Kyle Samani, co-founder of Multicoin Capital, has sparked debate surrounding the Ethereum Foundation’s recent announcement of layoffs and its future strategic direction. Samani argues that the term ‘focus,’ […]
Pemex Announces Major Layoffs as Restructuring Takes Aim at Financial Recovery
Mexico’s state oil company, Pemex, has announced plans to reduce its workforce by over 3,000 positions in an effort to alleviate a mounting financial burden. This restructuring follows […]
Pemex Announces Layoffs of 3,000 Employees Amid Restructuring
Mexican state oil company Pemex is embarking on a major restructuring plan, which includes the layoff of over 3,000 experienced employees. This cost-cutting measure comes amidst mounting financial […]
Nike Restructures Technology Division, Laying Off Employees
Nike, the global sportswear giant, has initiated layoffs within its technology division as part of a larger strategic overhaul. The move comes under new CEO Elliott Hill and […]
Meta Reduces Reality Labs Staff As Company Streamlines Operations
Meta Platforms is undertaking a significant workforce reduction within its Reality Labs division, which oversees virtual reality and wearable technology. Reports suggest over 100 employees are being laid […]
Intel Announces Workforce Reduction Amidst Restructuring Efforts
Intel is planning a significant workforce reduction this week, with an anticipated layoff affecting over 20% of its staff. This strategic move aims to streamline operations and optimize […]
Kraken Prepares for IPO: Layoffs Reduce Workforce by 15%
Kraken is making strategic workforce adjustments as it prepares to go public, announcing a reduction of approximately 15% of its employees. This move aims to streamline operations and […]
DOGE Layoffs Cause Errors, Prompting New Notices for US Agency Employees
Elon Musk’s Department of Government Efficiency (DOGE), responsible for agency staffing changes, initially issued termination notices to thousands of US Agency for International Development (USAID) employees following a […]
U.S. Corporate Layoffs Surge in March, Hitting Record High
A recent report by Odaily reveals that U.S. corporations conducted a record-breaking number of layoffs in March. With 275,240 employees losing their jobs, the figure represents the highest […]
DOGE-Driven Layoffs: Economist Warns of Potential One Million Job Cuts
Economist Torsten Sløk predicts a significant job market downturn as a result of Elon Musk’s push for government spending cuts through his Department of Government Efficiency (DOGE). He […]
Sam Bankman-Fried’s Prison Tweets Spark Discussion on Layoffs and Workforce Planning
Former FTX CEO Sam Bankman-Fried, currently serving a 25-year prison sentence, has sparked controversy with his recent tweets from behind bars. The tweets touched upon Elon Musk’s push […]