![]() ![]() Ride-hailing firm Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, after it already cut 60 jobs earlier this year and froze hiring in September. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Johnson & Johnson said it may cut some jobs amid inflationary pressure and a strong dollar, with CFO Joseph Wolk saying the healthcare conglomerate is looking at "right sizing" itself. Microsoft Corp (NASDAQ: MSFT) laid off under 1,000 employees across several divisions this week, Axios reported, citing a source. The adjustments would start in the fourth quarter, Gelsinger said, but did not specify how many employees would be affected. The chipmaker said it would reduce costs by $3 billion in 2023. Intel Corp (NASDAQ: INTC)'s CEO Pat Gelsinger told Reuters "people actions" would be part of a cost-reduction plan. ![]() 3, as the Wall Street bank's dealmaking business takes a hit. Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, Reuters reported on Nov. The Facebook-parent plans to begin large-scale layoffs this week, in a move that will affect thousands of employees, the Wall Street Journal reported on Sunday. Here are some of the major job cuts announced in recent weeks: Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, a report said. (Reuters) - Corporate America is cutting thousands of jobs to rein in costs amid tightening monetary policy and growing fears of a recession. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close ![]()
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