Invitae is cutting 238 San Francisco jobs, a 15% staff reduction, as the genetic testing company confronts severe financial distress.…
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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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$16B Okta slashes 180 jobs despite posting its first-ever profits
Okta just recorded its first profitable year in company history, yet it is still cutting 180 employees from its workforce…
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Smartphone Slump Forces Qualcomm to Ax 1,250 Workers Including Senior Executives
Qualcomm is shedding 1,250 jobs, and this time the cuts are climbing all the way into the executive ranks. The…
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Biotech Firm Once Valued at $3 Billion Slashes 30% of Workforce to Stay Afloat
A biotech unicorn is eliminating nearly a third of its staff just to keep the lights on. The layoffs signal…
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Europe Pours $11.4 Billion Into Seven AI Gigafactories to Slash U.S. Reliance
Europe is betting the farm on homegrown computing muscle with a massive push to build its own fleet of AI…
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Google Slashes Hundreds of Jobs and Shuts Its Child Care Center
Google just laid off hundreds of employees and permanently closed its on-site child care facility for Bay Area workers. The…
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Genentech parent company boasts $16 billion profit as 143 Bay Area jobs vanish
Swiss pharmaceutical giant Roche is sitting on $16 billion in earnings while quietly erasing 143 positions from its Genentech campus…
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$1.2B Biotech Giant Slashes 40% of Workforce as Cash Dwindles
A single biotech firm once valued north of a billion dollars is cutting nearly half its staff in a scramble…
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Once a $700 Million ‘Uber of Weed,’ Eaze Collapses and Lays Off 500
A California weed delivery pioneer once valued at $700 million shut down completely this week and terminated its entire workforce…
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