The VICE Media Group (VMG) is cutting staff and ending its flagship news broadcast program “VICE News Tonight.” VMG co-CEOs Bruce Dixon and Hozefa Lokhandwala announced the layoffs in a memo obtained by Deadline on Thursday. In their memo, the two CEOs said they were pursuing staff cuts in “response to the current market conditions…
Amazon Begins Job Cuts in HR and Cloud Units as Part of Latest Layoff Round
Amazon on Wednesday started laying off employees in its cloud computing and human resources divisions. Amazon Web Services CEO Adam Selipsky and Beth Galetti, senior vice president of Amazon’s People Experience and Technology, sent separate notes to all impacted employees in the United States, Canada, and Costa Rica informing them of the job cuts. “It…
Amazon to Shut Down Halo Division, Lays Off Some Staff
Amazon.com Inc. said on Wednesday it was shutting down its Halo division that sells health and sleep trackers as the technology giant kicks off wider company layoffs. The company said it will stop supporting Halo services from July 31, and will fully refund Halo devices purchases made in the preceding 12 months. “We notified impacted…
Deutsche Bank to Cut 800 Jobs After Strong 1st Quarter
April 27, 2023
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FRANKFURT—Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The…
Software Engineers Face Layoffs as Tech Industry Begins Cutbacks
Software engineers face increasing prospects of being laid off as the tech industry begins downsizing due to economic uncertainties. Tech work was once considered a safe bet regarding job security, with many people encouraged to “learn to code” over the past two decades. Vox reported on April 21 that a trickle of layoffs in the tech industry…
3M to Cut 6,000 Positions Globally to Improve Cash Flow
3M Co said on Tuesday it would cut about 6,000 positions globally as the U.S. industrial conglomerate looks to focus on high-growth businesses, including automotive electrification and home improvement. The move comes as an uncertain economy along with rising interest rates and stubbornly high inflation forces corporate America to get leaner in recent months. 3M,…
ESPN Announces Layoffs as Part of Cost Cutting by Disney
ESPN began informing employees of layoffs Monday, which are job cuts that are taking place throughout its corporate owner, the Walt Disney Company. Disney CEO Bob Iger announced in February that the company would reduce 7,000 jobs either through not filling positions or layoffs. ESPN President Jimmy Pitaro said in a company memo sent to…
Disney Starts 2nd Round of Layoffs as It Aims to Slash 7,000 Jobs
Disney officials said that a second round of layoffs would start on April 24 as the company presses ahead with its objective of trimming around 3 percent of its 220,000-strong global workforce in a bid to cut costs. The latest round of job cuts will affect employees across the United States, where the company employs…
NTD Business (April 21): No 2008-Type Crash in Housing Market: Analyst; Stars Threaten Lawsuits Over AI Voices
April 21, 2023
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New layoffs are coming from accounting firm Deloitte and rideshare company Lyft. How many jobs are they cutting? Prices have cooled in the housing market and are expected to decline further this year. We speak with analysts to find out by how much. Twitter has dropped the “government-funded media” label for several news organizations. Which…
Meta Lays Off Tech Teams, Battering Employee Morale
Meta Platforms Inc. on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first Big Tech company to announce a second round…
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