Stitch Fix is working to create a "more nimble organization" as it seeks to become more viable during the economic downturn. As part of this transition, its CEO is stepping down.
Salesforce said it will trim its workforce by 10% after hiring too many people leading into the economic downturn. CEO Marc Benioff says he is taking responsibility for this.
Vimeo on Wednesday became the latest company to announce a reduction in its workforce due to deteriorating economic conditions. The cuts will impact nearly every department.
Tech workers laid off by Meta Platforms, Google, and Twitter are finding new jobs at a record pace. Layoffs offered severance helping workers develop new skills.