by Susan Duclos, All News Pipeline:
There is never an ideal time to be laid off or fired, but being handed your pink slip during the holiday season of Thanksgiving, Christmas and New Year is a kick to the gut. Yet for tens of thousands of Americans that is exactly what happened in December 2023.
2024 is seeing a continuation of this pattern as companies like Xerox, founded in 1906 as the Haloid Photographic Company, has let go 15% of their workforce. Johnsonville sausage 400, Enphase Energy 340.
Twitch, the popular live-streaming platform for gamers, is laying off more than 500 employees, which is about one-third of its workforce. Citigroup is cutting 10% of its workforce, about 20,000 employees to be let go over the “medium term.”
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On Wednesday, Google confirmed it had cut hundreds of engineering and hardware workers as it sought to cut costs and refocus on artificial intelligence, according to Washington Post via MSN. Amazon is cutting jobs as well according to the same source.
These cuts follow cuts already made in 2022 and 2023:
The cuts at Amazon and Google this week are small compared to the many thousands of workers the two companies fired in 2022 and 2023. Amazon said it was cutting around 27,000 workers beginning at the end of 2022 and continuing through 2023. Google cut 12,000 jobs in January 2023, about 6 percent of its workforce. Meta, the parent company of Facebook, said at the end of 2022 it would cut 11,000 jobs, or 13 percent of its workers.
On Saturday, The Messenger reported “Thirty-five technology companies have laid off a combined 5,586 workers over the past two weeks, according to industry layoff tracker Layoffs.fyi.”
Another little tidbit from that article: “1,190 tech companies laid off a combined 262,682 workers last year, according to Layoffs.fyi.”
Other 2024 job cuts we know of so far from USA Today.
• Universal Music Group will lay off hundreds of employees, Bloomberg reports.
• Disney’s Pixar could cut staff by 20% this year, TechCrunch reports.
• Discord will eliminate 17% of its employees to “sharpen focus,” The Verge reports.
• Amazon will lay off hundreds of Prime Video and MGM Studios workers, The Hollywood Reporter writes, as well as 5% of its Audible staff.
• BlackRock will lay off 3% of its global workforce, Bloomberg reports.
• The NFL has offered buyouts to around 200 of its 1,100-person staff, CNBC reports.
• Rent the Runway will cut 10% of its corporate employees, including its COO, Bloomberg reports.
• Unity Software will lay off 1,800 people (25% of its workforce), Reuters reports.
• Duolingo will eliminate 10% of its contractor positions, Bloomberg reports.
• Newell Brands, Sharpie and Rubbermaid producer, will cut 7% of its office roles, The Wall Street Journal reports.
• VideoAmp will lay off 20% of its employees, AdAge reports.
• The Messenger will cut around two dozen jobs, The New York Times reports.
• Cheddar has furloughed workers due to “unforeseen” factors, The New York Times reports.
Happy Freaking New Year America.
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