#layoffs

#layoffs

Walgreens has announced that it will cut at least 628 jobs across two states, according to communications it sent to the states in question earlier this month. A Walgreens spokesperson confirmed the layoffs with Fast Company when reached for comment. News of the layoffs was first reported by Bloomberg. The job cuts include 469 positions in the company's home state of Illinois and 159 jobs in Texas, where the company is shuttering a distribution center.

The company filed a WARN notice with California officials on Feb. 12, citing "lack of new business and loss of capital funding" as reasons for potential layoffs. The document is just a warning - by law, businesses have to tell workers well in advance if they could be hit by a mass job cut - but it's a dire sign for the company. Harbinger's CEO, management team and more than 200 production workers are listed for the possible layoff.

Axonius has laid off approximately 40 employees, representing less than 4% of its global staff, with the majority of cuts in marketing and sales. Co-founder Dean Sysman has stepped down from his role as CEO to become executive chairman, with company president Joe Diamond appointed as interim CEO. The workforce adjustment aims to refine the company's organizational structure and improve operational efficiency as it prepares for a potential IPO.

To navigate this reality, we need to continue adapting and evolving. As a result, we will be closing Bluepoint Games in March. This decision was not made lightly. Bluepoint is an incredibly talented team and their technical expertise has delivered exceptional experiences for the PlayStation community. I want to thank everyone at Bluepoint for their creativity, craftsmanship, and commitment to quality. Where possible, we will work to find opportunities for some impacted employees within our global network of studios.

Gallo is aligning parts of our operations with our longterm business strategy to ensure we remain wellpositioned for future success, the company said in a statement emailed to this news organization. As part of this process, we made the difficult decision to reduce certain Wine Country operations. The layoffs are scheduled to occur on April 15, the WARN letters show. All affected employees are receiving personalized support, transition packages, and opportunities to explore other roles within Gallo, the company said.

White-collar workers are getting nervous, with good reason. Sure, 98 percent of college graduates who want a job still have one, and wages are ticking up. Sure, some companies that cite the labor-saving, efficiency-promoting effects of ChatGPT and Claude as they let employees go are just "AI washing" -talking about algorithms to distract from poor managerial decisions. But the labor market for office workers is beginning to shift.

In just one day earlier this month, owner Jeff Bezos and then-publisher and CEO Will Lewis took a sledgehammer to one of the most respected and legendary news outlets in history by laying off more than 300 journalists, accounting for, according to some reports, more than 40% of the staff. The sports and foreign desk were essentially gutted. So was the book department, photo desk and much of the metro department.

LinkedIn used to carry an unspoken rule: don't say anything that could make your employer uncomfortable. Even professionals who were known to push the boundaries were self-censored when it came to posting on the platform. The cost of speaking freely felt higher than the upside. Layoffs changed that equation. When career paths became less predictable, the downside risk of being visible collapses. People who had just lost jobs or watched their entire team disappear suddenly were no longer optimizing for internal perception and honest reflection.

The job reductions, which hit a variety of roles including software engineers and staffers who worked with creators, affected a low single-digit percentage of LTK's overall head count, which numbers over 550 employees, they said. "LTK recently completed a targeted organizational restructure to ensure we are aligned around the skills and priorities required for our next phase of growth," the spokesperson said. "This was not a broad-based layoff, but a strategic realignment focused on strengthening performance and positioning the business for long-term success."

On Wednesday, the government reported that U.S. employers added a surprisingly strong 130,000 jobs in January and the unemployment rate fell to a still-low 4.3% from 4.4%. However, government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. That reduced the number of jobs created last year to just 181,000, a third of the previously reported 584,000 and the weakest since the pandemic year of 2020.

The original The Long Dark was first released in its earliest form in 2014, following a successful Kickstarter the previous year. One of the rare examples of a truly purposeful early access development, the shiver-inducing first-person survival sim then released regular significant updates, each developing its core ideas in new and interesting directions, until its splendid 2017 final version. And all of them ensured you were always likely to be eaten by a wolf.

In the memo, the executives announced that the chain would be initiating more layoffs-this time cutting around 500 positions. However, the majority of the job cuts will not impact store-level retail workers. Instead, the memo says that about 400 jobs will be lost across its distribution and another 100 jobs will go across its store district level.

Scope3 makes second round of layoffs Scope3 has implemented another round of redundancies, its second in less than half a year, as the adtech firm continues to reshape its business around agentic media capabilities. The company, headed by programmatic advertising pioneer Brian O'Kelley, would not confirm the number of positions impacted but said it had made additional changes across its commercial and engineering functions in response to evolving market needs.

"As we expanded from PC to console, we saw consistent trends in how players were engaging with 2XKO," Cannon says in the post. "The game has resonated with a passionate core audience, but overall momentum hasn't reached the level needed to support a team of this size long term." The smaller team will "dig in and make key improvements to the game, including some of the things we've already heard you asking for."

Oracle's investments in AI may prove costly. Investment bank TD Cowen says the company hopes to reduce costs to finance its ambitious AI infrastructure build. To that end, it has already accumulated $58 billion in debt in two months. A round of layoffs affecting 30,000 employees is possible, while even a spin-off of Oracle Health, formerly Cerner, is being considered. Since September, Oracle has lost half of its market value, which currently stands at just under $400 billion.

Planned layoffs have now reached their highest rate since 2009's Great Recession. The data comes from Challenger, Gray & Christmas' new layoffs report, which revealed that U.S.-based employers announced 108,435 job cuts in January, marking the highest rate to start a year since 2009. Also notable, in the same month, just 5,306 planned hires were announced-the lowest total on record for January.

As companies bet big on AI's development-from Google saying it will double its capital expenditure to Meta's bet on an AI acceleration in 2026-Americans have soured on the technology. While most say they've used AI, more have grown wary: 50% say they're more concerned than excited about the technology, according to recent Pew research. That's up from 37% in 2021. And just 10% say they are more excited than wary about the technology.