workforce reduction
6 stories related to this topic, newest first.
zerohedge.comBolt CEO Fires HR Department and Reduces Workforce by 30 Percent
Ryan Breslow returned as CEO of Bolt in 2025 and eliminated the company's HR department. He replaced it with a smaller people-operations team and cut the workforce from thousands to about 100 employees.
finance.yahoo.comIntuit Cuts 3,000 Jobs, or 17 Percent of Workforce
Intuit eliminated about 3,000 full-time positions worldwide, representing 17 percent of its workforce. The company said the reductions target management and redundant roles while it focuses on AI development.
benzinga.comNetworking Company to Cut Less Than 5 Percent of Workforce
The company will reduce its headcount by less than 5 percent as it shifts resources toward high-growth areas. The move is intended to realign staff with priorities including artificial intelligence, silicon, optics and security. The Wall Street Journal first reported the planned…
bgr.inMeta Lays Off 10% of Workforce Starting May 20, 2026
Meta revealed it will cut about 10% of its workforce next month, confirming the plans in an internal memo after a leak. The announcement leaves employees in a period of uncertainty. HR experts offered insights on how workers might respond during the limbo.
retailtimes.co.ukNike Cuts 1,400 Roles Representing Less Than 2% of Workforce
Nike announced it is reducing its workforce by 1,400 roles, amounting to less than 2% of its total employees. The sporting-goods company stated the move aims to simplify global operations and support its turnaround plan. The reductions are part of efforts to streamline complexity…
Substrate placeholder — needs reviewSumisho Air Lease Corp Approves 40% Workforce Reduction Affecting 64 Employees
Sumisho Air Lease Corp has approved a plan to reduce its workforce by 40 percent, impacting 64 employees. The reductions are expected to conclude in the second and third quarters of 2026. The plan is detailed in a company filing with U.S. regulators.