2023 Layoffs: Boeing Will Cut 2,000 Jobs

February 6jet maker boeing Confirmed Plan of To Cutting About 2,000 jobs this year in finance and human resources, although the firm said it would increase its total workforce by 10,000 employees “with a focus on engineering and manufacturing”.

February 6texas-headquarters dell technologieswho owns PC-maker Dell, allegedly cited “uncertain” market conditions in its decision to move beyond earlier cost-cutting measures, while analysts noted crash In demand for personal computer products — which make up most of Dell’s sales — following a pandemic.

February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech company’s workforce by 5% (about 300 positions) at the Securities and Exchange Commission Admission on Thursday, citing a period of over-hiring over the past several years that did not account for “the macroeconomic reality we are in today.”

February 1stNetAppa San Jose, California-based cloud data company, announced plans in a SEC filing laying off 8% of its workforce (estimated to impact 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of broader economic challenges and a lower spending environment.”

February 1stBoston based online sports betting company draft kings Too said it plans to cut 3.5% of its global workforce, with the cost-cutting move expected to affect around 140 employees, Boston Globe informed of.

February 1stFedEx, announced It will reduce 10% of its officer and director team and “consolidate certain teams and functions” — four months after the delivery giant revealed plans for a hiring freeze and that it will close 90 FedEx office locations — in a move CEO Raj Subramaniam said was necessary to make the company a “more efficient” and “agile organization” (according to PitchBook, FedEx employs approximately 547,000 people).

February 1stelectric vehicle manufacturer Rivian Automotive Will cut 6% of its workforce, CEO RJ Scaring said in an email seen by employees reutersThat comes just six months after the company laid off 5% of its roughly 14,000 employees (Rivian did not immediately respond to inquiries for more information forbes,

31 JanuaryIn a statement on Tuesday, the online payment company paypal announced CEO Dan Schulman said it would cut 7% of its global workforce (2,000 full-time positions) amid a “competitive landscape” and a “challenging macro-economic environment”.

31 Januarypublication giant Harper announced that it would lay off 5% of its staff in the US and Canada as the publisher grapples with declining sales and “unprecedented supply chain and inflationary pressures”; HarperCollins is estimated to have approximately 4,000 employees worldwide, of whom more than half work in the US. associated Press informed of.

31 JanuaryhubspotA Cambridge, Massachusetts-based software company, said it will cut 7% of its workforce through the end of the first quarter of 2023, according to a Securities and Exchange Commission filing. AdmissionWith CEO Yamini Rangan, as part of a restructuring plan staff is saying This follows a “downward trend” after the company “bloomed” in the COVID-19 pandemic, with HubSpot facing a “sharper than expected downturn”.

30 JanuaryPHILIPS Said Dutch electronics and medical equipment maker announced it will cut 3,000 jobs worldwide in 2023 and a total of 6,000 by 2025 $1.7 billion In losses for 2022, CEO Roy Jacobs said the company would now focus on “strengthening our patient safety and quality management.”

26 Januaryhasbro Said CEO Chris Cox said it would cut its global workforce by 15% this year (affecting about 1,000 full-time employees), as the toymaker’s revenue fell 17% compared to last year amid “a challenging holiday consumer environment.” Against the background of” statement.

26 JanuaryMichigan-based chemical company Dow announced As CEO Jim Fiterling said the company navigates “macro uncertainties and challenging energy markets, particularly in Europe,” it will cut 2,000 positions globally in a cost-cutting plan aimed at saving $1 billion. Will do

26 Januarysoftware company IBM According to CFO James Kavanaugh, it announced that it would cut 1.5% of its global workforce, affecting approximately 3,900 employees. Multiple shops report, as the company Hope $10.5 billion in free cash flow in fiscal year 2023.

26 JanuarySAPsaid it would lay off 3,000 employees — about 2.5% of its global workforce — announcing it in its earnings call Fourth Quarter 2022 Results on Thursday, but did not specify where those cuts would be made. The German enterprise software firm – which has its US headquarters in Pennsylvania – said the layoffs were part of an effort to cut costs and focus on its core cloud computing business.

25 Januarygrouponin one SEC filingThe global workforce will be reduced by 500 employees, in its second major round of cuts in recent months, after the e-commerce company cut another 500 positions last August, the company said.

25 JanuarywakasaThe Portland, Oregon-based vacation rental management company announced it will reduce 1,300 positions (17% of its workforce) at the SEC. Admission Three months after it announced it would cut a further 6% of its workforce as it moves to reduce costs and “focus on being a profitable company”.

24 January3mThe maker of Post-It notes and Scotch tape announced it would cut about 2,500 global manufacturing positions in a month. financial reportsMike Roman, as chairman and chief executive officer, said the company expects “macroeconomic challenges to persist into 2023.”

24 Januarycryptocurrency exchange Gemini is planning to cut 10% of its workforce, according to an internal memo seen by cnbc And Informationwith truncation estimated Its latest round of cuts comes after it cut 7% of its workforce last July and 10% last May — affecting 100 of its roughly 1,000 employees.

23 JanuarySpotify will lay off 6% of its workforce (based on approximately 600 employees) 9,800 were full-time employees as of a Sept. 30 filing) and the firm’s shares rose more than 5% in early trading as investors largely digested the tech layoffs as positive news for bottom lines, while the company’s core Content officer Dawn Ostroff will leave the company as part of the restructuring.

20 JanuaryGoogle Parents Alphabet CEO Sundar Pichai plans to cut around 12,000 jobs worldwide SaidCiting the need to make “hard choices” to “fully capture” the huge opportunities that lie ahead.

20 JanuaryBoston based furniture e-commerce company wayfair announced It will cut 10% of its global workforce (1,750 employees), including 1,200 corporate positions, amid lower sales to “eliminate management layers and reorganize to be more agile” — the company said after the decision to cut. latest round of job cuts 870 employees last August.

19 Januarycapital a Cut 1,100 technology positions, said a source familiar with the matter Bloomberg—Capital One did not confirm the number of positions that would be cut, although a spokeswoman said forbes Affected employees were told they could apply for other roles in the company.

19 Januarystudent loan servicer nailnet announced It will let go of 350 associates hired in the last six months, while another 210 will be removed for “performance reasons”. insider President Joe Biden’s student loan forgiveness program continues to be cut after facing legal challenges from conservative groups opposed to the measure.

18 JanuaryMicrosoft‘S deductionWhich affects 10,000 employees (less than 5% of its workforce), comes three months after the Washington-based company conducted another round of layoffs affecting less than 1% of its 180,000 employees, CEO Satya Nadella said in a message to employees that some employees would be notified starting Wednesday, and the layoffs would be done by the end of the third fiscal quarter in September.

18 JanuaryAmazonOne of the country’s largest companies had outlined plans to eliminate more than 18,000 positions (including the jobs it cut in November) from January 18. message to employees From CEO Andy Jassy earlier this month, who said the company faces an “uncertain economy” after hiring “rapidly” over the past few years.

18 JanuaryTeladoc Health The company announced it would cut 6% of its workforce as part of a restructuring plan—not including physicians. financial reports on Wednesday, as the New York-based telemedicine company seeks to reduce its operating costs amid a “challenging economic environment.”

13 Januarylending club announced that it would lay off 225 employees (about 14% of the workforce) in an SEC Admissionamid a “challenging economic environment” as the San Francisco-based company attempts to “align its operations to lower market revenue” following seven rounds of interest rate hikes by the Federal Reserve last year and fears of a possible recession The worry remained.

13 Januarycrypto.com Chris Marshall CEO announced The company, which had more than 2,500 employees as of October, will cut 20% of its workforce in a message to employees, according to PitchBook, as the company faces “ongoing economic adversity and unexpected industry events — including Sam.” Including the collapse of Bankman-owned cryptocurrency exchange FTX late last year, which “significantly damaged confidence in the industry.”

12 JanuaryDirecTVThe cuts could affect hundreds of employees, mainly managers,…