Layoffs
Layoffs at major employers, tech job cuts, WARN notices and severance.
33 briefs
Thursday 22 October
- United States·Research
US weekly jobless claims fall to 194,000, near 57-year low
US initial jobless claims fell by 6,000 to a seasonally adjusted 194,000 in the week ended October 17, below economists' forecast of 200,000, the Labor Department reported. The reading is close to the 189,000 level seen in mid-July, the lowest since 1969, indicating continued labor market resilience and low layoffs.
Wednesday 21 October
- United States·News
Electronic Arts to lay off 400 employees
According to a Business Journals daily digest, video game company Electronic Arts announced plans to lay off 400 employees. The digest also noted OpenAI's acquisition of a San Francisco biotech startup, unrelated to HR.
- United States·People
Automattic begins layoffs amid board upheaval and executive exits
Automattic, parent of WordPress.com, Tumblr and WooCommerce, has begun layoffs over the past week affecting its communications, social, WordPress.com and VIP enterprise teams, with insiders warning more cuts may follow. The move comes after a failed September board attempt to oust CEO Matt Mullenweg, which triggered a full board turnover and departures of the CFO, interim CFO and chief legal officer.