Layoff (in British and American English), also called redundancy in the UK, is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees for business reasons, such as when certain positions are no longer necessary or when a business slow-down occurs. Originally the term layoff referred exclusively to a temporary interruption in work, as when factory work cyclically falls off.
All stories in Layoff
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After Airbnb, Uber lays off 14% of its workforce — nearly 3,700 employees
The coronavirus pandemic has taken a toll on the gig economy as Uber announces it will lay off 14% of its workforce — or ...
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Airbnb lays off 25% of workforce as coronavirus cripples its business
The coronavirus pandemic has landed a crushing blow on Airbnb as CEO Brian Chesky revealed the company is parting ways with ...
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Uber’s longest-serving exec quits, while coronavirus threatens 5,000 jobs
More than 5,400 jobs could be at risk as Uber's management looks to cut costs. This would represent a loss of about one fifth ...
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Ride-share companies hit again as Lyft lays off 900 employees, furloughs hundreds more
Ride-sharing service Lyft has said that it will be making 988 staff members redundant, and a further 288 will be furloughed. ...
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Report: Coronavirus may lead to 'mass extinction' of tech startups worldwide
COVID-19 will have devastating effect on startups, causing a drop in VC funding, killing many businesses, and making government ...
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WeWork can be salvaged — but its turnaround plan isn’t enough
WeWork has many tough choices ahead about whether the company will die by a thousand cuts, or will take several big, nasty, ...
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Bitmain’s former co-CEO speaks out against proposed layoffs
The co-founder and former co-CEO of cryptocurrency mining hardware manufacturer Bitmain has spoken out against the company's ...
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Sirin Labs cuts 25% of its workforce as CEO faces $50M lawsuit
One quarter of Sirin Lab's staff have been let go, while the firm maintains it is paying its employees in full, despite the ...
