Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the day.
Stratasys Announces Strategic Resizing to Accelerate Growth
Stratasys Ltd. is reducing its global workforce as part of a strategic plan to accelerate growth with a leaner operating model. This resizing, advanced sooner due to the impact of COVID-19, will affect approximately 10% of employees and is designed as part of a cost realignment program to focus on profitable growth.
HTC Announces Layoffs Amid Coronavirus Pandemic
Taiwan’s struggling smartphone maker HTC Corp. will “strategically adjust” its human resources and continue optimizing its organizational structure to reduce operational costs, but did not disclose the exact number of employees to be laid off.
Rivian cuts 40 workers in Michigan but hires new execs including Tesla veterans
Amazon-backed EV startup Rivian has laid off about 40 employees at its engineering and design center in Plymouth, Michigan, USA.The cuts were made across departments and included engineers, recruiters, and others.
Rolls-Royce Plans 3,000 U.K. Job Cuts as Aviation Contracts
Rolls-Royce Holdings Plc plans to eliminate 3,000 jobs in the U.K. this year, the first wave of cuts that could ultimately see the jet-engine maker emerge from the downturn a much smaller business.
SpotHero cuts 40 employees in the second round of pandemic-related layoffs
Chicago tech company SpotHero laid off another 42 people as the on-demand parking startup battles economic challenges caused by the Covid-19 crisis. The layoffs come about two months after SpotHero laid off a number of employees in March as the coronavirus crisis was growing in the U.S.
Southeastern Health, North Carolina health system to cut 10% of the workforce, closes clinics
Citing a financial hit from the COVID-19 pandemic, Lumberton, N.C.-based Southeastern Health will permanently close several clinics, cut 10 percent of its workforce and reduce executive pay.eHealth is eliminating 236 positions (about 22 percent of administration and 10 percent of the total workforce),