Page 6 - Workforce Reduction News Today

Galera Therapeutics, Inc. announced on August 9, 2023, the Board of Directors of the company approved a reduction in the companys current workforce by 22 employees, or approximately 70% of the... -Today at 08:01 am- MarketScreener

Astra has cut its employment by almost 25%, this action must be understood in the context of the organization's larger business strategy. This reduction, which largely affected 70 personnel supporting launch, SG&A, and shared services tasks, highlights Astra's dedication to making the most of its resources.

The Reliance-backed company, which is grappling with a cash shortage, sent an email to some employees and informed them that salaries will be delayed till September. 

TACOMA, Wash.- MultiCare Health System has announced it will lay off 229 employees across the Puget Sound, Inland Northwest and Yakima regions.

Recently, the US-based marketing technology business ZoomInfo announced that it would be letting go of about 3% of its global personnel.

This was announced during a meeting with the employees, led by CEO Eliah Seton. After conducting previous layoffs last year, SoundCloud will be cutting off about 8% of its workforce to seek profitability in the company.

Several other brands including social media giants Meta, and other tech giants Microsoft and Alphabet also laid off a large part of their workforce in recent times.

Following Amazon, Google, and Meta, telecom operator Vodafone cut 11,000 positions when CEO Margherita Della Valle acknowledged the companys performance was inadequate.

Dropbox CEO Blames AI for Massive Layoffs as 500 Employees Get the Boot, Technology & Science News, Times Now

Alphabet, the parent company of Google, exceeded market expectations in Q1 with a net profit of $15 billion and nearly $70 billion in revenue. Despite laying off 12,000 staff, the search engine giant is regaining its footing and performing well in the technology sector.