The famous U.S. department store group Macy's is going through a big change in how it runs its business. The business has said it will let go of 2,350 workers, which is about 3.5% of its total staff.
Since January 10, 2024, Google has fired more than a thousand workers in a variety of areas. CEO Sundar Pichai has said that more layoffs are likely. In a private letter, Pichai stressed the company’s intention.
BlackRock, the biggest asset manager in the world, said it was laying off about 600 workers, which is about 3% of its total staff around the world. This choice is part of a larger trend in the money business.
Wayfair, an online store that sells home goods, recently said that it would be letting go of about 1,650 workers three weeks into January 2024. That's about 13% of its total workers around the world.
A big media company called Paramount Global recently said that it was letting go of about 800 workers. This move comes as a surprise after the company said that the Super Bowl had record-high numbers.
A government file and an internal letter show that Unity Software, a well-known company that makes software for video games, plans to lay off about 25% of its staff, or about 1,800 people.
Around the middle of January 2024, TikTok, a social media site known for its short videos, announced that it would be letting go of 60 workers. People who work in sales and promotion will be most affected by this move.
Vroom is an online market for used cars that recently made a big change to how it does business. The company stated that it will no longer be selling things online and will no longer be selling used cars.