Job cuts

The Ethereum Foundation, a key supporter of Ethereum (CRYPTO: ETH), laid off research and development staff on Monday as part of a strategic restructuring. What Happened: The Switzerland-based nonprofit announced it is rebranding its Protocol Research and Development division as “Protocol...

A federal judge on Thursday extended a temporary restraining order blocking President Donald Trump’s administration from implementing mass layoffs of hundreds of thousands of federal employees, delivering a significant blow to the administration’s government restructuring plans. What...

Nissan Motor Co. Ltd. (OTC:NSANY) (OTC:NSANF) announced major steps to reconfigure its global operations after a challenging financial year. The company said on Tuesday that it will slash thousands of jobs and close almost half of its production plants across the globe, as part of a multi-year...

Oil and gas giant BP Plc (NYSE:BP) is reducing its workforce by 4,700 positions, which accounts for 5% of its employees, and eliminating more than 3,000 contractor jobs. The oil giant aims to streamline its operations and reduce costs as part of an ongoing initiative to cut $2 billion by the end of...

Editor's Note: This story has been updated with comments from Microsoft. Microsoft Corporation (NASDAQ:MSFT) plans to reduce its workforce, targeting employees not meeting performance expectations. What Happened: A spokesperson for Microsoft confirmed the upcoming job cuts to Business Insider but...

Boeing Co. (NYSE:BA) is set to lay off more than 2,500 employees across four U.S. states, including Washington, Oregon, South Carolina, and Missouri. This move is part of the company’s broader plan to cut 17,000 jobs, which accounts for 10% of its global workforce. What Happened: The layoffs...

PricewaterhouseCoopers (PwC) is reportedly laying off approximately 1,800 employees, marking its first formal cuts since 2009. What Happened: The layoffs will impact about 2.5% of PwC’s U.S. workforce, primarily affecting its advisory, products, and technology operations. The cuts will span...

A letter from Mark Zuckerberg to the House Judiciary Committee has gone viral with the social media company founder and executive admitting to pressure from the government to censor certain content on Facebook. While the latest news could spell trouble for the role that social media platforms like...

Logistics behemoth FedEx Corp. (NYSE:FDX) has unveiled a plan to streamline its operations across Europe, aiming to reduce structural costs significantly. The restructuring initiative targets reducing 1,700 to 2,000 positions, primarily within the company’s back-office and commercial teams....

Walmart Inc. (NYSE:WMT) is set to lay off hundreds of corporate employees and relocate others to its main corporate hubs. What Happened: Walmart, the largest employer in the U.S. with 1.6 million workers, is downsizing its corporate workforce and asking remote employees to move to its main...

Nico Murillo was part of the large group of Tesla employees who were laid off by the EV giant earlier this month. Day Of The Layoff: In a post on Linkedin, Murillo recounted his experience starting from the morning of April 15 when he noticed that his work account was deactivated but dismissed it...

Tesla, Inc. (NASDAQ:TSLA), which has been buffeted by fundamental issues, is looking to trim its workforce, according to a report that surfaced late Sunday. What Happened: Tesla has notified regarding of a shortening of Cybertruck production shift at the Giga Texas factory even as the electric-...

Block (NYSE:SQ) stock surged by nearly 14% in premarket trading on Friday following the company’s Q4 2023 earnings report. The report showcased a significant increase in gross profit and robust growth in the Square and Cash App revenue. What Happened: The company, previously known as Square,...

BuzzFeed Inc‘s (NASDAQ:BZFD) share price rose by 137.42% to $0.52 in after-hours trading after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed’s...

In a strategic move to invest in generative artificial intelligence (AI), major tech companies have collectively cut 34,000 jobs since the beginning of 2024. What Happened: Companies such as Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), PayPal Holdings Inc (NASDAQ:PYPL),...