KPMG is laying off 5 percent of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday. The firm had over 39,000 employees in the United States at the end of its last fiscal year on Sept. 30. KPMG,…

Drugmaker Amgen Inc. said on Monday that it let go about 300 U.S. employees or about 1.2 percent of its total workforce, citing recent organizational changes to its commercial team. The company had about 24,200 staff members in over 50 countries, as of December 31, 2021, according to its latest annual regulatory filing with the…

Salesforce Inc. plans to cut its workforce by 10 percent and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending its shares up 5 percent. The cloud-based software company said on Wednesday it expects between $1.4 billion and $2.1 billion…

Whether or not you expect it, a layoff is traumatizing. Through no fault of your own, one minute you’re employed—and the next minute you’re signing up for unemployment. Besides the emotional devastation, there’s the financial hit you’re about to take. How do you deal with a layoff? Here are 10 things you can do to…

Billionaire George Soros is the biggest midterm political donor so far. He’s given over $100 million to help the Democrats. Mass layoffs are hitting the tech sector. Which companies are putting hiring on hold and cutting down their workforce? President Joe Biden says jobs are looking good, as big names of both parties hit the…

Ride-sharing company Lyft is laying off 13 percent of its staff, or about 700 employees, excluding drivers, as part of cost-cutting measures amid decades-high inflation in the U.S. economy where the company operates primarily. “We are not immune to the realities of inflation and a slowing economy,” said Lyft co-founders Logan Green and John Zimmer…

As signs mount of an economic slowdown in America, half of U.S. companies are planning to cut jobs, even as business leaders fret about difficulties hiring and retaining talent, according to PricewaterhouseCoopers (PwC). While PwC’s most recent Pulse Survey shows business leaders saying that acquiring and retaining talent remains a serious risk, they’re also streamlining headcount….

Twitter Inc. is not looking at company-wide layoffs but could likely continue to restructure the business, the social media company said in a filing on Wednesday. The filing comes a day after Twitter sued Tesla Inc. Chief Executive Elon Musk for violating his $44 billion deal to buy the company and asked a Delaware court…

Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…

Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…