Vice to stop publishing on website, lay off hundreds
Vice Media announced this week that it would lay off hundreds of employees and cease publishing on its website. “It is no longer cost-effective to distribute digital content as we have in the past,” CEO Bruce Dixon said in a memo to employees and employees. Shared on multiple media Thursday. Dixon said Vice plans to […]
BuzzFeed sells Complex for $108.6 million, will lay off some staff
BuzzFeed will sell Complex Networks to live streaming video commerce platform NTWRK at a deep discount and reduce its remaining staff by an additional 16 percent, the company announced Wednesday. of $108.6 million all-cash transaction Just over two years since BuzzFeed Acquires pop culture media startup Complex It will be sold in December 2021 for […]
Nike to Lay Off 1,600 Employees After Stock Dip and Woke Drama
Nike has begun mass layoffs of approximately 1,600 employees, President and CEO John Donahoe announced during a company-wide conference Thursday. Email Retrieved by WFAA. “This is a painful reality, and one we don’t take lightly,” said Donahoe, who is also PayPal’s chairman. announced. “We are not performing at our best right now, and ultimately I […]
Cisco to lay off 4,000 to focus on AI technology
Information technology and software maker Cisco has announced plans to cut about 4,250 employees to focus on artificial intelligence. The layoffs will represent about 5% of the company’s approximately 85,000 employees worldwide, and will cost the company $800 million before taxes in severance and benefits payments to departing employees. CEO Chuck Robbins told investors that […]
Cisco to lay off more than 4,000 employees to focus on AI
Cisco has revealed plans to reduce its workforce by 5% to increase its focus on artificial intelligence. The technology giant has approximately 4,250 employees worldwide. San Jose, Calif.-based Cisco said the layoffs will cost the company about $800 million in pre-tax losses related to severance and benefits, and will increase the company’s investment in high-growth […]
Trump vow to NRA if reelected: ‘No one will lay a finger on your firearms’
Former President Trump gave a new oath to members of the National Rifle Association (NRA) on Friday, promising to strengthen protections for Second Amendment rights if re-elected in November. “With me here at 1600 Pennsylvania Avenue, I promise you that no one will ever lay a finger on your firearm. “It’s the same as the […]
NASA Jet Propulsion Laboratory to lay off workers amid budget constraints
NASA’s Jet Propulsion Laboratory (JPL), located outside Los Angeles, plans to lay off 530 employees and 40 contractors in a cost-cutting measure after failing to secure federal funding for the fiscal year. “These are painful but necessary adjustments that will allow us to meet budget allocations while continuing our important work for NASA and our […]
Snap to Lay off 10% of Global Workforce to ‘Promote In-Person Collaboration’
Snap, the maker of the social media platform Snapchat, announced it would lay off 10 percent of its global workforce, or about 500 people, to “facilitate in-person collaboration.” According to one source, the company will lay off 20% of its workforce in 2022, and a small number of employees in its product division in November, […]
UPS to lay off 12,000 workers 5 months after agreeing to massive pay raise with union, stock price plummets
united parcel service announced On Tuesday, the company announced it would lay off 12,000 workers, just five months after it celebrated agreeing to a big union-negotiated pay increase for its drivers. “We’re aligning our organization to our strategy and aligning our resources to what’s really important,” CEO Carol Thome said on a conference call. He […]
French Farmers Lay ‘Seige’ To Paris To Protest Environmental Red Tape
French farmers gathered in droves on the outskirts of Paris on Monday in a staged protest against government environmental regulations. Nearly two months after French farmers dumped 300 cubic meters of fertilizer in front of the state capital of Cahors, hundreds of tractors and haystacks have blocked the highway leading to Paris. according to ABC. […]