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Layoff announcements in 2024:- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Block cuts 10% of workforce (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesIn 2023 layoffs jumped 98% from 2022. What will 2024 look like?
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Luiz Cent 🦉
Ask me about nearshore
4mo
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Thanks for the updates Genevieve Roch-Decter, CFA , we are hiring 🚀.
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Jordan Turner RSE, NCSO
Facility & Pipeline Construction Consultant, API 1169 & 1184 Inspector
4mo
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Add Enbridge to list with a cut of 650 workers today.
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Josh Putter, CPA, CA
Senior tax manager, Rawluk & Robert Chartered Professional Accountants
4mo
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Inflation is transitory, we can print as much money as we want. Borders who needs borders. Houses see above comments. Energy we don’t need energy, much less for Canadians. I mean it never gets cold here. Personally I use wind and solar to heat my house in Manitoba! What a joke Canada and the US have become. Absolutely disgrace. The stupidest people run these countries, don’t believe me, revert to Canada’s finance minister for anytime she has opened her mouth. These numbers are no surprise and only going to get worse as the year goes on! Rant over 😂
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Bryan Keane
Mortgage Loan Consultant at Lakeside Bank ▪ Nationwide Lender 🏠 ▪ New Purchase ▪ First Time Homebuyers ▪ Investors ▪ Refinancing ▪ HELOC ▪ Home Equity Debt Consolidation ♦ IN ALL 50 STATES ♦ NMLS# 1828705
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No worries. The employment report data will continue to reflect a bustling economy with solid jobs growth.
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Luke Winstrom
Director of Sales at Griffin Transportation
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LinkedIn Economist Guy Berger says everything is better than ever and people need to stop complaining 🤣......
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Benjamin Kratsch 🔜 The Esports World Cup
CEO // Content Strategist & Marketing Specialist // Gaming & eSports expert at GLP MEDIA
4mo
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Do understand some of those layoffs - Paypal's stock has been tanking for a long time. But why Microsoft? They are bathing in cash, with a reported 40B in gross profits (September 2023). It's a strange move to welcome a new company like Activision Blizzard into a marriage by firing a ton of their staff. Normally you strengthen your acquisition partner, you don't weaken them. Maybe someone can explain. If you are short on cash, sure - you have to. Twitch has never been profitable which makes, layoffs tough to avoid - that's not nice, but understandable. But if you are doing really, really well, why that Game of Thrones move. I don't see the strategy here...
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Braden Tomlinson ⚙️
Credit Portfolio Management @ Brex
4mo
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The UPS cuts really surprised me this morning since they are unlike their more tech heavy peers on this list.
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Julian McGhee
Influencer Marketing Manager, Culture x Strategy
4mo
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NO shade. It's SAD that I was excited to see some of these companies have roles I qualified for. I won't waste my time, energy, or passion to be CONSIDERED at any company willing to lay off good talent. I can only imagine what the morale feels like for all those left..
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Vijaykumar Bhatia
Managing Director at VIJAYKUMAR BHATIA TRAINING
4mo
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I can #forecast that in 2026 these #firms would need to pay stratospheric #salaries to get people to #work for them!
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Kirby Thibeault
President of Thibeault Financial Economics Inc.
4mo
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As companies pursue lower profits, more layoffs will appear and the recent rise in inflation and cost of living increase from higher interest rates to food to shelter costs, can all be traced to bad public policy. November is coming everyone and make sure that you hold Democrats accountable and vote Republican! The GOP are far more pro business and less social policy oriented and keep in mind, not one nation ever improved its standard of living with social policies....
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Grit Capital
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Layoff announcements in 2024: 👇🤯- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesIn 2023 layoffs jumped 98% from 2022. What will 2024 look like?
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Aspen Financial Management
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Layoff announcements in 2024:- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesIn 2023 layoffs jumped 98% from 2022. What will 2024 look like?
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Youssef Gharbi
Directeur Gestion de Portefeuille @ Desjardins | Banking
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Layoff announcements in 2024:- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Block cuts 10% of workforce (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred roles
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Ken Kuang
Entrepreneur | Best Seller | Wall Street Journal Op-Ed Writer | IMAPS Fellow | 2.5M Followers in Social Media
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Layoff announcements in 2024:- PayPal cuts 9% of workforce (~2500)- UPS cuts +12,000 roles - Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred roles
24
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Nishant Vyas
Founder Xprtis, Helping Students Get Hired | Early at, Two Public, One Acquired, Startups | Two Decades of Building Distributed Systems
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Layoff announcements in 2024:So far, the tech industry alone has seen around 85 firms cutting over 23,000 jobs in 2024, according to sources like Layoffs.fyi. Some of the notable layoffs in the tech sector include:- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesIn 2023 layoffs jumped 98% from 2022. Please help your fellow workers in this transition in any small way possible.
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Rinor Restelica
I talk about Web3, AI, Marketing, Tech | CMO, 9 yr marketing and business, I help your brand fly🚀
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Layoff announcements in 2024:- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesIn 2023 layoffs jumped 98% from 2022. Let’s remember that just six months ago UPS was paying driver $170,000 now they are cutting +12,000 jobs.What will 2024 look like?#tech #ai #layoffs #jobs #linkedin #business
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Justin Cardillo
Providing Tailored, Measurable, and Scalable Coaching Solutions
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Layoff announcements in 2024:- PayPal cuts 9% of the workforce (Yesterday!)- UPS cuts +12,000 roles(Yesterday!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesThis is scary!
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Travis Curnutte
📡 Telecom Innovator and Marketing Strategist at Volli | 🌍 Championing Inclusivity and Extreme Candor in Leadership | 🏒 Passionate Hockey Enthusiast | ✨ Leading with Tourette's
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Praying for all those being effected by lay offs the past few months.Saw these stats today and was blown away.Here to help anyone looking for help to get placed.To put 2024 into perspective when it comes to layoffs:Layoff announcements in 2024:- PayPal cuts 9% of workforce (TODAY!)- UPS cuts +12,000 roles (TODAY!)- Microsoft cuts +1,900 roles- Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the Runway 10% - eBay 9% - Blackrock 3% - Citigroug cuts 20,000 roles - Google cuts +1,000 - Amazon cuts several hundred rolesIn 2023 layoffs jumped 98% from 2022. What will 2024 look like?
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Travis Curnutte
📡 Telecom Innovator and Marketing Strategist at Volli | 🌍 Championing Inclusivity and Extreme Candor in Leadership | 🏒 Passionate Hockey Enthusiast | ✨ Leading with Tourette's
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Latest List of Layoffs Over Last 3 Months:1. Twitch: 35% of workforce2. Hasbro: 20% of workforce3. Spotify: 17% of workforce4. Levi's: 15% of workforce 5. Zerox: 15% of workforce6. Qualtrics: 14% of workforce7. Wayfair: 13% of workforce8. Duolingo: 10% of workforce9. Washington Post: 10% of workforce10. Snapchat: 10% of workforce11. eBay: 9% of workforce12. PayPal: 9% of workforce13. Business Insider: 8% of workforce14. Charles Schwab: 6% of workforce15. Macy's: 4% of workforce16. Blackrock: 3% of workforce17. Citigroup: 20,000 employees18. UPS: 12,000 employees19. Cisco: "Thousands" of employees20. Deutsche Bank: 3,500 employees21. Pixar: 1,300 employees22. Salesforce: 700 employees23. American Airlines: 650 employeesWe have now seen over 100,000 layoffs announced in 2024.January 2024 saw a total of 82,000 layoffs, the second worst January since 2009.Is the labor market finally starting to soften?
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The full list of major US companies slashing staff this year, from UPS to Google and MicrosoftThe full list of major US companies slashing staff this year, from UPS to Google and Microsoft https://buff.ly/49gv4CF- 💼 Companies like Amazon, Google, UPS, and Citi are still cutting jobs in 2024, following layoffs in the previous year.- 📉 Business leaders are concerned about layoffs, with 38% expecting them at their companies and around half planning hiring freezes, partly due to concerns about a possible recession and the impact of artificial intelligence.- 🌐 Several major companies are planning or already undergoing layoffs in 2024, including Google, Discord, Citi, Amazon, Twitch, Nike, BlackRock, Rent the Runway, Unity Software, eBay, Microsoft (at Activision, Xbox, and ZeniMax), Salesforce, Flexport, iRobot, UPS, and PayPal.
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