Tag: layoffs

The news of Disney’s plan to slash nearly 7,000 jobs has been a shock to many of the company’s employees, who are now facing an uncertain future. Disney has reportedly…

The news of Facebook parent Meta slashing 10,000 jobs is a reminder of the fragility of the global economy, especially in the technology sector. Despite the company’s recent efforts to…

The Walt Disney Company has announced a sweeping restructuring under the leadership of newly reinstated CEO Bob Iger, in an effort to save $5.5 billion in costs and make its…

McDonald’s is making a difficult yet necessary decision to cut some of its corporate staff in order to keep up with the changing landscape of the restaurant industry. CEO Chris…

PepsiCo, a multinational food, snack, and beverage company, has announced the termination of employees in their North America Beverage, Snacks, and Packaged-Foods divisions. This comes from a new report released…

CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers at the global news network and mark the deepest cuts to…

More than half of all US companies are planning to lay off employees as they brace for an economic downturn, according to a new survey. The PwC survey — which…

Walmart has begun to lay off corporate employees, the company confirmed Wednesday, about a week after it slashed its profit outlook and warned that consumers had pulled back on discretionary spending due to…

Weber replaced CEO Chris Scherzinger and warned of upcoming layoffs Monday, sending shares down 20% as the grill-maker wrestles with a drop in sales and embraces “historic macroeconomic challenges.” Weber,…

Cineplex Inc (CGX.TO) is temporarily laying off 6,000 part-time employees due to mandated closures of its venues amid surging COVID-19 cases caused by the Omicron variant, the Canadian cinema operator said on…