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10 of the Biggest Retail Layoffs of 2022

10 of the Biggest Retail Layoffs of 2022

Many businesses have cut their workforce this year. They want to reduce the cost as there is no profit in the current market. StockX - A sneaker retailer cut its staff in June 2022. He

TuSimple 2022 Layoffs Begin Days Before Christmas

TuSimple 2022 Layoffs Begin Days Before Christmas

TuSimple Holdings Inc., a company that manufactures self-driving trucks, stated on Wednesday that it will lay off 25 percent of its workforce as part of a reorganization effort. The change impacts around 350 people, with

Layoffs 2022: Micron is cutting its workforce by 10%

Layoffs 2022: Micron is cutting its workforce by 10%

This announcement is done by Micron when results for its first quarter came to them, which ended on 1st Dec 2023. The company also announces in the recent US Securities and Exchange Commission, the restructuring

Tesla Stops Hiring Too Soon: 2023 Layoffs Breaking

Tesla Stops Hiring Too Soon: 2023 Layoffs Breaking

Recently, Tesla announced a hiring freeze, which will come into force soon. Many reports are indicating that Tesla will bring this layoff into the ground in the upcoming quarter between January to march.  All this

Christmas breaking – 44% of Leaflink’s workforce has been laid off

Christmas breaking – 44% of Leaflink’s workforce has been laid off

LeafLink is a well-known cannabis tech company, in New York. This week this company laid off 80 workers, which is around 44% of the workforce. By December about 180 workers had left the platform. Via

Xiaomi Layoffs 2022: Chinese Phone Maker Xiaomi Slashes 15% Workforce

Xiaomi Layoffs 2022: Chinese Phone Maker Xiaomi Slashes 15% Workforce

The news was reported by the South China Morning Post, based in Hong Kong. It cited social media posts from affected employees and local Chinese media.  According to the newspaper, social media platforms in China,

Why Do Companies Tend To Layoff Employees During Christmas?

Why Do Companies Tend To Layoff Employees During Christmas?

You might have noticed the usual layoffs around Christmas every year. But do you know the reason why companies layoff before christmas? Let’s reveal the harsh truth! The second-highest month for layoffs is frequently December.

Goldman Sachs layoffs, to cut thousands of jobs

Goldman Sachs layoffs, to cut thousands of jobs

Goldman Sachs is reportedly going to lay off around 4,000 employees, as the global bank is looking to cut costs to tackle the drop in its profitability. The layoffs at Goldman Sachs are expected to

Tech layoffs: Freshworks dismisses 90 team members

Tech layoffs: Freshworks dismisses 90 team members

Globally, Freshworks has over 5200 people, however it is now laying off 90 employees from areas like sales, marketing, and engineering.  Reportedly, the company's CEO and founder, Girish Mathrubootham, issued an email to staff explaining

Virtusa employees in Chennai being forced to resign

Virtusa employees in Chennai being forced to resign

Virtusa, the IT company based out of Massachusetts in United States, which has office locations across India in states of Tamil Nadu, Karnataka, Telangana, Maharashtra and Haryana. According to media reports, the company is forcing