Businesses

Is Cybereason Laying Off Employees? In April 2023, Cybereason had to make tough decisions as it conducted two significant layoffs. These layoffs led to over 300 employees leaving the company. Despite these cuts, they still have around 1,000 employees. These layoffs were primarily aimed at streamlining the company’s expenses. It was refocusing on core products […]

Follett Corporation is known for providing educational products to schools and public libraries. Follett is based in Westchester, Illinois. Recently, the firm has yet to announce layoffs. Notably, the last layoffs reported at Follett date back to 2013. At that time, its division, Follett Higher Education Group, had to inform nearly 10% of its 6,000

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’ CEO, Venkat, stated that they regularly adjust

Is Sonos Laying Off Employees? Sonos is a prominent player in the audio technology industry. It has announced employee layoffs recently to reduce its operating costs. As reported in a filing to the SEC, Sonos laid off around 7% of its workforce. At last count in October 2022, Sonos had 1,844 employees, so it’s estimated

PTC Therapeutics is reducing its employees even further. The layoffs are carried out to achieve a 20% decrease in annualized operational expenses. On September 28, 2023, the biopharmaceutical business announced that approximately 25% of its staff had been let go. This layoff is primarily for those working on early-stage research projects and at the Hopewell,

Is Barney Going Out Of Business? Yes, In 2020, Barneys New York has gone out of business. This iconic department store was founded in 1923. It has closed its doors on February 22, 2020. Authentic Brands Group and B. Riley acquired the company for $271.4 million. In 2023, Barneys New York is no longer a

As 2022 came to a close. A wave of layoffs hit many major US companies, and this trend shows no signs of slowing down in 2023. Like other US companies, Zebra Technologies is also significantly reducing the workforce in 2023.  The company announced to lay off around 700 employees. This amounts to over 7% of

Is Agilent Laying Off Employees? In March 2023, Reports confirmed that Agilent Technologies, a company based in Santa Clara, announced that it would not lay off employees. Agilent’s CEO, Mike McMullen, has committed to avoiding layoffs this year. This assurance comes as a reassuring beacon for the company’s employees. In 2022, Agilent’s shares have shown