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Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
● Google – firing contract workers at YouTube, no “official” numbers reported.
● PouYuen Vietnam – 6,000 fired
● Stack Overflow – 58, 10 percent of its staff let go.
● Carrollton – axed 272 employees
● Allbirds – 21, 9 percent of its corporate staff
● Squibb – let go of 48 employees
● Ochsner – fired 800
● Akamai – axed 300
● Polestar – 130, let go = to 10 percent of it staff
● Ubisoft – 60 fired
● RedBubble – 75 fired, 23 of its staff… a second round
● PeaceHealth – 251 fired
● Roche – 165 employees fired
● Sea – 7,500, axed or some 10 percent of its staff
● Amazon – 500 let go in India
● Cook Medical – 500 fired
● Vodafone – 11,000 fired
● Morgan Stanley – 40 fired or some 7 percent of its Asia- Pacific investment banking crew
● Brockton Public Schools Mass. – 130 staff positions eliminated
● Digital bank N26 – 71 fired
● Carter Roag Coal Company – 230 got layoff notices
● The Witcher spin–off studio – 29 fired
● Happay – 160 fired
● Consumers Energy – offers buyouts to 4,900 employees
● Cleveland-Cliffs tin mill operation – 300 let go by June
● Deviation Games – 90 axed
● CS Disco Inc. – 47 axed
● Veeam Software Corp. – 200 cuts
● U.S. Xpress – 150 recent layoffs
● DHL Supply Chain in Sugar Land, Missouri City – 80 layoffs coming
● Getaround Inc to buy HyreCar Inc – Plan includes 10 percent layoffs of company workforce
● Aventiv Technologies – 272 fired
● Marysville School District Washington – Dozens of layoff notices
● Entegris – 144
● Vernon Downs Hotel Casino NY – 249 Layoff Notices, plans to close by end of 2023
● Silvergate – 230 fired
● Packaging Corporation of America Wallula mill plant to be idled – 300 to 450 workers idled
● Microsoft in Seattle area – 158 axed
● Marqeta – 15 percent of its staff or 150 workers let go
● Lipsey Logistics – 20 fired
● EQRx – 170
● Dechert Firm – 98 let go (International)
● Hudson’s Bay – 250 fired (International)
● Jomboy Media – 6 gone
● Cascades Inc. downsizes St Helen Oregon – 45 fired
● Sonatype – 14 percent (International)
● Rochester (N.Y.) Regional Health – 60 positions cut
● Pearson in Cedar Rapids – 37 fired
● Novavax – 500 fired
● AudioCodes – 80 let go
● LinkedIn – 700 Jobs and phase out Local job app in China