Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty Images UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of … Read more
In March 2023, Unacademy sacked 10 per cent of its workforce to save costs. Unacademy says it was necessary keeping in mind the company’s goals and vision for the year, as we focus all our efforts on sustainable growth and profitability. In the latest layoffs, edtech major Unacademy has let go of 250 employees as … Read more
Chief Technology Officer of X Elon Musk speaks onstage during the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session at the Lumiere Theatre during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Richard Bord | Wireimage | Getty Images … Read more
Opinions expressed by Entrepreneur contributors are their own. Earlier this year, an old story about former Nintendo CEO Satoru Iwata went viral, posthumously praising him for taking a 50% salary cut rather than laying off staff. Why would a story from 2013 suddenly make headlines? Likely because it provided such a stark contrast to current … Read more
More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs. Inflation and the economy remains a top issue among all voters, according to a recent The Center Square Voters’ Voice Poll. Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research. The closures are a … Read more
Companies in the U.S. and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: Technology Amazon’s job cuts include … Read more
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto. The latest round of layoffs eliminated roles across the board — from entry-level positions to directors — and hit … Read more
Kevin Plank is back and he’s not happy. In his first earnings call since returning to Under Armour as its chief executive officer, Plank laid out a significant restructuring plan that will include an unspecified number of layoffs, a 25 percent reduction in product, a renewed focus on its historic strength in menswear, substantially less … Read more
Even a Tesla employee who was so dedicated to his job that he slept in his car and showered at the factory was not spared from mass layoffs at the EV company. Nico Murillo, 29, was informed he was let go from his employer of five years without warning last month. The production supervisor at … Read more
Zoe Du used to be a typical employee at a Big Tech firm in China, putting in long hours, six days a week. One time, she fainted in the office after weeks of being on the job until 11pm every day. A veteran of more than 10 years in the internet industry, Du quit her … Read more
