Charles Schwab is cutting jobs and reducing its San Francisco office presence to save at least $500 million annually. The…
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Genetic testing firm Invitae slashes 238 San Francisco jobs amid $1.3 billion loss
Invitae is cutting 238 San Francisco jobs, a 15% staff reduction, as the genetic testing company confronts severe financial distress.…
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Fisker’s $2.9 Billion EV Dream Files Bankruptcy Owing $500 Million
Fisker filed for Chapter 11 bankruptcy Monday, ending a dramatic collapse for the electric vehicle startup once valued at $2.9…
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Lucid slashes 1,600 jobs and kills second Arizona production shift
Lucid Motors is cutting 1,600 jobs, about 18% of its U.S. workforce, affecting manufacturing, engineering, and salaried positions. The layoffs,…
Read MoreVolkswagen to Axe 100,000 Jobs While Microsoft and Meta Slash Thousands
Corporate downsizing accelerated in mid-2026 as Rapid7 announced a 12% workforce reduction on August 11. Layoffs spanned aviation, retail, and…
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66 Workers Face Permanent Layoffs as Wine Industry Turmoil Hits Modesto
A Modesto packaging and logistics firm with deep ties to the Gallo wine empire will eliminate 66 permanent positions before…
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Car-sharing giant Turo slashes 15% of workforce after IPO retreat
Turo is cutting nearly one in six employees after abandoning its public debut plans, a sign that even major sharing…
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FedEx’s $2 Billion Overhaul Axes 116 Jobs Across Victorville, Palm Springs
A $2b operational reset is cutting over a hundred jobs in California's logistics hubs. The restructuring hits Victorville and Palm…
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Amazon slashes 16,000 positions as tech industry layoffs accelerate
Amazon quietly removed thousands of corporate roles this month, with layoffs now spreading well beyond the usual cost cutting cycles.…
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Thomson Reuters slashes 500 engineering roles while chasing AI-driven efficiencies
Thomson Reuters is cutting roughly 500 engineering positions even as it reorients its entire product strategy around artificial intelligence. The…
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