Layoffs

Winklevosses’ Gemini to cut jobs, scale down in crypto retreat

The twins have donated millions of US dollars to causes supporting US President Donald Trump and the Republican party

The slide in vacancies indicates companies continue to be selective about their hiring tempo as they assess the size of their labour forces and economic activity.

US job openings drop to lowest since 2020, layoffs edge up

Available positions decrease to 6.54 million from a downwardly revised 6.93 million reading in November

UPS said last month it would eliminate up to 30,000 jobs and shut another 24 facilities in 2026 as it reduces deliveries for Amazon.com.

UPS, Amazon fuel US planned layoffs in January, Challenger survey shows

Announced layoffs are 118% higher compared with January 2025

The Washington Post had offered voluntary separation packages to employees across all functions in 2023 amid losses of US$100 million.

Washington Post begins widespread layoffs, sharply shrinking storied newspaper’s reach

The cuts come days after the newspaper scaled back its coverage of the 2026 Winter Olympics

Boeing has been hiring as it integrates newly acquired Spirit AeroSystems Holdings, steps up commercial jet production and begins work on the stealthy B-47 fighter jet for the Pentagon.

Boeing to cut around 300 defence division supply chain jobs

The workforce reduction comes at a time when companies are paring jobs and closely monitoring headcount

Peloton has been stuck in a long sales slump since pandemic lockdowns ended and people emerged from their homes to resume exercising outdoors and in gyms.

Peloton cuts 11% of jobs, with engineering teams getting hit

The fitness technology company joins a slew of other tech companies that have recently slashed their workforces

Amazon has also been investing in robotics at its warehouses to speed up packaging and deliveries for its e-commerce segment.

Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push

The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics

The cuts give some insight into how BlackRock has been reshaping its private credit business since closing the HPS deal in July.

BlackRock cuts private credit executives hired pre-HPS deal

The asset manager is reducing its workforce by about 250 globally

Pinterest is the latest tech company to re-orient its business to try and capitalise on the rise of AI products.

Pinterest to cut ‘less than 15%’ of staff amid AI push

The company expects to complete the restructuring plan near the end of its third quarter, ending Sep 30, 2026

Nike reported a drop in gross margins for the second consecutive quarter in December, as poor sales in China and efforts to reset its product mix continued to vex it.

Nike slashes 775 jobs in US to speed up automation, boost profit

The sportswear brand has undergone several rounds of layoffs in recent years