Tag: layoffs
Juul is reportedly laying off 800 to 950 employees
Juul is set to eliminate between 800 to 950 jobs, according to a new report from The Wall Street Journal. Those massive cuts would amount to around a third of the Bay Area vaping giant’s entire workforce. While the news comes amid a deluge of layoff reports, Juul’s troubles are…
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Lyft lays off nearly 1,000 employees
More than 1,000 people are out of work due to cutbacks at Lyft. The company is laying off 982 employees, 17 percent of its workforce, CNBC reports. It is furloughing another 288 workers.In a regulatory filing, the company detailed plans to reduce the… Source
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TripAdvisor will cut almost 25% of its workforce as the travel industry languishes
In a blog post, TripAdvisor CEO and co-founder Stephen Kaufer announced that the company would be reducing its workforce in light of the pandemic, which has wrought particular havoc on the travel industry. The layoffs will reduce the company by 900 employees—nearly a quarter of its workforce. Of the cuts,…
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Manufacturing startup Divergent 3D reduces staff by one-third
Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department.…
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OnePlus downsizes European teams to focus on key markets
It’s only been a little over a week since the OnePlus 8 launch, but the company apparently went ahead and announced significant redundancies across Europe since yesterday. According to sources close to the matter, many regional offices — namely UK, F… Source
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Magic Leap layoffs reportedly affect about half its workforce
The past few years have been rough for Magic Leap, and the coronavirus pandemic isn’t helping matters. The company announced today that it will lay off employees at every level of the organization, and though Magic Leap’s CEO, Rony Abovitz, doesn’t c… Source
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