Tag Archives: Companies

Over the last year there have been massive amounts of layoffs, downsizing and hiring freezes: Mainstream isn’t giving the full picture

Leading-Companies-Layoffs-2023

Important Takeaways:

  • Intellizence offers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze data for market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor public sources like news and WARN filings for the latest layoff and hiring freeze announcements. We aggregate, de-duplicate, normalize, and deliver the curated layoff data through API and Web dashboard.
  • Major Layoffs and Hiring Freezes in 2023 & 2024
  • Microsoft
  • of Employees to be Laid off: 1900
  • Lloyds Banking Group
    • of Employees to be Laid off: 1600
  • Valeo
    • of Employees to be Laid off: 1150
    • Industry: Automobile
  • eBay
    • of Employees to be Laid off: 1000
  • Corning Inc.
    • of Employees to be Laid off: 1000
    • Industry: Manufacturing
  • Salesforce
    • of Employees to be Laid off: 700
    • Industry: Technology
  • Tata Steel
    • of Employees to be Laid off: 2800
  • Macy’s
    • of Employees to be Laid off: 2000
  • Wayfair
    • of Employees to be Laid off: 1650
  • Bosch
    • of Employees to be Laid off: 1200
  • Citi Group
    • of Employees to be Laid off: 20,000
  • Google
    • of Employees to be Laid off: 1000
    • Industry: Technology
  • Unity Software
    • of Employees to be Laid off: 1800
    • Industry: Technology
  • GDI Integrated Facilities Services
    • of Employees to be Laid off: 1867
    • Industry: Consumer Services
  • Twitch
    • of Employees to be Laid off: 500
    • Industry: Media
  • Telefonica
    • of Employees to be Laid off: 3421
    • Industry: Telecommunication
  • Enphase Energy
    • of Employees to be Laid off: 340
    • Industry: Energy & Utilities
  • Johnsonville
    • of Employees to be Laid off: 400
    • Industry: Consumer Products
  • Xerox
    • of Employees to be Laid off: 15% of Workforce
    • Industry: IT Services & Outsourcing
  • Earth
    • of Employees to be Laid off: 20% of Workforce
    • Industry: Automobile
  • Google
    • of Employees to be Laid off: 30,000
  • Telefonica
    • of Employees to be Laid off: 3,400
    • Industry: Telecommunication
  • Paytm
    • of Employees to be Laid off: 1000
    • Industry: Technology
  • PT Waskita Karya
    • of Employees to be Laid off: 500
    • Industry: Construction
  • Agilent Technologies
    • of Employees to be Laid off: 400
  • ShareChat
    • of Employees to be Laid off: 200
    • Industry: Technology
  • Hasbro
    • of Employees to be Laid off: 1100
    • Industry: Retail
  • State Street Corp.
    • of Employees to be Laid off: 1500
    • Industry: Financial Services
  • General Motors
    • of Employees to be Laid off: 1300
  • Alitalia
    • of Employees to be Laid off: 3000
    • Industry: Aviation
  • Spotify
    • of Employees to be Laid off: 1500
    • Industry: Media & Entertainment
  • Guangzhou Automobile Group Honda
    • of Employees to be Laid off: 900
    • Industry: Automobile
  • CBC/ Radio Canada
    • of Employees to be Laid off: 600
    • Industry: Media & Entertainment
  • Capita
    • of Employees to be Laid off: 900
    • Industry: IT Services & Outsourcing
  • Nien Hsing Textile Co.
    • of Employees to be Laid off: 700
    • Industry: Textiles
  • Surefox North America
    • of Employees to be Laid off: 386
    • Industry: Security
  • Stellantis
    • of Employees to be Laid off: 6400 (buyout)
    • Industry: Automobile
  • HannesBrands
    • of Employees to be Laid off: 1592
  • Alstom
    • of Employees to be Laid off: 1500
    • Industry: Manufacturing
  • Embracer Group
    • of Employees to be Laid off: 900
    • Industry: Technology
  • Maersk
    • of Employees to be Laid off: 10,000
    • Industry: Shipping & Ports
  • Block
    • of Employees to be Laid off: 1000
    • Industry: Technology
  • Pico Interactive
    • of Employees to be Laid off: 2000
    • Industry: Technology
  • Viasat
    • of Employees to be Laid off: 800
    • Industry: Telecommunication
  • Charles Schwab
    • of Employees to be Laid off: 2000
  • TVA Group
    • of Employees to be Laid off: 500
  • Splunk
    • of Employees to be Laid off: 560
  • Pfizer
    • of Employees to be Laid off: 800
  • VW Group
    • of Employees to be Laid off: 2000
  • British Steel
    • of Employees to be Laid off: 2000
  • AGCO
    • of Employees to be Laid off: 900 (Furlough)
    • Industry: Manufacturing
  • Fox Fashion
    • of Employees to be Laid off: 50% of Employees (Furlough)
  • AMD
    • of Employees to be Laid off: 450
  • Nokia
    • of Employees to be Laid off: 14000
  • Rolls-Royce
    • of Employees to be Laid off: 2500
  • International Paper
    • of Employees to be Laid off: 900
  • LinkedIn
    • of Employees to be Laid off: 668
  • Qualcomm
    • of Employees to be Laid off: 1260 (2.5% of the workforce)
  • Sana Biotechnology
    • of Employees to be Laid off: 29% of the workforce
    • Industry: Healthcare
  • Stellantis
    • of Employees to be Laid off: 700
  • Qualtrics
    • of Employees to be Laid off: 780 (14% of the workforce)
  • Hopper
    • of Employees to be Laid off: 30% of Workforce
  • General Motors and Ford Motor
    • of Employees to be Laid off: 900
  • Pushkin Industries
    • of Employees to be Laid off: 30% of Workforce
  • Byju’s
    • of Employees to be Laid off: 5000
  • Centene Corp.
    • of Employees to be Laid off: 2000
  • Epic Games
    • of Employees to be Laid off: 830
  • Airtable
    • of Employees to be Laid off: 27% of Employees
  • Deloitte UK
    • of Employees to be Laid off: 800 (3% of Employees)
  • Ford
    • of Employees to be Laid off: 600
  • Goodyear
    • of Employees to be Laid off: 1200
  • Slalom Consulting
    • of Employees to be Laid off: 900
  • Roku
    • of Employees to be Laid off: 10% of its Employees
  • Wilko
    • of Employees to be Laid off: 1300
  • Tyson Foods
    • of Employees to be Laid off: 4600
  • Farmers Insurance
    • of Employees to be Laid off: 2400 (11% of Employees)
  • T-Mobile
    • of Employees to be Laid off: 5000
  • Royal Bank of Canada (RBC)
    • of Employees to be Laid off: 1800
  • GM
    • of Employees to be Laid off: 936
  • Giant Foods
    • of Employees to be Laid off: 400
  • Matheson
    • of Employees to be Laid off: 335
  • Klaussner Furniture Industries
    • of Employees to be Laid off: 800
  • Cano Health
    • of Employees to be Laid off: 700
  • Credit Suisse
    • of Employees to be Laid off: 80% of Employees
  • Emergent BioSolutions
    • of Employees to be Laid off: 400
  • Yellow Corp
    • of Employees to be Laid off: 30000
  • Telus
    • of Employees to be Laid off: 6000
  • CVS Health
    • of Employees to be Laid off: 5000
  • BCE
    • of Employees to be Laid off: 5000
  • AT&T
    • of Employees to be Laid off: 1000
  • Accenture
    • of Employees to be Laid off: 890
  • Ericsson
    • of Employees to be Laid off: 750
  • Microsoft
    • of Employees to be Laid off: 1000
  • Lendlease
    • of Employees to be Laid off: 750
  • Regina Miracle
    • of Employees to be Laid off: 8400
  • Amdocs
    • of Employees to be Laid off: 2000
  • Viaplay
    • of Employees to be Laid off: 1000
  • Wall Green Boots
    • of Employees to be Laid off: 393

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Russian companies will feel severe effect from U.S. sanctions: Fitch

National flags of Russia and the U.S. fly at Vnukovo International Airport in Moscow, Russia April 11, 2017. REUTERS/Maxim Shemetov

MOSCOW (Reuters) – The new round of U.S. sanctions against Russia will have a “severe effect” on targeted companies and will limit Russia’s potential economic growth, Fitch Ratings said on Friday.

The U.S. Treasury on April 6 announced sanctions on seven Russian oligarchs and 12 companies they own or control, saying they were profiting from a Russian state engaged in “malign activities” around the world.

“The sanctions are likely to have a profound effect on the designated companies, which would be unable to transact in U.S. dollars – the standard denomination currency in commodities trading and the main currency in counterparty transactions in international trading,” Fitch said.

The sanctions hit Russian markets hard, denting the rouble and sending shares in four publicly listed companies with links to those sanctioned plummeting both in Russia and elsewhere: Rusal , EN+ Group, GAZ group, GAZA. and Polyus.

Fitch said it stopped rating Rusal and EN+ Group, describing the latest round of sanctions as “the most significant affecting Russian corporates” since 2014 when the West first imposed sanctions against Russia for the annexation of Crimea and Moscow’s role in the Ukrainian crisis.

According to Reuters calculations, three Russian tycoons targeted by a new list of U.S. sanctions may have lost a combined $7.5 billion in less than a week since the list was announced.

Fitch noted Russia’s strong external balance sheet, saying it means Russia is well positioned to meet forex needs from other parts of the economy, while the free-floating rouble provides a shock absorber, something that was not available in 2014.

“However, uncertainty stemming from the sanctions and their possible extension could deter investment and thereby undermine potential economic growth,” Fitch said.

This year, the economy is on track to grow by up to two percent, the central bank forecast, after expanding by 1.5 percent in 2017.

Fitch revised Russia’s sovereign rating outlook to positive from stable in September and said the rating itself would be one notch higher than its current BBB- level if not the U.S. sanctions.

(Reporting by Andrey Ostroukh; Editing by Richard Balmforth)

Global private companies confident, but unprepared for hacking threat: PwC

LONDON (Reuters) – The chief executives of some of the worlds’ leading private companies are confident about their firms’ prospects and plan to recruit more staff, but are ill-prepared for cyber attacks, according to a report by PwC on Thursday.

The “Undaunted, but underprepared?” report found 86 percent of CEOs were confident about their companies revenue prospects in 2017, an increase of 5 percent from last year.

That made it the first time in five years that private company bosses were more confident than public company CEOs.

The report, based on responses from 781 private company CEOs in 79 countries, also found that 41 percent of private company CEOs were not concerned about cyber threats and only 68 percent were concerned about the speed of technological change.

Stephanie Hyde, Global Entrepreneurial and Private Business Leader for PwC UK, said it was worrying that private company CEOs were less concerned about technology and cyber compared to their public counterparts, as they had less resources available to invest in addressing these issues.

“This may make them more vulnerable to cyber attacks, so in theory they should be more concerned about these threats not less,” she said.

“In our view, this is probably the single most worrying finding in our report, especially in light of growing evidence that hackers are now targeting smaller and private businesses, thinking they will not be so well protected.”

(Reporting by Michael Holden)