Tag: cut

  • Unity Software to Cut 25% of Its Work Force

    The videogame software provider Unity Software said on Monday that it would cut its work force by 25 percent, or roughly 1,800 jobs, in one of the first major tech industry layoffs this year. In a securities filing, Unity said the cuts would allow it to restructure and refocus “on its core business, and to…

  • Xerox to Cut Workforce 15% and Overhaul Operating Model

    Updated Jan. 3, 2024 1:42 pm ET Xerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model. The printer maker said Wednesday that it had formed a global business-services unit as it aims to stabilize its core print business. Xerox also plans to…

  • Elon Musk’s X gets another valuation cut from Fidelity

    Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter, Axios reported on Sunday. Fidelity believes that X is worth 71.5% less than at the time of purchase, the report added, citing a…

  • The spreadsheet revealing who got cut at Spotify

    Well, it’s been a messy, messy week. Today, I have a look at the departure of Spotify CFO Paul Vogel, who (as first reported by Podnews) sold millions worth of stock on Tuesday. Plus, other key Spotify layoffs and the podcast download fallout of Apple’s iOS 17. In an absolutely chaotic week for Spotify, the…

  • Spotify to cut 17 percent of staff

    Spotify plans to cut about 17 percent of its workforce in the company’s third round of layoffs this year, CEO Daniel Ek announced on Monday. About 1,500 employees will be impacted, based on Spotify’s numbers in its third quarter earnings report. The company previously laid off about 600 workers in January and another 200 members…