The technology sector in the United States continued to lay off more workers in May, with job cuts nearly tripling from April, according to latest data. In May, the tech sector laid off 19,072 employees, which is an almost 200 percent jump from the 6,469 layoffs announced in April, technology magazine IEEE Spectrum reported, based…
American Tech Sector Continues to Bleed as Layoffs Jump 200 Percent in May
June 23, 2023
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Tyson Laying Off 15 Percent of Senior Leadership, 10 Percent of Corporate Workers
Tyson Foods will slash its senior leadership and corporate roles in a bid to improve efficiency, which comes as the company reported dismal financial numbers in the first quarter 2023 fiscal year. In a memo (pdf) to employees on Wednesday, Tyson Foods CEO Donnie King said that one of the ways the company plans on…
Diversity, Equity, Inclusion Hires Get Fired at Higher Rates Than Regular Workers, Says Research
February 23, 2023
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Workers engaged in diversity, equity, and inclusion (DEI) roles have lost jobs at a higher rate than other employees since 2020, with Amazon registering the most number of such terminations, according to workforce analytics firm Revolio Labs. Attrition rates for DEI roles at over 600 companies that have laid off workers since late 2020 outpaced…
Almost 20 Percent of US Firms Plan to Fire Employees: NABE Survey
January 23, 2023
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Roughly a fifth of American companies are looking to scale down their workforce in the coming months as businesses come under pressure of low margins, with many foreseeing an economic recession, according a January survey by the National Association for Business Economics (NABE). According to the survey, almost 20 percent of respondents expect employment at…
Wall Street Expects Big Drop in Corporate Earnings and More Layoffs Starting January: Analysts
January 10, 2023
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U.S. businesses are expected to see corporate earnings drop owing to a slowdown in the economy and rising interest rates, while many prominent tech firms will continue with staff layoffs starting this month, according to analysts. “Downgrades will be a key driver of the first quarter and especially this earnings season,” Joachim Klement, a market…
Microsoft Cutting Jobs as Recession Fears Mount
October 18, 2022
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Microsoft is laying off additional workers following a declining pace of revenue from software products, in a move adopted by several technology companies lately to curb costs as recession looms ahead. “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told multiple media outlets….
Kentucky Aluminum Mill Laid Off Hundreds of Workers Due to ‘Untenable’ Energy Prices
Century Aluminum, the largest producer of primary aluminum in America, laid off hundreds of workers due to business inactivity at one of its plants, a decision CEO Jesse Gary attributed to rising energy prices. Layoffs at Century’s Hawesville plant in Kentucky were announced by the company in a June 22 press release. The plant will…
Kentucky Aluminum Mill Lays Off Hundreds of Workers Due to ‘Untenable’ Energy Prices
Century Aluminum, the largest producer of primary aluminum in the United States, laid off hundreds of workers due to business inactivity at one of its plants, a decision that CEO Jesse Gary attributed to rising energy prices. Layoffs at Century’s Hawesville plant in Kentucky were announced by the company in a June 22 statement. The plant…
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