As the housing market continues to be greatly impacted by the coronavirus pandemic, one of the nation’s largest real estate technology firms, Redfin, is dealing with the fallout. The Seattle-based technology firm, which is best known for its real estate search capabilities and other services offered to clients, has recently announced additional layoffs as the… Continue reading Redfin is laying off more workers as housing downturn persists
Tag: laying
Lucid’s laying off 18 percent of its workers
On Thursday, Lucid Motors, a California based electric vehicle maker, announced that it will be laying off 18 percent of its workforce of approximately 2,000 employees as part of a restructuring effort. This decision follows a period of rapid growth for Lucid as the company attempts to become a major player in the EV space.… Continue reading Lucid’s laying off 18 percent of its workers
Amazon is laying off another 9,000 workers
In a shocking announcement earlier this week, Amazon has announced plans to lay off 9,000 of its employees. The layoffs come as the company faces a number of headwinds and internal struggles with regards to operations and strategy. The 9,000 positions cut represent approximately 1% of Amazon’s total workforce, and are expected to impact employees… Continue reading Amazon is laying off another 9,000 workers
Disney’s laying off 7,000 as streaming boom comes to an end
On April 7th, Disney announced that it would shortly begin a layoff process of 7,000 employees across its parks, experiences and products division, which is a stark reminder of how severely the coronavirus pandemic has damaged the entertainment sector. The announcement comes just as the streaming boom from 2020 seems to be at an end.… Continue reading Disney’s laying off 7,000 as streaming boom comes to an end