Businesses

Barclays is a well-known multinational bank. Recently, it has come under the spotlight due to its substantial staff layoffs. Barclays eliminated jobs in its UK retail and trading divisions. This move is part of its annual performance improvement efforts. This is a common practice across many companies.  Barclays Bank confirmed in January 2024 that it

Trellix has laid off an unspecified number of employees, including at least two high-level executives. This includes chief revenue officer Adam Philpott, who has departed the company. After the security companies McAfee Enterprise and FireEye merged, the extended detection and response (XDR) business Trellix was born. “Living security,” or security technology, learns and adjusts to

Is Tellurian Going Out Of Business? Tellurian Inc. faced a setback when it withdrew a $1 billion high-yield bond sale. This move has cast uncertainty over the future of its U.S. natural gas export project. Remarkably, as of the end of the third quarter, the company held $210.8 million in cash and carried no debt.

Centene Layoffs – Centene Corporation, a major US health insurer, revealed plans to cut 3,000 workers and 1,500 open roles in 2021. On February 9, 2021, Centene president and CEO Michael Neidorff made the reorganization announcement. It happened during the health insurer’s conference call to discuss its 2020 performance. The job cuts, according to Neidorff,

Citrix Layoffs – In 2023, the cloud software provider Citrix had let go of thousands of workers. After its merger with TIBCO, its sister company, there were layoffs. The commercial sales team and a few channel-facing employees were affected by the layoffs. The layoffs, according to one unnamed source, were the biggest ever at the

Teradata Layoffs – Employee fear has been exacerbated by a lack of clarity over the future of some companies’ employee initiatives. Employees at Teradata Corp. and a few other businesses are uncertain in 2023 as a result of rumors of upcoming layoffs. Teradata Corp. terminated its employees in 2019 and 2020, according to historical data.