The exercise is a part of cost-cutting to finance its transition to electric vehicles and other new technologies. The effect of an economic downturn has also affected their finances leading them to cut costs; the top of the list is letting go of employees. The plan will help Olive become profitable more quickly. Jan 2022 - Present. Insurance company Kemper Corporation confirmed Thursday it has laid off 339 employees, including 39 in Alabama, citing "the longer-term economic impacts of the pandemicprimarily significant . Nordstrom has reduced its workforce, including corporate operations, by 6,000 amid the economic decline of approximately 40% in sales. Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% of its workforce to reduce expenses in a declining market. of Employees to be Laid off: 40% of Employees. The layoffs will help the company to go on offense and invest more in profitable businesses. Software consultancy company Thoughtworks has laid off nearly 500 employees, or 4 percent of its global workforce, to cut costs amid global macroeconomic conditions. Goldman Sachs Will Reportedly Cut More Than 3,000 JobsAs Major Layoffs Next Insurance, a small business insurance provider, . PowerHome Solar has slashed half its workforce, discontinues NC installations in wake of Generac failures. Apogee Enterrises is expected to reduce the companys workforce by approximately 400 employees. Clear Capital, a real estate valuation technology company and firm, is laying off 27% of its staff months after freezing mass hiring. Pollen, a UK-based travel and entertainment technology company that brands itself as a tech-first company laid off a third of its workforce about 200 people. Metco Landscape has let go of 343 workers across five locations, as notified to the Colorado Department of Labor and Employment. QVC will terminate the employment of more than 1,900 employees who worked in their Rocky Mount warehouse. Lam Research Corp. No. Electric automaker Rivian is considering laying off around 5 percent of its 14,000 employees, or around 700 people.
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