Category: Layoffs and Closures

The latest job cuts at Salesforce and Target are landing in a labor market already straining under a sharp rise in corporate downsizing. From big-box retail to cloud software, employers are trimming white-collar roles, reorganizing teams and leaning harder into automation, even as the broader economy avoids an outright collapse. For workers, the message is…

The company that runs Eddie Bauer’s mall and outlet stores in the United States and Canada has entered Chapter 11 for the third time, putting roughly 180 to nearly 200 locations in limbo and testing the durability of a 106‑year‑old outdoor label. The filing by Catalyst Brands is framed as a restructuring meant to keep…

Salesforce has started 2026 by trimming its workforce again, cutting under 1,000 roles in a move that blends cost discipline with an aggressive pivot into Artificial Intelligence. The reductions are concentrated in corporate and go-to-market teams rather than frontline engineering, signaling a belief that software and automation can replace layers of coordination and support. I…

January’s job cuts did not just spike, they reset the scale. Employers announced 108,435 layoffs to start the year, the highest January total since the depths of the last financial crisis in 2009. The surge has cracked the comforting story that the labor market is unshakably strong, and it raises a sharper question than “Is…

Target is racing to reset its identity after a bruising stretch of culture-war boycotts, plunging sales and a leadership shake-up that ended Brian Cornell’s 11-year run as chief executive. The retailer is now carving hundreds of white-collar roles out of its headquarters and regional offices, even as it insists it is doubling down on stores…

Smithfield Foods is preparing to close a major dry sausage facility in Springfield, Massachusetts, a decision that will eliminate 190 jobs and shift production to other states. The move underscores how a highly consolidated meat industry is quietly redrawing its map of where food is made, concentrating processing in the Midwest while coastal communities absorb…

Workday stunned investors and employees by announcing that chief executive Carl Eschenbach is out just days after the company cut 400 jobs in a sweeping restructuring. Co-founder Aneel Bhusri is stepping back into the top job, a rapid reversal that underscores how sharply the enterprise software maker is trying to reset after a bruising year…

Eddie Bauer is back in bankruptcy court and this time its store network is on the auction block. The operator of roughly 180 locations across the United States and Canada is moving quickly to liquidate inventory and solicit buyers, turning a once dominant outdoor name into the latest test of whether legacy retail brands can…

PricewaterhouseCoopers is quietly reshaping what “flexibility” looks like for its youngest consultants, sharply narrowing the list of cities where they can actually base their careers. After years of selling a choose-your-own-adventure office model, the firm is now steering new hires into a small cluster of hubs and away from dozens of smaller markets. The shift…

Workday’s decision to cut about 400 jobs, roughly 2% of its staff, lands at a sensitive moment for cloud software, when investors are suddenly questioning whether years of easy growth can continue. The company is trimming primarily in customer support and related operations, even as it talks up artificial intelligence and new products as its…