United Structures of America, a Houston-based metal fabrication and engineering company, will shut down operations due to steel tariffs, a…
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Google’s AI Contractors Built Gemini and Got Laid Off for Trying to Unionize
Hundreds of Google AI contractors employed through outsourcing firm GlobalLogic were laid off amid growing labor unrest. The workers —…
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Laurentian Bank Bets on Canada’s Middle Class to Claw Back From $117.5 Million Loss
Laurentian Bank of Canada unveiled a new strategic plan on May 31, 2024, aimed at making the Montreal-based institution "stronger,…
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Ubisoft Shuts Down Newly Unionized Studio Days After Workers Vote to Organize, Leaving 71 Jobs Gone
Ubisoft has shut down its Halifax studio just days after workers publicly announced they had unionized, affecting 71 employees. The…
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Fraud Bosses Indicted After $2.7 Billion Ponzi Scheme Triggers Mass Layoffs and $9 Billion Bankruptcy Collapse
Two Cardone Industries facilities in Cameron and Tarrant counties, Texas, permanently closed January 26, leaving 129 workers jobless. The shutdowns…
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Ibex Global Promised San Antonio 1,000 Jobs in 2014. Now It’s Closing Its Call Center and Sending Operations Offshore.
Ibex Global Solutions Inc. is shutting down its San Antonio call center at 12449 Silicon Drive in June, displacing 227…
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Lucid Group Axes 18% of Workforce and Kills Second Production Shift as Stock Craters 55%
Lucid Group (LCID) announced a major restructuring, cutting approximately 18% of its U.S. workforce and eliminating the second production shift…
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Tala Cuts Up to 100 Kenyan Jobs in Global Restructuring as Digital Lender Centralises Operations
Digital lender Tala is cutting up to 10 percent of its Kenyan workforce — approximately 90 to 100 employees —…
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Oracle Cut 21,000 Jobs in One Year to Fund Its AI Expansion and Now Warns the Strategy Could Backfire
Oracle eliminated approximately 21,000 jobs globally over the past year, its annual report reveals, reducing its workforce from 162,000 to…
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Ethereum Foundation Slashes 40% of Budget and Cuts 54 Jobs as Vitalik Buterin Bets on Leaner Future
The Ethereum Foundation will slash its budget by 40% and cut 54 jobs, approximately one-fifth of its workforce, co-founder Vitalik…
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