October Layoffs Update
Firms that have announced layoffs in October:
- Microsoft, LinkedIn's parent company, laid off about 1,000 employees across multiple divisions
- Flipboard will cut 21% of its staff (24 employees)
- Momentive.ai announced an unspecified number of layoffs in a post on LinkedIn.
- Video game publisher Take-Two is closing its studio in New York City, resulting in the layoffs of 65 employees
- Oracle laid off 201 employees in its Redwood City, California, office.
- Salesforce cut an unspecified number of employees, according to Protocol.
- Noom laid off about 500 staff, the majority in coaching.
- Media giant Gannett is cutting costs by having employees take a week of compulsory unpaid leave, offering voluntary buyouts and temporarily suspending 401(k) contribution matches.
- Brex laid off 136 people (11% of its staff)
- Intel is planning thousands of job cuts, Bloomberg reports
- Warner Brothers Discovery laid off more than 80 employees, and said those were included in 125 open positions that won't be filled.
- General Electric is slashing “hundreds of jobs” at its onshore wind-turbine unit in the U.S., according to anonymous sources.
- Peloton is cutting staff for the fourth time this year affecting about 500 employees, or 12% of its workforce.
- JBS Foods is closing the Denver factory of plant-based meat startup Planterra Foods, which will result in about 121 layoffs.