Tag: layoffs

BUSINESS

Spotify Set To Lay Off 1,500 Employees

According to press reports, Spotify is set to lay off 17% of its global workforce, which is estimated to be 1,500 employees. This move comes against the layoffs earlier this year of 600 people in January and an additional 200 in June. The music streaming giant is continuing its effort to cut costs and work toward becoming profitable, said Spotify […]

BUSINESS

Yahoo Set To Layoff Thousands Of Workers

Yahoo plans to lay off more than 20 percent of its total 8,600 workforce as part of a major restructuring. The veteran tech company is reorganizing its advertising unit, which will lose more than half of its staff by the end of the year. Nearly 1,000 employees will be affected by the cuts by the end of the week. Yahoo […]

BUSINESS

Walt Disney Set To Layoff 32,000 Workers

Walt Disney plans to lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus pandemic. In a filing with the Securities and Exchange Commission, the company said the layoffs will be in the first half of 2021. Earlier this month, […]