Seattle and Salt Lake City, has laid off 15% of its staff.  The company offered three months of severance, paid health care premiums, and accelerated equity grants. The company also provides $5,000 to cover external immigration counsel and support for employees on a work visa.

Binance Holdings Ltd.

No. of Employees to be Laid off:  58% of Employees

Industry:  Financial Services

Dec 2022

Binance Holdings, the largest crypto exchange in terms of trading volume, has laid off 58% of its workforce in its Indonesian unit known as Tokocrypto.  Binance chief Changpeng Zhao has also confirmed the transaction through Twitter.

TuSimple 

No. of Employees to be Laid off:  700

Industry:  Automotive Technology

Dec 2022

Self-driving trucking company TuSimple Holdings Inc (TSP.O) plans to potentially cut half of its workforce which would likely affect at least 700 employees. The layoffs come after the self-driving truck startup removed its Chief Executive Officer, Xiaodi Hou, in October following an investigation by its board. The investigation revealed some employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China.

SeniorBridge Home Care (Humana)

No. of Employees to be Laid off:  1162

Industry: Healthcare

Dec 2022

Humana is laying off at least 1,162 employees in two states following the decision to close all its SeniorBridge home care facilities nationwide. The payer closed 16 facilities at the end of 2022 and planned to close its remaining seven locations in New York by March 5.

In New York, 1,005 employees will be officially laid off on March 6 in New York City, Long Island, and Westchester County, according to a Dec. 7 WARN filing. In Florida, 157 employees were laid off at the SeniorBridge facility in Jupiter, which closed at the end of 2022.

Huobi

No. of Employees to be Laid off:   600

Industry: Financial Services

Dec 2022

Crypto company Huobi has canceled all year-end bonuses and will lay off nearly 600 people, almost half of its team. According to anonymous insider sources, Huobi will slash the salaries of senior employees.

DHL Supply Chain

No. of Employees to be Laid off:   400

Industry: Logistics

Dec 2022

DHL Supply Chain is laying off 394 workers across two of its facilities in Livermore, California, according to Worker Adjustment and Retraining Notification Act notices dated Dec. 14.

A total of 350 employees will be laid off from one of the facilities in Alameda County and the rest from the other, effective Feb. 12, 2023. Forklift operators, material handlers, kitting technicians, and supervisors will be the employees impacted.

Pratt & Whitney

No. of Employees to be Laid off:  900

Industry:   Aerospace Manufacturing

Dec 2022

US jet engine maker Pratt & Whitney is set to stop manufacturing compressor blades at Blades Technology Ltd. (BTL) in Nahariya after more than 40 years. This will put 900 jobs at risk.

OYO Rooms

No. of Employees to be Laid off:  600

Industry:   Tourism & Hospitality

Dec 2022

Softbank-backed Indian hotel aggregator Oyo Hotels is cutting 600 jobs of its 3,700 employees, mostly in its corporate and technology teams.

Morgan Stanley

No. of Employees to be Laid off:  1600

Industry:   Financial Services & Banking

Dec 2022

Morgan Stanley has cut about 2 percent of its workforce, affecting about 1,600 positions out of its global workforce of more than 81,000 employees. It follows workforce reductions as banking companies return to the annual selection of ‘underperformers.’

Vedantu

No. of Employees to be Laid off:  385

Industry:   Edutech

Dec 2022

Edtech unicorn Vedantu has laid off 385 employees, which comprises 11.6% of its workforce. This is Vedantu’s fourth round of layoffs this year, with 624 in May 2022 and 100 workers in August.

GLINTS

No. of Employees to be Laid off:  18% of Employees

Industry:  Human Resource

Dec 2022

GLINTS, a Singapore-based HR startup focused on career development and talent recruitment, has retrenched 18 percent of its 1,000 employees.

Airtable

No. of Employees to be Laid off:  254

Industry:  Human Resource

Dec 2022

San Francisco’s Airtable will lay off 254 employees, about 20% of the company, as tech job cuts continue across the Bay Area tech industry. The company’s software allows businesses to put together databases and spreadsheets on the cloud without using code.

In uncertain economic times, the company plans to refocus on large enterprise clients, a business area that is growing strongly.

Sensei Biotherapeutics

No. of Employees to be Laid off:  40% of its Workforce

Industry:  Biotechnology

Dec 2022

Sensei Biotherapeutics is streamlining and realignment its resources and plans to reduce its workforce by approximately 40%.

Stellantis

No. of Employees to be Laid off:  1350

Industry: Automobile (EV)

Dec 2022

Stellantis is shuttering its Illinois plant in February, resulting in indefinite layoffs for 1,350 employees.

Stellantis said, “Our industry has been adversely affected by many factors like the ongoing Covid-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market.”

Sciolex Corp

No. of Employees to be Laid off:  460

Industry: Consulting

Dec 2022

Consulting firm Sciolex Corp. is laying off 460 employees in its Orange County site in Laguna Niguel, California, according to a recent Worker Adjustment and Retraining Notification Act (WARN) filing.

DoorDash

No. of Employees to be Laid off:  1200

Industry:  Food Delivery

Dec 2022

US food delivery app DoorDash lets off around 1200 of its employees, which is 30% of its workforce. The company cited excess hiring when delivery demand surged during the COVID-19 pandemic as the reason for layoffs.

Kraken

No. of Employees to be Laid off:  30% (1100) of  Employees

Industry:  Crpto

Dec 2022

Kraken, one of the world’s largest crypto exchanges, is laying off about 30% of its headcount, or 1,100 people,“to adapt to current market conditions,”  The company specified slowing macroeconomic and geopolitical factors as driving the weakening in crypto markets.

H&M

No. of Employees to be Laid off:  1500

Industry:  Retail

Dec 2022

The world’s No.2 fashion retailer H&M will cut 1,500 jobs to reduce costs amid softening demand and a surge in the cost of living. This will save the company 2 billion Swedish crowns per year in September.

Reverse Mortgage Funding

No. of Employees to be Laid off:  80% of Employees

Industry:  Financial Services

Nov 2022

Reverse Mortgage Funding, LLC has laid off 80% of its staff. The company said, “like many of its peers, it has been challenged by unprecedented interest rate hikes and overall macroeconomic volatility. As a result, the cost of financing and securitizing reverse mortgages has made it impossible for RMF to continue originations for seniors looking to unlock value in their homes at this time.”

Spectrum Pharmaceuticals 

No. of Employees to be Laid off:  30% of Employees

Industry:  Pharmaceuticals 

Nov 2022

Spectrum Pharmaceuticals is cutting about 30% of its workforce to prioritize work on its two late-stage assets. The company has gone through a number of challenges, including a sale of its marketed drugs portfolio in 2019 and an FDA rejection for a key prospect last year. Now, it’s laying off staff to save cash and focus on its mid and late-stage cancer meds.

MessageBird

No. of Employees to be Laid off:  31% of Employees

Industry:  Communications

Nov 2022

MessageBird, an Amsterdam-based cloud communications platform, has laid off 31% of its staff. Poor macroeconomic conditions and the looming recession led the company to move.

AMC Networks

No. of Employees to be Laid off: 20% of Employees

Industry:  Communications

Nov 2022

AMC Networks plans to lay off about 20% of its U.S. employees, a sign of further disruption at the company. Earlier their chief executive had stepped down less than three months after taking the position.

“We have determined we need to conserve resources at this time,” the entertainment company said Tuesday. “This will involve cutbacks in operations which unfortunately includes a large-scale layoff, impacting approximately 20% of our employees in the U.S.”  

United Furniture Industries

No. of Employees to be Laid off:  2,700

Industry:  Manufacturing

Nov 2022

United Furniture Industries, a Mississippi-based furniture company, abruptly terminated the services of nearly 2,700 workers in the US just days before Thanksgiving. Thousands of workers – many of whom were asleep – received a text message from the company saying that they were laid off effective immediately and were no longer allowed to return to work.

Infarm

No. of Employees to be Laid off:  500

Industry:  Agri Technologies

Nov 2022

Infarm is making a significant strategy shift and accelerating its drive toward profitability. The company is reducing the number of production sites impacting over half the workforce. Around 500 employees will leave the company. 

Hirect

No. of Employees to be Laid off:  40% of Employees

Industry:   Business Services

Nov 2022

Hirect, a chat-based direct hiring platform for startups, has laid off 40% of its employees in what the company termed an organizational restructuring and a strategic change in its business model.

Alphabet 

No. of Employees to be Laid off:  10,000

Industry:  Technology

Nov 2022

Alphabet, Google’s parent company, plans to lay off about 10,000 “poor performing” employees, or 6 percent of its workforce, following the layoffs by Meta, Amazon, Twitter, Salesforce, and more amid the rough global conditions.

NexImmune

No. of Employees to be Laid off:  30% of Employees

Industry:  Biotechnology

Nov 2022

NexImmune, an 11-year-old biotech developing immunotherapy treatments for cancer and autoimmune diseases, is cutting clinical programs and laying off 30% of the workers who run them.

Hewlett Packard 

No. of Employees to be Laid off:  6000

Industry:  Technology

Nov 2022

Hewlett Packard would lay off as many as 6,000 employees over the next three years as the slumping world economy continues to trouble the US tech sector. HP aims to save $1.4 billion in annual savings through 2025 as it follows the cost-cutting path of other tech giants such as Facebook owner Meta, Amazon, and Twitter.

Cisco

No. of Employees to be Laid off:  4000

Industry:  Technology

Nov 2022

Network giant Cisco is reportedly planning to lay off over 4,000 employees! This is around 5 percent of Cisco’s total headcount of 83,000. Paying off employees is part of the “rebalancing” process. 

Caravana

No. of Employees to be Laid off:  1500

Industry:  e-Commerce

Nov 2022

Carvana plans to lay off about 1,500 employees, or 8% of the company’s workforce.

The workforce reductions come as the online used-car retailer faces an economic slowdown and an uncertain future. The layoff also adds to the 2,500 employees the company planned to lay off earlier this year after it overshot its growth strategy.

Foxconn

No. of Employees to be Laid off:  Hiring Freeze

Industry:  Technology

Nov 2022

Foxconn, the major iPhone supplier, has paused its hiring because of a four-day quarantine space shortage. The company requires 1,00,000 new workers to get back to full capacity, but due to a shortage of quarantine space, it has frozen the hiring.

GE Appliances

No. of Employees to be Laid off:  5% of Employees

Industry: Manufacturing

Nov 2022

GE Appliances is planning to lay off 5% of its salaried workforce citing the rising cost of keeping the company running. CEO Wood said in a email, “GE Appliances has invested in new technology and products to keep the company competitive for the long term. However, with double-digit material inflation and a highly disrupted supply chain, manufacturing and operating costs have reached historic levels.” 

Amazon

No. of Employees to be Laid off:  10000

Industry:  e-Commerce

Nov 2022

Amazon to cut down around 10,000 employees, around three percent of its 3 lakh-plus corporate workforce. The company has offered voluntary buyouts to some human-resources staff. Amazon will work closely with the impacted employees and help provide support, including assisting in finding new roles.

Twitter

No. of Employees to be Laid off:  4,400 

Industry:   Technology

Nov 2022

A week after firing about 50% of its workforce, i.e. around 3,700 employees, Twitter has laid off at least 4,400 contractual workers. Many people found out about their termination after they abruptly lost access to Twitter’s internal systems.

GoTo Group

No. of Employees to be Laid off:  1000 

Industry:   Technology

Nov 2022

GoTo Group, Indonesia’s largest internet company, is planning to cut more than 10% of the workforce, which will affect 1,000 jobs as it seeks to cut costs and shore up its finances. The layoffs will affect all divisions.

C.H Robinson

No. of Employees to be Laid off:  1000 

Industry:   Logistics 

Nov 2022

Truck brokerage company C.H. Robinson Worldwide has laid off approximately 650 employees.  The move comes a week after the company reported weaker-than-expected third-quarter results. They strongly hinted at impending labor cost reductions to meet the impact of slowing demand and increased costs.

Whispir

No. of Employees to be Laid off:  1000 

Industry:   Technology

Nov 2022

Whispir, a cloud-based Australian communications tech company that offers a platform for everything from crisis management to marketing, has let go of 30 percent of its workforce. The move has delivered $14.3 million in savings a year. 

Sema4

No. of Employees to be Laid off:  500

Industry:   Biotechnology

Nov 2022

Sema4, a Stamford-based genomic-testing biotech company, has laid off approximately 500 jobs, closed its Stamford laboratory, and ended reproductive health testing.

Veev

No. of Employees to be Laid off:  30% of Employees (100)

Industry:  Real Estate

Nov 2022

Property technology company Veev is laying off around 100 employees, which accounts for around 30% of its workforce. The company raised a $400 million Series D and reached unicorn status in March. The funds were used to grow its system which leverages a proprietary panelized approach to produce fully clad walls, complete with mechanical, electrical, and plumbing (MEP) solutions.

OfferUp

No. of Employees to be Laid off:  19% of Employees

Industry:  e-Commerce

Nov 2022

Mobile marketplace operator OfferUp is laying off about 19% of its staff, joining a growing list of technology companies cutting costs amid a shaky economy.

OwnBackup

No. of Employees to be Laid off:   17% of Employees (170)

Industry:  Technology

Nov 2022

Israeli-US data protection platform OwnBackup to lay off 17% of its employees (170). The cuts are mainly in the US, with a small number of layoffs in Israel.

Meta

No. of Employees to be Laid off:  11000

Industry:  Technology

Nov 2022

Meta plans to cut 13 percent (11000) of its workforce in Canada in a bid to become “leaner and more efficient.” The cuts are the product of a miscalculation on the growth of e-commerce, which Zuckerberg thought would be permanent but has been falling from its pandemic highs.

Mythical Games

No. of Employees to be Laid off:  10% of Employees

Industry:  Gaming Technology

Nov 2022

Mythical Games, a blockchain video game company that has raised more than $270 million in venture capital, laid off 10% of its staff and lost three top executives.

Unacademy

No. of Employees to be Laid off:  350 – 10 percent of its workforce 

Industry:  Edtech

Nov 2022

Edtech major Unacademy has laid off 10 percent of its workforce or nearly 350 employees, as funding winter deepens for the Indian startup ecosystem.

Beat

No. of Employees to be Laid off:  600 

Industry:   Ride-hailing 

Nov 2022

Beat, a competitor to Uber, operating in LatAm and Greece, with a tech hub in Amsterdam, is fully shutting down and laying off about 600 of its employees including 170 software engineers.

Schaeffler 

No. of Employees to be Laid off:  1300 

Industry:  Automobile

Nov 2022

German automotive supplier Schaeffler plans to cut 1,300 jobs, or 1.6% of its global workforce, as the sector grapples with the shift from combustion engines to electric vehicles.

The Dixie Grouo

No. of Employees to be Laid off:  20% of Employees

Industry:  Manufacturing

Nov 2022

The Dixie Group is consolidating its East Coast tufting operations to its existing plant in Dalton, Georgia, and cutting its staff by 20% this year in response to the weakening floorcovering market.

Twitter

No. of Employees to be Laid off:  3,700

Industry:   Technology

Nov 2022

Twitter cut close to 3,700 people this week via email as a way to trim costs following Musk’s $44 billion acquisition, which closed in late October. Many employees learned they lost their job after their access to company-wide systems, like email and Slack, were suddenly suspended. Twitter, is now reaching out to dozens of employees who lost their jobs and asking them to return.

Amazon

No. of Employees to be Laid off:  Hiring Freeze

Industry:   e-Commerce

Nov 2022

Amazon is pausing hiring for roles in its corporate workforce. The company had already announced last month it would freeze hiring for corporate roles in its retail business, but the latest update affects its other businesses.

Rubius Therapeutics

No. of Employees to be Laid off:  82% of Employees

Industry:   Healthcare

Nov 2022

Rubius Therapeutics plans to start off large restructuring that includes laying off 82% of its staff and a possible sale. According to company’s Form 8-K filing with the SEC, Rubius board of directors have approved a plan to “review strategic alternatives, including a sale or merger of the Company or one or more sales of its assets.” 

Udaan

No. of Employees to be Laid off:   400

Industry:   e-Commerce

Nov 2022

B2B e-commerce unicorn Udaan has started the second round of layoffs, citing macroeconomic conditions. Around 350-400 payrolled employees across functions and a number of contractual staff will be impacted by these layoffs.

Kry International AB

No. of Employees to be Laid off: 300 (10% of employees)

Industry:   Health Tech

Nov 2022

Digital health provider Kry, known as Livi in the UK and France, to layoff another 10% of its workforce of about 3,000 — its second set of layoffs this year.

OpenDoor

No. of Employees to be Laid off: 500

Industry:  Real Estate

Nov 2022

Opendoor is letting go of about 550 people, or 18% of the company, across all functions, Increasing mortgage interest rates and inflation are largely responsible for the decreased demand that has led to slowdowns in business.

Seagate Technology

No. of Employees to be Laid off: 3000 

Industry:  Technology

Oct 2022

Hard drive maker Seagate Technology plans to cut 8% of its global workforce, or about 3,000 employees, citing economic uncertainty and declining demand for its parts.

Microsoft

No. of Employees to be Laid off: 1000 

Industry:  Technology

Oct 2022

Microsoft has let go of additional 1000 employees as the software maker’s revenue is expected to slow, thanks to weaker sales of Windows licenses for PCs. “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson.

No. of Employees to be Laid off:  580

Industry:  Technology

Oct 2022

Starry that made a debut on the New York Stock Exchange (NYSE) six month back, has laid off about half its workforce. The total number of Starry employees laid off is 508. The reduction was made across all of Starry’s markets and divisions, including corporate/administrative, sales, marketing, engineering, manufacturing and construction roles.

Zillow

No. of Employees to be Laid off:  300

Industry:    Real Estate

Oct 2022

The Seattle-headquartered online real estate marketplace Zillow, has laid off about 300 employees as it is shifting focus toward technology-related positions in the company.  The positions impacted Zillow Offer advisors, PA sales and back-end staff at Zillow Home Loans and Zillow Closing Services, as well as other teams.

Credit Suisse 

No. of Employees to be Laid off:  9,000

Industry:   Financial Services

Oct 2022

Credit Suisse plans to slash 9,000 jobs and hive off its investment banking unit after posting a £3.5 billion loss in its third quarter.

Electrolux

No. of Employees to be Laid off:  4,000

Industry:    Manufacturing

Oct 2022

Swedish home appliances maker Electrolux on Friday announced that it would cut up to 4,000 jobs as part of a restructuring programme, as the company reported heavy third quarter losses.

International Distributions Services 

No. of Employees to be Laid off:  10,000

Industry:   Logistics

Oct 2022

 International Distributions Services, the parent firm of the British Royal Mail, plans to lay off 10,000 jobs by next August, reason being ongoing strike action and rising losses at the business. The company will begin notifying workers of its plan, which includes up to 6,000 redundancies.

Siemens Gamesa

No. of Employees to be Laid off:  2900

Industry:   

Oct 2022

The wind turbine company Siemens Gamesa, to lay off 2900 jobs, stating delivery delays and the rise in material costs as part of its turnaround plan. The company plans to focus on the offshore wind segment.

Byju’s

No. of Employees to be Laid off:  2500

Industry:   

Oct 2022

BYJU’s, the Edtech company is planning to lay off 2,500 employees in the next six months, which account for 5% of its workforce. The step is being taken with an aim of becoming profitable by March 2023. 

HelloFresh

No. of Employees to be Laid off:  600

Industry:   Consumer Products

Oct 2022

HelloFresh, the Berlin-based meal kit provider, has announced plans to close their production facility in Richmond, CA. The move will eliminate approximately 600 jobs.

Noom

No. of Employees to be Laid off:  500

Industry:   Healthcare

Oct 2022

Noom, a health coaching platform valued at $3.7 billion last year, has laid off 10% of its staff or around 500 people for the second time in a matter of months. The downsizing mainly impacts its coaching team. 

Peloton

No. of Employees to be Laid off:  500

Industry:   Consumer Products

Oct 2022

Fitness equipment maker and streaming company Peloton plans to cut 500 jobs as it struggles and aims to return to growth amidst recession. The cuts would amount to 12% of Peloton’s workforce.

Novartis

No. of Employees to be Laid off:  400

Industry:   Pharmaceutical

Oct 2022

Novartis, the Swiss pharma, is cutting about 400 jobs at its global service center at Elm Park in Dublin by the end of 2024. The strategic decision is part of Novartis’ operations globally, to make the company “leaner and simpler.”

Clear Capital

No. of Employees to be Laid off:  378

Industry:   Real Estate

Oct 2022

Clear Capital, a real estate valuation technology company and firm, is laying off 27% of its staff months after freezing mass hiring.

Oracle

No. of Employees to be Laid off:  201

Industry:   Technology

Oct 2022

Oracle has laid off more than 200 of its workers in California months after its $28 billion Cerner acquisition.The jobs that were affected included data scientists, application developers, marketing specialists and software developers.

Amgen

No. of Employees to be Laid off: 1100

Industry:  Energy & Utilities

Sept 2022

Amgen plans to cut 20% of its global staff, a move that will affect up to 1,100 more jobs on top of the 2,900 layoffs already in the works. It is a part of Amgen’s restructuring and reorganization.

Gap

No. of Employees to be Laid off: 500

Industry:  Retail

Sept 2022

Gap will layoff roughly 500 corporate jobs, adding to the problems that the beleaguered retailer is currently facing. The cuts include a mix of layoffs and open roles at the company’s corporate offices in New York, San Francisco and across Asia,

Ola

No. of Employees to be Laid off: 500

Industry:  Automobile

Sept 2022

With the sale of its electric two-wheeler on the decline, ride-hailing major Ola is reportedly laying off nearly 500 employees, from its various software verticals of ANI technologies which operates at Ola Cabs. Employees are being laid off as part of the “restructuring exercise” worked on the Ola app.

Bristol Myers Squibb & AbbVie 

No. of Employees to be Laid off:  360

Industry:  Pharmaceuticals

Sept 2022

AbbVie and Bristol Myers Squibb (BMS) are trimming down their staff to the tune of 360 staffers on the West Coast. For BMS, the layoffs are tied to a recent acquisition.

In separate WARN alerts filed in California, AbbVie and BMS plan to lay off 99 and 261 employees, respectively.

Wells Enterprises 

No. of Employees to be Laid off:  319

Industry:  Retail

Sept 2022

Wells Enterprises will begin laying off nearly 320 employees at its ice cream plant in Dunkirk at the end of the year. The Iowa-based Wells has planned to “scale back operations” by reducing its production lines from about 20 to five.

Wipro

No. of Employees to be Laid off: 300

Industry:  Technology

Sept 2022

Wipro company fired 300 workers after they were found moonlighting – the term is used for workers who have secretly taken a second job, that is, without letting their primary employer know. Wipro chairman Rishad Premji added that he is not against employees taking second jobs but hopes for more transparency and not be working for competitors secretly.

Nordstrom

No. of Employees to be Laid off: 200

Industry: Retail

Sept 2022

Nordstrom plans to cut 222 employees at a distribution center in Cedar Rapids, Iowa, according to a WARN notice filed with the state. The distribution center is one of two supply chain facilities that Nordstrom operates in Iowa, which together amounts to 1.5 million square feet of space and are the retailer’s only facilities in the Midwest.

PowerHome Solar

Credit Suisse

No. of Employees to be Laid off: 5000

Industry:  Financial Services

Sept 2022

Credit Suisse plans to eliminate more than 5,500 jobs by the end of this year as the company looks to further reduce costs and improve the lender’s prospects.

VF Corporation

No. of Employees to be Laid off: 600

Industry:   Manufacturing

Sept 2022

VF Corporation is laying off 300 employees and eliminating 300 open positions. The layoffs and position cuts are meant to align our people and capabilities with our highest strategic priorities.

Packable Holdings 

No. of Employees to be Laid off: 456

Industry:   e-Commerce

August 2022

Packable Holdings LLC, a vendor of well-being and sweetness merchandise on Amazon.com and different e-commerce websites, will lay off 456 Lengthy Island staff within the coming months and shutter its amenities after a plan to go public unraveled.

Gannet

No. of Employees to be Laid off: 400

Industry:   Media

August 2022

Gannett has laid off about 400 employees – roughly three percent of their U.S. workforce as part of dramatic cost-cutting measures after the national media chain lost $54 million in the second quarter of this year.

Amazon

No. of Employees to be Laid off: 353

Industry:   e-Commerce

August 2022

Amazon is laying off 353 workers after closing two of its  Baltimore-area warehouses. The downsizing by the internet retailer is a result of slowing sales after the surge in online spending during the height of the pandemic.

Pentair

No. of Employees to be Laid off: 210

Industry:   Energy

August 2022

Pentair, a multinational water supply, distribution, and treatment corporation, will close its facilities in Brookfield and Pewaukee, resulting in 210 job eliminations. The company will ensure that all employees will be paid all earned wages and agreed-upon benefits at the time of their termination.

Tencent

No. of Employees to be Laid off: 5500

Industry:  Technology

August 2022

Tencent laid off nearly 5,500 employees from its payroll last quarter.  The tech company announced layoffs for the first time in 10 years.

Xiaomi

No. of Employees to be Laid off: 900

Industry:  Technology

August 2022

Xiaomi, the Chinese smartphone manufacturer, has laid off about 900 people, affecting about three percent of its over-32,000-strong workforce. The reason is the falling revenues. The Company’s revenue, the political situations worldwide, rising fuel prices, global inflation, and fluctuations in foreign exchange.

Wayfair

No. of Employees to be Laid off: 900

Industry:  e-Commerce

August 2022

Wayfair, the online home goods retailer, is laying off close to 900 employees to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May.

Peloton

No. of Employees to be Laid off: 800

Industry: Consumer Products

August 2022

Peloton, the exercise equipment company, is laying off nearly 800 people across its customer service and distribution departments. This is the company’s third round of layoffs in 2022. It’s also closing retail stores and raising prices on its popular exercise bikes as it faces declining sales and plunging stock prices. Peloton laid off roughly 3,000 workers in February and cut more than 500 overseas roles last month.

Signify Health

No. of Employees to be Laid off: 498

Industry: Healthcare

August 2022

Dallas-based home health services company Signify Health is laying off 489 employees in Texas, South Dakota, New York, and Connecticut. The majority of those laid off, 342 employees, are remote workers. The company is encouraging laid-off employees to apply for open positions.  

Nutanix

No. of Employees to be Laid off: 270

Industry: Technology

August 2022

Cloud computing company Nutanix expects to lay off 4% of its workforce, or 270 employees, by the end of October. According to an SEC filing, the reduction in headcount “is part of the company’s ongoing efforts to drive towards profitable growth.”

Crypto.com

No. of Employees to be Laid off: 260

Industry: Financial Services

August 2022

cryptocurrency exchange Crypto.com has laid off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market. Since the initial layoffs, the company has also let go of hundreds more employees. These new layoffs have not been publicized, and it’s difficult to estimate their exact number.

Sema4 

No. of Employees to be Laid off: 250

Industry: Biotechnology

August 2022

Sema4, the AI-backed genomic and clinical data company, has laid off around 250 workers, about 13% of its workforce, as part of a larger restructuring. Combined with earlier layoffs from the year’s first half, Sema4 has cut approximately 30% of the jobs from its legacy business.

Alibaba

No. of Employees to be Laid off: 10,000

Industry: e-Commerce

August 2022

Chinese e-commerce giant Alibaba Group laid off 9,241 employees from the total workforce of 245,700 amid poor performance. The layoffs were necessitated as the company tried to push up profitability through efficiency while also contending with increased regulatory pressure from Chinese authorities.

Siemens Gamesa 

No. of Employees to be Laid off: 2500

Industry: Renewable Energy

August 2022

Wind turbine maker Siemens Gamesa is planning to cut around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover.

DeHaat

No. of Employees to be Laid off: 500

Industry: AgriTech

August 2022

Agritech startup DeHaat is the latest to resort to layoffs, laying off around 500 people. The layoffs came less than a year after the company raised $115 million.

Metco Landscape 

No. of Employees to be Laid off: 343

Industry: Real Estate

August 2022

Metco Landscape has let go of 343 workers across five locations, as notified to the Colorado Department of Labor and Employment. The landscaping company had been placed into receivership in Boulder County District Court “due to unforeseen financial and economic conditions.”

Ford

No. of Employees to be Laid off: 8000

Industry:  Automotive

July 2022

US carmaker Ford Motor is to cut up to 8,000 jobs to reduce costs and intensify its focus on electric vehicles. The majority of the job cuts are expected to be among Ford’s salaried ranks in the United States and the Ford Blue unit created in March to run the company’s internal combustion engine operations.

Just Eat Takeaway

No. of Employees to be Laid off: 390

Industry:  Food Delivery

July 2022

Just Eat Takeaway is cutting 390 jobs from its workforce in France, constituting part of a broader global restructuring effort as the food delivery giant looks to reverse its recent downturn.

Invitae

No. of Employees to be Laid off: 1000

Industry:  Biotechnology

July 2022

Biotechnology company Invitae will lay off more than 1,000 employees as part of a year-long restructuring plan expected to save the company hundreds of millions of dollars annually. The restructuring is expected to cost Invitae around $100 million and save Invitae around $326 million per year.

Olive

No. of Employees to be Laid off: 450

Industry:  Healthtech

July 2022

Healthcare automation startup Olive is laying off about 450 workers. Going forward, Olive will focus on its Autonomous Revenue Cycle product and its Utilization Management Transformation tool. The plan will help Olive become profitable more quickly. The affected workers will be eligible for two weeks of severance per year of service, job placement support, and access to a talent portal. 

CytomX Therapeutics 

No. of Employees to be Laid off:  40% of employees

Industry:  Biotechnology

July 2022

Biotech company CytomX Therapeutics will lay off staff in a restructuring plan that will prioritize investment in the company’s preclinical and early-stage pipeline. CytomX will reduce its workforce by 40%, mostly affecting staff in the development and administrative roles.

Arrival

No. of Employees to be Laid off:  30% of employees

Industry:  Automotive

July 2022

Arrival, the U.K.-based commercial EV company, plans to slash costs and cut as much as 30% of its workforce to protect the business from a challenging economic environment while meeting its production targets.

Tonal

No. of Employees to be Laid off:  35% of employees

Industry:  Fitness & Healthcare

July 2022

Amazon-backed connected fitness equipment maker Tonal is cutting 35% of its workforce, affecting all levels of its business. The company is reducing headcount to trim expenses and readjust to new levels of consumer demand for its products.

LoanDepot

No. of Employees to be Laid off:  2000

Industry:  Financial Services

July 2022

LoanDepot plans to lay off 2,000 employees through the end of the year as a part of a larger restructuring plan. This is in response to the cooling mortgage market. The changes will generate approximately $375 million to $400 million in annual savings.

Peloton

No. of Employees to be Laid off:  2000

Industry:  Manufacturing

July 2022

Exercise equipment maker Peloton Interactive will stop all in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The firm will lay off around 570 jobs at its Tonic Fitness Technology unit, a Taiwan-based firm bought by Peloton in 2019.

Meta

No. of Employees to be Laid off:  350

Industry:  Technology

July 2022

Facebook parent Meta has canceled a contract with facility management vendor ABM Industries at its Silicon Valley headquarters. More than 350 workers will lose their jobs, according to documents filed with the state of California. 

Rivian

No. of Employees to be Laid off:  700

Industry:  Automotive

July 2022

Electric automaker Rivian is considering laying off around 5 percent of its 14,000 employees, or around 700 people. The company is mainly looking to remove jobs that were added as it scaled up and that aren’t involved in manufacturing.

Unacademy 

No. of Employees to be Laid off:  600

Industry:  Edutech

July 2022

Edtech company Unacademy has laid off around 600 employees, i.e. around 10 percent of the company’s workforce. The retrenched employees include contractual workers and educators. The reason cited is non-performance and role redundancy as the company looks to enhance efficiency and become profitable by the end of this year.

Hopin

No. of Employees to be Laid off:  29% of its Employees

Industry:  Event Management Platform

July 2022

UK-based Virtual events platform Hopin, last valued at a $7.75 billion valuation, has laid off 29% of its employees, or 242 people. The cuts come just four months after Hopin let 12% of its workforce go earlier, citing a goal of sustainable growth amid the changing market.

Twitter

No. of Employees to be Laid off:  30% of its Employees

Industry:  Technology

July 2022

Twitter has begun to reduce its workforce. Since Elon Musk announced the acquisition of Twitter, the microblogging site has reduced 30% of its talent acquisition team, mostly consisting of recruiters and employees in charge of bringing on new hires. 

Ohio Health

No. of Employees to be Laid off: 637

Industry:  Healthcare

July 2022

OhioHealth is eliminating 637 jobs, its biggest layoff ever, as part of a plan to drive improvements in patient care. Of the 637 jobs, 567 are in information technology, while the rest are in a revenue cycle that handles billing, coding, and accounts receivable. Most of the jobs are based in Greater Columbus.

Ola

No. of Employees to be Laid off: 500

Industry:  Automotive

July 2022

SoftBank-backed mobility platform Ola is laying off 400-500 employees to save costs. These layoffs occur across departments amid a challenging funding environment and a delay in listing plans for the Bhavish Aggarwal-led firm.

Tesla

No. of Employees to be Laid off: 200

Industry:  Automotive

June 2022

Tesla has laid off approximately 200 workers from its Autopilot team and closed an office in California. According to Bloomberg, the majority of those who were let go were hourly workers.

WhiteHat Jr

No. of Employees to be Laid off: 300

Industry:  Edutech

June 2022

Online coding provider WhiteHat Jr, the platform under edtech giant BYJU’s umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned.

Spotify

Hiring Slowdown

Industry:  Technology

June 2022

Spotify is slowing hiring by 25%, CEO Daniel Ek said in an email to employees. It’s the latest signal that companies across tech, many of which grew significantly over the early stages of the pandemic, are cutting back on staff growth as economic uncertainty looms.

Olive AI

Hiring Freeze

Industry:  HealthTech

June 2022

Olive, a tech startup that uses artificial intelligence to automate healthcare tasks, is freezing new hires amid a wave of digital health companies laying off employees and tech giants slowing their hiring.

Netflix

No. of Employees to be Laid off: 300

Industry:  Entertainment

June 2022

Netflix has laid off roughly 300 staffers. The cuts are across multiple business functions in the company, with the bulk of the jobs lost in the U.S.

Vauld

No. of Employees to be Laid off: 30% of employees

Industry:  Cryptocurrency

June 2022

India-based cryptocurrency exchange Vauld has laid off around 30% of its workforce as crypto prices have crashed over the recent few weeks, along with the taxation regime and the resultant downturn in trade volumes.

Coinbase

No. of Employees to be Laid off: 1100 (18%)

Industry:  Cryptocurrency

June 2022

US-based biggest crypto exchange Coinbase will reduce its workforce by approximately 18% or 1,100 employees, in its restructuring plan. The layoff is part of the crypto exchange’s plan to manage its operating expenses in response to current market conditions and ongoing business prioritization efforts.

OneTrust

No. of Employees to be Laid off: 950  

Industry:  Privacy & Security

June 2022

OneTrust has laid off 950 employees, or about 25 percent of its workforce, as part of a reorganization despite record quarters and increasing customer demand. 

FarEye

No. of Employees to be Laid off: 250 

Industry:   Software-as-a-Service

June 2022

Software-as-a-Service provider FarEye has laid off around 250 employees at the time of their appraisal. The reason given was, that softness in market conditions and restructuring of the team led to a reduction in team size.

CVS Health

No. of Employees to be Laid off: 208 

Industry:  Pharmaceutical

June 2022

CVS Health plans to lay off at least 208 employees across the state in connection with the impending closure of four of its New York infusion pharmacies, according to notices filed this week with the state Department of Labor.

Klarna

No. of Employees Laid off: 700

Industry:  Fintech

May 2022

Swedish payments giant Klarna has laid off about 700 employees, or 10% of its workforce, citing Russia’s war on Ukraine and inflation. 

Mfine

No. of Employees Laid off: 600

Industry:  Healthtech

May 2022

Around 75 percent of Bengaluru-based health tech business MFine’s personnel have been let off tin May. Around 600 workers have been affected by this.

Cars24

No. of Employees Laid off: 600

Industry:  Transportation

May 2022

Used car marketplace Cars24 has laid off more than 600 employees, with the layoffs put in place across departments and roles. Falling valuations, slowing funding rounds, and faltering investor sentiment seem to have prompted the layoff.

Vedantu

No. of Employees Laid off: 624

Industry:  Edtech

May 2022

Edtech firm Vedantu went for the second round of lay-offs in May. CEO Vamsi Krishna said in an email to his staff that the company is laying off about 7 percent or 424 employees out of the 5,900. Earlier this month, the edtech firm had laid off 200 employees.

AliExpress

No. of Employees Laid off: 624

Industry:  Ecommerce

May 2022

Chinese e-commerce giant Alibaba Group Holding’s joint venture in Russia AliExpress has laid off about 40% of its employees since the invasion of Ukraine as the war has severely disrupted cross-border business. It was the most-visited online marketplace and the most-downloaded shopping app in Russia in 2021. 

Carvana

No. of Employees Laid off: 2,500

Industry:  Car Retailer

May 2022

Carvana, citing “recession” in auto sales, has cut 2,500 jobs and informed some workers of the layoffs via Zoom. The online car retailer also sent an email to workers from CEO Ernie Garcia III that said most of the cuts would be in the company’s operations division. 

Doma 

No. of Employees Laid off: 310

Industry:  Finance

May 2022

Doma will be refocusing its financial resources on “home purchase-focused strategic initiatives,” which includes deploying the investment dollars it raised when it went public on a more conservative basis. As a result, Doma reduced its workforce by 15% last week. Of the 310 people affected, 259 were in Doma’s fulfillment organization, representing a 28% reduction to that group.

Pollen

No. of Employees Laid off: 200

Industry:  Travel

May 2022

Pollen, a UK-based travel and entertainment technology company that brands itself as a tech-first company laid off a third of its workforce – about 200 people. The company creates travel experiences related to music events for people, and patterns with music festivals to drive bookings through its platform. The company received $150 million in Series C funding on the 21st of April.  

Vroom

No. of Employees Laid off: 270

Industry:  Transportation

May 2022

Vroom, an on-demand car buying and selling startup that has raised over $300 million in venture funding, has laid off more than 2700 of its staff. This is in line with a strategy of “sharpening our focus on profitability,”.

Reef Technology

No. of Employees Laid off: 270

Industry:  Transportation

May 2022

Reef Technology, a SoftBank Group-backed parking company that has expanded into ghost kitchens, is laying off 750 employees, about 5 percent of its global workforce. The layoffs will affect corporate and field workers across all departments except the parking division.

Send

No. of Employees Laid off: 300

Industry:  Grocery Delivery

May 2022

Send, a grocery delivery app that was founded in the midst of the COVID-19 pandemic has collapsed into voluntary administration. SEND offered grocery deliveries in under 10 minutes to 46,000 registered users, with an estimated 300 employees working for the company from 13 sties and several dark grocery stores in Sydney and Melbourne.

Avo

No. of Employees Laid off: 500

Industry:   Food Delivery

May 2022

Israeli delivery startup Avo is laying off hundreds of its employees. The company is set to sack around two thirds of its 750 employees, including 350 in Israel. 

No. of Employees Laid off: 1000

Industry: Aviation

Month: March 2022

Tunisair plans to lay off approximately 1,000 of its employees for two or three years starting in 2022, as part of plans to ease financial difficulties at the state-owned Tunisian airline. Tunisair has been losing money every year since Tunisia’s 2011 revolution, prompting urgent demands to be restructured.

J Sainsbury PLC

No. of Employees Laid off: 2000

Industry: Retail

Month: March 2022

J Sainsbury PLC will shut 200 cafes in a shake-up of its in-store dining which is set to impact.  around 2,000 workers. The recent restructuring move by the retailer is to keep control of the rising costs.

Goodlife Fitness

No. of Employees Laid off: 480

Industry: Health & Fitness

Month: March 2022

GoodLife Fitness has let go of nearly 480 employees from 189 clubs across Canada due to COVID-19 restrictions cutting down on business.

Baidu

No. of Employees Laid off: 15%

Industry: The Search Engine and AI Company

Month: February 2022

Baidu has cut between 10% and 15% of its staff in various departments. The layoffs involved junior to senior employees in Baidu’s AI, mobile, cloud, and other technical departments.

Didi

No. of Employees Laid off: 3000

Industry: Ride-Hailing

Month: February 2022

Trouble-ridden Chinese ride-hailing company Didi is laying off 20% of its workforce, or about 3,000 people. The large-scale layoffs began in mid-January, starting with R-Lab, the innovation arm of Didi, followed by ride-hailing, bike-sharing, and freight businesses.

Peloton 

No. of Employees Laid off: 2800

Industry: Fitness

Month: February 2022

Peloton will lay off about 2,800 employees, including about 20% of its corporate positions to help reinvigorate the flailing fitness company. The company is also reducing the number of warehouses it owns and operates, and expanding delivery agreements with third-party providers, which will help the company save $800 million in annual costs.

Tesco

No. of Employees Laid off: 1600

Industry: Retail

Month: February 2022

Tesco is set to restructure its stores which could put 1,600 jobs at risk. The supermarket has not yet revealed which jobs or stores will be impacted, but it is understood that it will remove overnight stocking in 36 large stores and 49 convenience stores.

Nestle

No. of Employees Laid off: 474

Industry: Consumer Goods

Month: February 2022

Nestle plans to shut its confectionery factory in Newcastle with the loss of 474 jobs. The global food manufacturer is holding talks with employees at the Fawdon plant but the focus was now on closing it in 2023.

Yumanity Therapeutics

No. of Employees Laid off: 60% of staff

Industry: Healthcare

Month: February 2022

Yumanity Therapeutics, a Boston-based clinical-stage biopharmaceutical company, will lay off around 60% of its workforce. The company is also considering “strategic alternatives” to its financial woes, including the possibility of selling or merging.

Vinasun

No. of Employees Laid off: 2500

Industry: Transportation

Month: January 2022

Taxi company Vinasun has laid off more than 2,500 employees, including some 1,800 drivers last year with the Covid-19 pandemic causing the business to shrink significantly. The company has been making losses for two consecutive years and if the situation does not improve this year, its stock may be delisted on the Ho Chi Minh Stock Exchange.

Unilever 

No. of Employees Laid off: 1500

Industry: Consumer Goods

Month: January 2022

Unilever will cut about 1,500 management roles globally as part of a reorganization aimed at boosting growth. The company came under pressure from shareholders after its stock dipped 10% last year. The move will allow the company to be more responsive to consumer trends.

Royal Mail 

No. of Employees Laid off: 700

Industry: Communications

Month: January 2022

Royal Mail is set to lay off around 700 management jobs as part of cost-cutting plans. This will reduce costs by around £40 million a year. The management will start negotiations with unions over the proposed job losses.

Bayada Home Health

No. of Employees Laid off: 682

Industry: Healthcare

Month: January 2022

New Jersey-based Bayada Home Health Care will close four offices in Florida and lay off 682 employees. The affected employees are mostly home health aides.

Primark 

No. of employees Laid Off: 5,000 – 10,000

Industry:  Telecommunication 

Month: March 2021

Source

Nokia will reduce the size of its workforce over the next two years to free up money to invest in its 5G networks business. The Finnish telecommunications group will cut between 5,000 and 10,000 jobs, or 11% of its workforce, over the next 24 months. This will save the company approximately €600 million ($715.7 million) by the end of 2023. These savings will offset increased investments in R&D, future capabilities and costs related to salary inflation.

Caixabank 

No. of employees Laid Off: 8,000

Industry:  Financial Services

Month: March 2021

Source

Caixabank, which has become the largest domestic bank in Spain after buying Bankia, is planning to layoff nearly 8,000, a fifth of its workforce and close more than 1500 branches, 27% of its offices in one of the biggest staff overhauls in Spain’s corporate history. The cuts would take into account overlaps and synergies from the merger and the current market conditions, and would opt for voluntary redundancy as a preferred option and also take into account performance.

Volkswagen 

No. of employees Laid Off: 4,000

Industry:  Automobile

Month: March 2021

Source

Automobile company Volkswagen plans to cut up to 4,000 jobs at its plants in Germany. They will be offering early or partial retirement to older employees. The exercise is a part of cost-cutting to finance its transition to electric vehicles and other new technologies. According to the auto giant, it is making savings to invest in new technologies, as EU regulators crack down on emissions.

Sainsbury

No. of employees Laid Off: 1,150

Industry:  Retail

Month: March 2021

Source

The UK’s second largest supermarket chain, Sainsbury, is planning to remove 500 office roles by simplifying roles in human resources, the supply chain, technology, commercial operations and general merchandise and clothing divisions. While 650 other workers are under threat through plans to close an online delivery warehouse in southeast London in June. The retailer plans to save money and invest in improving its food ranges.

Heineken N.V

No. of employees Laid Off: 8,000

Industry:  Brewery

Month: February 2021

Source

Beer giant Heineken has plans to cut nearly 10% of its workforce after a sharp drop in sales due to the coronavirus pandemic. The company also reported a net loss for 2020 of €109 million (£96million), having made a €1.15 billion net profit the year before. Heineken is trying to “move beyond beer” and make non-alcoholic beer that has much potential for growth

Best Buy

No. of employees Laid Off: 5,000

Industry:  Retail

Month: February 2021

Source

The retail company has laid off 5,000 workers this month and is planning to close more stores this year and go online. Best Buy expects 40% of its sales to come from online purchases this year. The company is expecting for 40% of its sales to come from online purchases this year. This was the reason for it to alter its workforce in response to this shift.

Rabobank

No. of employees Laid Off: 5,000

Industry:  Financial Services

Month: February 2021

Source

Netherland-based lender Rabobank has plans to cut its workforce by 5000 over the next five years. The company also has plans to downsize its branch network as part of its ongoing cost optimization measures following the pandemic. The bank will invest in digital technology over the coming years, to improve its operational and financial performance in a low-interest environment.

Commerzbank

No. of employees Laid Off: 10,000

Industry:  Financial Services

Month: January 2021

Source

Commerzbank, a major German bank operating as a universal bank, plans to slash 10,000 jobs and 340 branches by 2024 as part of a strategic overhaul. The changes would help the bank create €1.4 billion ($1.7 billion) in annual savings by 2024.

FedEx Europe

No. of employees Laid Off:  6,300

Industry:   Delivery Services

Month: January 2021

Source

The delivery services company FedEx Corp’s express unit, is to lay off upto 6,300 employees in Europe, as it nears the completion of the network integration of its TNT Express unit. FedEx acquired TNT for $4.8 billion, to expand its presence in Europe.

Tech Mahindra

No. of employees Laid Off:   5,000  

Industry: Technology

Month: January 2021

Source

IT major Tech Mahindra ist to reduce its business process services (BPS) headcount by 5,000 to 38,000 this year. The large layoffs are because most parts of the tasks are completed through automation and artificial intelligence.

Ford

No. of employees Laid Off: 5,000

Industry: Automobile

Month: January 2021

Source

Ford Motor Co will stop making vehicles in Brazil, closing its three plants to shore up its money-losing operations. This move will impact about 5000 jobs. Chief Executive Officer Jim Farley stated that it was part of a broader turnaround effort.

Banco Santander SA

No. of employees Laid Off: 3,572

Industry: Financial services

Month: December 2020

Source

Banco Santander SA, a leading retail and commercial bank, plans to lay off as many as 3,572 jobs in Spain. The company has signed an agreement to this effect and will close 1,033 branches in the country, the CCOO union said in a statement.

Coca-Cola Company

No. of employees Laid Off: 2,200

Industry: Beverages

Month: December 2020

Source

Coca-Cola Co. will cut 2,200 jobs globally, including 1,200 in the United States, as the company accelerates its business restructuring. Earlier in August, it had offered voluntary separation packages to 4,000 workers in the United States, Canada, and Puerto Rico.

Debenhams

No. of employees Laid Off: 12,000

Industry:  Retail

Month: December 2020

Source

Debenhams, the British clothing retailer, will shut down all of its 124 stores in Britain, impacting the jobs of 12,000 employees. The UK stores will operate only until stocks are cleared. The department store chain is now set to enter liquidation, which means it will cease to exist as a company.

Dentsu International

No. of employees Laid Off: 6,000

Industry: Media and Digital Marketing Communications

Month: December 2020

Source

In a filing with the Tokyo Stock Exchange, the Japan-based global giant Dentsu Group plans to cut about 12.5% of its staff – about 6,000 jobs, as part of its major restructuring. The estimated job cuts are being spread across the organization globally.

Exxon Mobil

No. of employees Laid Off: 14,000

Industry:  Oil and Gas

Month: December 2020

Source

Exxon Mobil, the nation’s largest oil company, plans to lay off an estimated 14,000 employees globally, or 15%, including contractors. The layoffs will take place in February 2021.

3M Company

No. of employees Laid Off: 4,600

Industry: Conglomerate

Month: December 2020

Source

3M Co. the Post-it maker and diversified industrial company, is cutting about 3% of its global workforce, amounting to approximately 2,900 jobs, enabling the company to accelerate its restructuring plan.

3M had laid off 1,700 workers during its second-quarter — with many of the jobs related to the company’s divested drug delivery business.

John Lewis Department Stores 

No. of employees Laid Off: 1,500

Industry: Retail

Month: November 2020

Source

John Lewis laid off 1,500 office jobs as part of its effort to make £300 million in annual cost savings and return to profitability. It is also closing eight of the John Lewis department stores and four Waitrose supermarkets.

Raytheon Technologies 

No. of employees Laid Off: 19,000

Industry: Manufacturing

Month: November 2020

Source

Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company’s Pratt & Whitney and Collins Aerospace divisions.

Qantas Airways

No. of employees Laid Off: 8500

Industry: Aviation

Month: November 2020

Source

Qantas Airways Ltd. recently cut up to 2,500 jobs, by outsourcing its ground handling operations to save more than $100 million. These outsourcing cuts come on top of 6000 layoffs revealed in June, bringing total job losses across the group to about 8500.

Walt Disney Co. 

No. of employees Laid Off: 32,200

Industry: Theme Parks

Date announced: November 2020

Source

In April 2020, Disney announced that it would furlough about 100,000 of its workers at its theme parks in the United States. At the time of the announcement, the park had been closed for more than a month. Fast-forward November, Walt Disney is planning to lay off about 32,000 workers, as the company struggles with limited visitors at the theme parks.

Alberta Health Services (AHS)

No. of employees Laid Off: 11,000

Industry: Healthcare

October 2020

Source

In a massive overhaul of Alberta’s health-care system citing the ongoing pandemic, Alberta Health Services (AHS) is to lay off Between 9,700 and 11,000 employees. Most of the jobs are in the laboratory, linen, cleaning, and in-patient food services that will be outsourced to private companies.

Cathay Pacific

No. of employees Laid Off: 5,900

Industry:Aviation

October 2020

Source

The Cathay Pacific Group has announced a corporate restructuring in response to the continued impact of the COVID-19 pandemic laying off 5,900 jobs – some 5,300 Hong Kong-based employees and approximately 600 employees based outside of Hingkong Kong.

Cineworld

No. of employees Laid Off: 45,000

Industry: Entertainment

October 2020

Source

 Cineworld, the world’s second-biggest cinema chain, closed its U.K. and U.S. movie theatres this week, laying off as many as 45,000 workers, as it fights a coronavirus-related collapse in film releases and cinema-going.

American Airlines

No. of employees Laid Off: 19,000

Industry: Aviation

September 2020

Source

American Airlines Group is laying off over 19,000 employees as scheduled, in addition to thousands more who left the company or agreed to voluntary furloughs.

Costa Coffee

No. of employees Laid Off: 1,650

Industry: British Coffee Chain

September 2020

Source

Costa Coffee, which has over 2700 stores across the UK, has cut 1,650 jobs. With over 2,400 stores having re-opened, the business has been slow to return in some areas. The move has impacted around 10% of the entire workforce employed in wholly-owned Costa stores.

Marriott Vacations Worldwide

No. of employees Laid Off: 3,300

Industry: Timeshare Vacations

September 2020

Source

Timeshare giant Marriott Vacations Worldwide is to lay off roughly 3,300 associates, as per the regulatory filing. The company will incur about $25 to $30 million in restructuring and related charges due to layoffs.

Ralph Lauren

No. of employees Laid Off:

Industry: Retailer

September 2020

Source

The clothing retailer Ralph Lauren will let go 15%, more than 3,600 workers of its global workforce as part of a broad reorganization, which will help reduce costs by $180 million to $200 million.

MGM Resorts International 

No. of employees Laid Off: 18,000

Industry: Hotels

August 2020

Source

MGM Resorts International has sent separation letters to 18,000 U.S. employees who were furloughed during the coronavirus pandemic, making their job cuts permanent. The company reiterated that the employees who are laid off will remain on the company’s recall list and if hired back by the end of 2021, they shall retain their seniority and benefits.

Pret a Manger

No. of employees Laid Off: 2,800

Industry: Restaurant

August 2020

Source

Pret a Manger, the sandwich shop chain will cut around 2,800 jobs in stores, and around 90 support staff, on August 31st. It will be closing 30 of its 440 UK stores, by 2021.

Airbus

No. of employees Laid Off: 15,000

Industry: Aviation

Month: July 2020

Source

Airbus will lay off about 15,000 employees – more than 10% of its workforce, over the next 12 months. Airbus has to cut more jobs to sustain itself and is trying to reduce the number of layoffs through long-term partial employment, voluntary departures, and early retirement programs.

Nordstrom 

No. of employees Laid Off: 6,000

Industry: Retail

Month: July 2020

Source

Nordstrom has reduced its workforce, including corporate operations, by 6,000 amid the economic decline of approximately 40% in sales. The company is permanently closing 16 full-line department store locations across the nation.

AT&T

No. of employees Laid Off: 3,400

Industry: Telecommunication

Month: June 2020

Source

AT&T Inc plans to lay off more than 3,400 technician and clerical jobs across the country. The U.S. telecom and media giant also plans to permanently close over 250 stores, which would impact about 1,300 retail jobs. The job cuts are part of the company’s effort to focus on growth areas and address customer demand for some legacy products.

British Petroleum (BP)

No. of employees Laid Off: 10,000

Industry: Energy

Month: June 2020

Source

British energy giant BP is to lay off close to 10,000 jobs, or almost 15 percent of its global workforce, most by the end of the year, after the coronavirus pandemic reduced the demand for oil. The affected roles will be mostly senior office-based positions and not a front-line operational staff.

Bombardier 

No. of employees Laid Off: 2,500

Industry: Aviation

Month: June 2020

Source

Bombardier will lay off 2,500 workers as the company struggles amid dwindling demand for business jets. 1,500 of the permanent job cuts will be in its Quebec facilities and 400 in Ontario, with the rest of the layoffs in its international facilities.

Lufthansa

No. of employees Laid Off: 22,000

Industry: Aviation

Month: June 2020

Source

German airline Lufthansa announced on June 11 to cut 22,000 jobs. In May, Lufthansa agreed to a rescue deal worth €9bn (£8bn) with the German government to save it from collapse. The German government will take a 20% stake in the firm, which it intends to sell by the end of 2023. Lufthansa has reached a new deal with the trade union, Verdi, to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021.

WestJet

No. of employees Laid Off: 3,333

Industry: Aviation

Month: June 2020

Source

The Calgary-based WestJet laid off 3,333 staff in a move aimed at streamlining its business, the latest such workforce reduction for the hugely impacted airline industry. WestJet aims to consolidate and contract out much of its operations.

Cisco

No. of employees Laid Off: 2,500

Industry: Technology

Month:  March 2020

Source

The networking giant, Cisco Systems, has laid off 3,500 employees since the COVID-19 pandemic began, in a company-wide major restructuring.