Layoffs
Lion Electric layoffs: 30% of workforce cut after revenue drops, losses increase
Electric bus company Lion Electric is laying off 300 employees, ramping down production as revenue drops and losses mount.
Twitch Layoffs: Staff fear job cuts amid profitability concerns
Twitch employees are preparing for another wave of layoffs amid slowing user growth and profitability concerns.
Intel Layoffs: Thousands of jobs cut to fund $10B rebound strategy
Intel is planning thousands of job cuts to reduce costs, fund an ambitious rebound strategy after an earnings slump and market share…
SAP Layoffs: Job cuts increase to 10,000 workers in AI overhaul
The revised restructuring plan will seee the software developer reduce at least 1,000 more jobs than previously reported.
John Deere Layoffs: Global staff cut as sales decline, production shifts to Mexico
Media outlets report that numerous John Deere employees took part in termination meetings Wednesday morning as part of a global layoff at…
Saks Global Layoffs: 100 let go as Saks Fifth Avenue, Saks Off 5th, Neiman Marcus merge
Saks Global is merging Saks.com, Saks Fifth Avenue, and Saks Off 5th under one roof, resulting in 100 layoffs and new appointments.
Cohere Layoffs: 20 employees fired after successful $500M funding round
The layoffs at the AI startup comes after the completion of $500 million funding from investors AMD, Salesforce, Oracle, and Nvidia.
Amdocs Layoffs: up to 3,000 employees affected amid strong performance
Software giant Amdocs is laying off 1,500-3,000 employees globally, affecting up to 10% of staff, despite the company's strong performance.
SNDL Layoffs: 106 full-time jobs cut in $11M ‘restructuring project’
Calgary-based cannabis retailer SNDL is cutting 106 full-time positions, reflecting ongoing challenges in Alberta's legal cannabis sector.