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Layoffs

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Wall Street
FinanceWall Street cheers uptick in layoffs as S&P 500 rises within 1% of its record high
By Stan Choe and The Associated PressMay 9, 2024
Tesla’s China job cuts speed up as Elon Musk faces pressure to win back share in world’s biggest auto market
FinanceTesla’s China job cuts speed up as Elon Musk faces pressure to win back share in world’s biggest auto market
By BloombergMay 9, 2024
Jozsef Veradi is chasing a $125 million bonus from his languishing airline.
SuccessWizz Air CEO, denied $125 million bonus, regrets firing 20% of his workforce during the pandemic because it hit morale
By Ryan HoggMay 7, 2024
Elon Musk
TechTesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan
By Dana Hull, Kara Carlson and BloombergMay 1, 2024
Tesla CEO Elon Musk
TechElon Musk reportedly sacked Tesla’s entire Supercharger team, including his top female manager
By Christiaan HetznerApril 30, 2024
Spotify's CEO and Co-Founder Daniel Ek (L) joins author and comedian Trevor Noah to discuss the future of storytelling at Spotify Beach
TechSpotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations
By Ryan HoggApril 23, 2024
Elon Musk waves his hand
TechTesla guts newly formed marketing team despite investors demanding greater focus on ads as EV sales slow
By Edward Ludlow and BloombergApril 22, 2024
John Donahoe
RetailHundreds of staffers laid off at Nike, as second-round cuts hit Oregon headquarters
By Kim Bhasin, Leslie Patton and BloombergApril 19, 2024
Businesswoman shaking hands to close a deal with clients in the office
TechBritish unions want new law to stop firms from using AI to spot facial expressions and tone of voice as part of hiring decisions
By Ryan HoggApril 18, 2024
Sachin Dev Duggal founder of Builder.ai at Fortune Brainstorm AI London on April 16, 2024.
TechChatGPT-style AI bots have ‘lit a fire in boardrooms’ and it’s all thanks to slick design, says AI unicorn ‘chief wizard’
By Orianna Rosa RoyleApril 18, 2024
Mati Staniszewski
NewslettersAI leaders tackle tough questions at Fortune Brainstorm AI London
By Sharon GoldmanApril 16, 2024
Tesla will cut over 10% of its global workforce—some 14,000 employees—in face of slowing EV demand
TechTesla will cut over 10% of its global workforce—some 14,000 employees—in face of slowing EV demand
By Dana Hull and BloombergApril 15, 2024
Best Buy
Retail‘Geek Squad is a sinking ship’: Best Buy workers reel from mass layoff
By Eoin Higgins, IT Brew and Morning BrewApril 12, 2024
Bill Anderson, chief executive officer of Bayer
LeadershipPharmaceutical giant Bayer is getting rid of bosses and asking nearly 100,000 workers to ‘self-organize’ to save $2.15 billion
By Orianna Rosa RoyleApril 11, 2024
Amazon’s security chief says he would be ‘astonished’ if cybersecurity professionals are laid off due to AI
NewslettersAmazon’s security chief says he would be ‘astonished’ if cybersecurity professionals are laid off due to AI
By Rachyl JonesApril 9, 2024
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