Category: Layoffs and Closures

Target is trying to convince Wall Street it can steady the ship by freezing top pay while cutting hundreds of jobs. The company’s longtime chief executive Brian Cornell kept a flat base salary in the latest proxy disclosures, even as comparable sales slipped and boycotts weighed on the brand. He is set to step aside…

Amazon, UPS, Meta, Nike, Citi, Pinterest and Dow have all announced job cuts, slashing thousands of roles just as investors debate whether a 2026 market crash is looming. At the same time, official data still shows overall job growth, leaving workers and savers trying to decode which signal matters more. A split story is emerging:…

Chegg’s latest leadership shake-up underscores how sharply executive fortunes can diverge from worker realities. A Bay Area tech chief is set to depart with a $3.5 million package even as the company trims staff and tightens budgets. The gap between a CEO’s negotiated exit and the uncertainty facing laid-off employees has become a defining fault…

Heineken chief executive Dolf van den Brink is preparing to cut up to 6,000 jobs worldwide after warning that people are drinking less beer and that demand is slowing in key markets. The Dutch brewer, which owns brands from its green-bottled flagship lager to Strongbow cider and Birra Moretti, is launching a sweeping cost-saving plan…

Elon Musk’s artificial intelligence company xAI is undergoing a major internal reset, and the fallout is already visible. Musk has changed the firm’s leadership and reorganized teams, moves he links to ambitious plans for space-based data centres and a push for faster execution. The same shakeup, he has now acknowledged, triggered surprise layoffs, raising questions…

For shoppers across the Southeast, the disappearance of Harveys Supermarket is not coming with liquidation banners or teary farewell ads. Instead, the 113-year-old grocery name is fading out through a series of quiet store shutdowns and a corporate rebrand that signals a deeper shift in how Americans buy food. The low-key exit captures a broader…

In Golden, Colorado, the federal energy lab long known for pioneering wind and solar research has just cut 134 jobs, the second major round of layoffs in less than a year. The National Laboratory of the Rockies, formerly the National Renewable Energy Laboratory, is shedding staff at the very moment clean energy competition is intensifying…

Jeff Bezos is facing a backlash that fuses outrage over newsroom cuts with disgust at big-budget political entertainment. As The Washington Post prepares to shed roughly a third of its staff, critics are zeroing in on the timing of a lavish documentary about First Lady Melania Trump that carries a reported price tag in the…

Amazon’s latest restructuring has carved deep into its own people business, eliminating thousands of human resources roles just as the company leans harder into automation and artificial intelligence. The cuts arrive on top of a rapid-fire sequence of job reductions across corporate units, turning the group that hires, supports, and disciplines staff into one of…

Western labor markets are being jolted out of their post-pandemic complacency as a wave of mass layoffs sweeps through major employers. After years of talk about worker shortages and a “no-hire, no-fire” equilibrium, companies are now cutting tens of thousands of jobs, even as headline unemployment rates remain historically low. The result is a jarring…