layoffs
Advertising agency giant Omnicom’s $9 billion merger with fellow ad firm Interpublic Group officially got over the line last week. Now come the “synergies.”Omnicom CEO John Wren said in media interviews on Monday that the total number of acquisition-related layoffs is expected to reach 4,000, with the majority of jobs…
This as-told-to essay is based on a conversation with Eric Sim, 55, a former banker who became a published author, professional speaker, and career coach. The following has been edited for length and clarity. Business Insider has verified his education and employment history.Finding a job is really difficult these days,…
Tuesday brought 14,000 job cuts and fresh AI concerns. By Thursday, investors were cheering.Then, Monday’s announcement of a $38 billion deal between OpenAI and AWS eased concerns about Amazon’s biggest vulnerability.Wall Street is impressed — Amazon shares hit record highs on Friday and popped another 5% on Monday’s news.Still, questions…
Good morning! Moving to a new city is hard enough, let alone with a couple of young kids. But a stay-at-home mom told BI her children were the key to making friends in a Houston suburb. It’s the final story in a BI series that followed three people for a…
Amazon job cuts on Tuesday heavily impacted early to mid-level managers in the retail division, according to internal data obtained by Business Insider. Some employees are now worried Amazon Web Services could be next.More than 78% of the roles eliminated on Tuesday were held by managers assigned L5 to L7…
Amazon announced Tuesday that it plans to cut 14,000 corporate jobs as part of a broader effort to become leaner in an era shaped by AI.Employees in the US, Canada, and Europe have been receiving notifications about the cuts, according to internal Slack posts viewed by Business Insider.A notification to…
The mood was spirited at a waterfront railway yard in Oakland.On Wednesday morning, well over a hundred people had gathered inside the repurposed space to see what Rivian’s spinoff company ALSO had been stealthily cooking up for several years.The project turned out to be a $4,500 e-bike. The platform has…
Rivian plans to cut more than 600 roles, according to an internal memo shared with the company on Thursday that was viewed by Business Insider.The electric vehicle maker’s decision to lay off around 4.5% of its workforce of 15,000 comes as administrative changes loom over the EV industry.The reduction is…
Meta is laying off 600 employees in its Meta Superintelligence Labs division, a spokesperson confirmed. Meta’s chief AI officer, Alexandr Wang, shared a memo, which was seen by Business Insider, on Wednesday, announcing that the company cut jobs within the unit. “By reducing the size of our team, fewer conversations…
