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DRAGFLATION, slower economic growth and rising inflation, plus rising interest rate hikes are causing companies in many sectors to lay off employees. For the sixteenth week, to illustrate the employment trends and the socioeconomic implications, we continue to list job losses.
- Unacademy cuts another 350 jobs in second round of layoffs
- Meta announced “large-scale” layoffs are being planned
- Chime will cut 12 percent, roughly 160 people
- Lyft cut 650 staff members
- Stripe shrunk 14 percent, affecting 1,120 workers
- Twitter will reportedly cut 50 percent of its staff
- Opendoor will cut 18 percent of its workforce, 550 staff
- Upstart shrunk 7 percent
- Mythical Games cut 10 percent of its staff
- Galaxy Digital Holdings Ltd. will eliminate 20 percent of its staff
- Coppell based Mr. Cooper laid off 800 employees
- Warner Bros. plans to cut jobs in distribution and marketing
- Hootsuite announces its 4th round of layoffs this year
- New American Funding cut 240
- Exact Sciences lost 350 staff
- Okabashi fired 142 workers
- Code42 Minneapolis shrunk 15 percent
- Electrolux laid off thousands worldwide
- Comcast announced cuts
- Radian Group Inc. lost 100 workers
- DaVita Federal Way cut 200 jobs
- J.D. Byrider cut 43 jobs
- KAR Auction Services closed 300 positions
- AMS Retail Solutions fired 115
- Cepheid axed 1,000 workers
- Dapper Labs shrunk 22 percent
- StockX cut 80 jobs
- Notarize cut 60 jobs
- Salesforce to get rid of nearly 1,000 employees
- Effective immediately Napoleon announced it will temporarily lay off some 100 manufacturing associates.