![]() Dutch technology giant Philips is cutting about 4,000 jobs - 5% of its global workforce - after five consecutive quarters of declining sales.Mental health startup Cerebral laid off 20% of its staff in a major restructuring.Cybersecurity startup Snyk cut 14% of its workforce, about 200 jobs.Database management giant Oracle is "quietly" letting go of employees for the second time since August, according to Business Insider.Real-estate platform Zillow cut 300 jobs in its second round of layoffs this year.Autonomous vehicle startup Argo AI is shutting down operations, impacting roughly 2,000 workers.Swiss banking giant Credit Suisse is planning to cut about 9,000 positions over the next three years, after reporting a $4 billion net loss in the third quarter, according to The Wall Street Journal.Mindbody, a Central Coast-based software company, is cutting jobs for the second time in two years.Nebraska-based e-commerce platform Spreetail has laid off an unspecified number of workers for at least the second time since August, according to one LinkedIn member. ![]() Tips for navigating your career can be found here.įirms that have announced layoffs in October:.workers are concerned their company is planning budget cuts or layoffs. All the news isn't grim, however: A LinkedIn Workforce Confidence survey shows only 31% of U.S.Cost-cutting has become common, too Meta, Google, Walmart and FedEx are just a few of the big names to announce streamlining moves. Cuts by tech companies - Crunchbase News says 42,000 tech workers were laid off through mid-September - have hogged the headlines, but no sector has gone unaffected. workers, thanks primarily to the shadow of a potential recession. Layoffs have been at the forefront of a turbulent 2022 for U.S. ![]()
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