#mass-layoffs

#mass-layoffs

The US state department plans to move forward with mass layoffs, affecting nearly 15% of its domestic staff, as part of a significant restructuring initiative.

The Ontario Public Service Employees Union reports mass layoffs and more than 600 program cuts in Ontario colleges due to a funding crisis and declining enrolment.

Bumble plans to lay off about one-third of its workforce, totaling approximately 240 employees, aiming for a savings of about $40 million.

The WARN Act was specifically written for cities like Mountain View, cities with single employers that employ a large portion of the local workforce.

A union-backed demonstration is planned for outside the Capitol on Tuesday, February 11, following a federal government memo encouraging workers to resign.

Jack Dorsey emphasized that Tidal must operate 'like a startup again,' indicating a strategic shift towards a leaner team structure. He stated, 'We're going to lead with engineering and design, and remove the product management and product marketing functions entirely.' This move reflects a significant restructuring aimed at improving efficiency and creativity within the organization, suggesting that Tidal's previous model was no longer viable in a competitive streaming market.