Citigroup Announces 10% Workforce Cut in Major Corporate Overhaul
Citigroup, one of the largest financial institutions in the United States, has announced a significant corporate overhaul that includes cutting 10% of its workforce. The decision comes as part of CEO Jane Fraser’s efforts to improve the bank’s performance and…
NASA’s Mars Sample Return Program Faces Budget Overruns and Schedule Delays
NASA’s ambitious Mars Sample Return program, a collaborative effort with the European Space Agency (ESA), is facing significant challenges, with budget overruns and schedule delays threatening its success. The program, which aims to retrieve and analyze samples from the Red…
Discord Announces Layoffs Impacting 170 Employees
Discord, the popular messaging app, has announced that it is laying off 17 percent of its workforce, impacting 170 employees across various departments. The decision, communicated in an internal memo by CEO Jason Citron, aims to ‘sharpen our focus and…
Key Google AR Executive Paul Greco Leaves Company
Google has faced another setback in its augmented reality (AR) endeavors as another key executive, Paul Greco, has left the company. Greco, who was a vice president of engineering at Google and formerly the chief technology officer of Magic Leap,…
Twitch to Cut 35% of Workforce in Cost-Cutting Move
Amazon’s livestreaming platform Twitch is set to cut about 35% of its workforce, amounting to approximately 500 employees, as confirmed by Twitch CEO Dan Clancy in a blog post on Wednesday. The decision comes as a part of the company’s…
Startup Humane Faces Backlash After Layoffs Ahead of AI Pin Release
Humane, a secretive and highly valued startup, has made headlines after laying off 4 percent of its employees ahead of the release of its AI Pin. The company, which is set to begin shipping its first device in March, has…
Unity Announces 25% Workforce Reduction and 1,800 Job Cuts
Unity, the popular game engine maker, has announced an additional 25% reduction in its workforce, resulting in 1,800 job cuts. This comes on the heels of 1,300 layoffs since mid-2022, as the company aims to refocus on its core game…
St. Bernard Soap Company Faces Imminent Closure and Layoffs
CINCINNATI — The St. Bernard Soap Company is facing another round of layoffs, with the announcement of the plant’s imminent closure less than a month after it laid off around half of its employees in December. The vice president of…
Xerox Announces 15% Workforce Reduction in Restructuring Effort
Xerox, a global leader in digital printing and document management technologies, has announced plans to reduce its workforce by 15% as part of a strategic restructuring effort. The company, which had approximately 20,500 employees as of December 31, 2022, disclosed…