CNN’s Mark Thompson tries to ease fears after slashing bonuses
CNN’s new boss sought to ease anxiety with a Friday memo that named top executives to revamp the struggling network — just days after it was revealed he had slashed…
Company to cut 5% of workforce, or about 670 employees
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo. Lucy Nicholson | Reuters Electronic Arts announced Wednesday that it will cut 5% of its workforce, part…
350 employees, or about 37% of workforce
The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023. Gabby Jones | Bloomberg | Getty Images Bumble on Tuesday announced plans to lay off…
Alibaba bets on overseas businesses amid sluggish growth in China
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is…
Cisco says it’s cutting 5% of workforce, amounting to over 4,000 jobs
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco announced plans to cut 5% of its workforce on…
Company to cut 250 employees, about 7% of company
A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022. Dado Ruvic | Reuters Instacart on Tuesday announced it would lay off about 250…
Amazon cuts hundreds of jobs in Pharmacy, One Medical units: Read memo
Amazon has eliminated hundreds of jobs in its Pharmacy and One Medical divisions, the company confirmed to CNBC. “As we continue to make it easier for people to get and…
company to cut 6% of workforce, or about 440 jobs
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images DocuSign announced Tuesday it will cut 6%…
Company to cut 10% or around 500 employees
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan…
Tech’s longtime highfliers are growing up by getting smaller
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are…