NJ WARN Act was amended. Make sure you know your rights. Contact your TAA representative for extra benefits. Keep contacting/emailing the TAA representative until they tell you they have contacted the companies HR to get the information they... — read more
Tackle.io is a sinking ship
Feb layoffs followed by resignations with no behavior change by leadership.
Why so much chatter at BNY Mellon?
https://www.thelayoff.com/bank-of-new-york-mellon
Piles of debt may factor into Hyland's sweeping layoffs
Hyland has a history of funding growth, acquisitions and dividend payments to its private equity owners through debt, according to a 2022 credit report from Moody's, which apparently is creating some financial duress for the company in the wake of... — read more
Job cuts surged 15% in March, and large-scale layoffs 'will likely continue:' Report
"Layoffs are up 319% this year, with tech companies leading the way in job cuts" https://www.foxbusiness.com/economy/job-cuts-surged-march-large-scale-layoffs-will-likely-continue-report
Little Faith in Banks
"Only 10 percent of U.S. adults say they have high confidence in the nation’s banks and other financial institutions, a new poll finds. That’s down from the 22 percent who said they had high confidence in... — read more
Will Silicon Valley Bank’s collapse lead to a financial crisis?
Poor regulation and lack of oversight. What could possibly go wrong? https://www.brookings.edu/podcast-episode/will-silicon-valley-banks-collapse-lead-to-a-financial-crisis/
‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says
https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92
Walmart warehouse workers
https://www.thelayoff.com/wal-mart-stores https://www.cnn.com/2023/04/04/business/walmart-warehouse-layoffs/index.html
Major layoffs coming to Hyland
Rumor is this will be company-wide and it will be huge - four digits huge.
Schuco USA layoffs
Massive Layoffs Planned At Newington Manufacturer A manufacturer of window, doors, facades and shading systems for buildings announced Monday that economic difficulties will result in layoffs at the Newington... — read more
McDonalds
https://www.thelayoff.com/mcdonald-s https://www.cnbc.com/2023/04/03/mcdonalds-closes-corporate-offices-as-workers-await-layoffs.html
More Microsoft layoffs
https://www.thelayoff.com/microsoft https://www.seattletimes.com/business/microsoft-seattle-area-layoffs-top-2700-with-tech-giants-latest-cuts/
Who know more about Crowdstrike layoffs?
It's happening today, that's all I've heard.
Walmart store closures in 6 states
https://www.thelayoff.com/wal-mart-stores https://news.yahoo.com/walmart-store-closures-2023-affect-163335166.html
More layoffs at Disney?
https://www.thelayoff.com/walt-disney
National Public Radio
https://www.npr.org/2023/03/23/1165559810/npr-layoffs-cancels-podcasts-invisibilia-rough-translation
This probably means layoffs at Pear Therapeutics
https://www.fiercebiotech.com/medtech/pear-market-digital-therapeutics-maker-eyeing-sale-last-ditch-money-saving-move-after
Crash Landing?
Telling graph. https://www.ft.com/content/397fb877-a1ec-48b5-841d-d646d2891b47
"Academic study flags 186 banks vulnerable to a run like Silicon Valley Bank"
A new academic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week. The paper by four professors concludes that the... — read more
Game Over?
https://voidnetwork.gr/wp-content/uploads/2016/09/Does-capitalism-have-a-future-a-book-review.pdf
Course Hero Layoffs 2023
Around fifty people were just laid off from Course Hero. The employees were provided 12 weeks' severance, which, in the grand scheme of things is not that bad. Sadly, unlike all the other layoffs that are taking place, such a small layoff doesn't... — read more
Klaviyo conducts companywide layoffs
https://techcrunch.com/2023/03/15/klaviyo-conducts-company-wide-layoffs/
Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’
https://www.cnbc.com/2023/03/14/moodys-cuts-outlook-on-us-banking-system-to-negative-citing-rapidly-deteriorating-operating-environment.html
Meta Facebook again
https://www.thelayoff.com/facebook https://www.msn.com/en-us/money/careersandeducation/mark-zuckerberg-is-planning-another-round-of-layoffs-and-it-will-likely-decimate-remaining-morale-at-meta/
Blount Fine Foods layoffs have started
Nearly 200 employees are being laid off in Portland, and I'm betting there will be more in other locations as well.
Y Combinator layoffs March 2023
Y Combinator will be writing fewer checks for late-stage companies, a scale back that also cost 17 team members — or roughly 20% of the accelerator’s employees — their jobs, according to a statement released on Monday. The accelerator told TechCrunch... — read more
Myomo Layoffs 2023
12% of employees laid off so far this year.
Silicon Valley Bank
https://www.thelayoff.com/svb-financial-group
Westfall Technik Announces Arizona Plant Closures, Layoffs
https://www.plasticstoday.com/legislation-regulations/westfall-technik-announces-arizona-plant-closures-layoffs
Tech Layoffs: February Marks Third-Worst Month
https://news.crunchbase.com/layoffs/february-tech-layoffs-analysis-alphabet-microsoft/
Wheels Up Layoffs Announced
Wheels Up, reportedly the country’s third largest fractional, has announced it’s laying off an unspecified number of non-operational employees to trim $30 million worth of salaries and benefits from its payroll... — read more
General Motors
https://www.thelayoff.com/general-motors https://www.cnbc.com/2023/02/28/general-motors-layoffs.html
Eventbrite had layoffs yesterday
Whole teams were let go. There was no continuation today that I know of, so I'm hoping it's done.
Cerebral layoffs 2023
15% of employees laid off.
Steam Logistics offering $2,000 cash for quits to avoid layoffs
https://www.freightwaves.com/news/steam-logistics-offering-2000-cash-for-quits