htc New HTC CEO Yves Maitre Faces Uphill Battle Amid Ongoing Losses HTC's new chief executive Yves Maitre takes the reins after five consecutive quarterly losses and major layoffs. He discusses leveraging 5G and VR to revive the struggling smartphone maker.
wework WeWork Faces Massive Layoffs as CEO Neumann Steps Down WeWork braces for significant layoffs after co-founder Adam Neumann steps down as CEO and relinquishes his supervoting power. The dramatic leadership change leaves the struggling startup and its major investor, SoftBank, facing massive financial losses.
kik Kik Messenger Shuts Down Amid Ongoing SEC Cryptocurrency Battle Kik Interactive is closing its popular messaging app and laying off over 100 employees to survive an SEC lawsuit targeting its Kin cryptocurrency. The drastic shift reduces the company's burn rate by 85 percent as it prepares for a legal fight over whether Kin is an illegal security.
huawei Huawei to Cut Hundreds of US Jobs Following Trump Administration Blacklist Huawei plans to lay off hundreds of employees at its US research subsidiary Futurewei as it navigates a damaging federal blacklist. The cuts come despite a recent temporary easing of trade restrictions by the White House.
hq trivia Struggling HQ Trivia Lays Off Staff Amid Plunging Downloads and Internal Chaos HQ Trivia reduces its workforce by approximately 20% as monthly downloads plummet 92% compared to last year. The cuts follow a failed mutiny against the CEO and leave the company short-handed ahead of a new subscription launch.
huawei Huawei Plans Mass Layoffs at US Research Subsidiary Futurewei Huawei is laying off hundreds of workers at its US-based research arm, Futurewei Technologies, as the company struggles under a federal blacklist. Chinese employees receive the option to return home, while US staff face immediate dismissal.
maker media Maker Media Shuts Down and Lays Off Entire Staff Amid Financial Struggles Maker Media, the publisher of MAKE: magazine and organizer of Maker Faire, ceases operations and lays off all 22 employees. The founder is now negotiating with creditors and exploring potential rescue funding to revive the brand.
hq trivia Internal Revolt and Cash Crunch Push HQ Trivia Toward Collapse Over half of HQ Trivia's staff signs a petition to remove CEO Rus Yusupov amid severe financial losses and plummeting morale. The once-popular live trivia app now faces extinction as its cash reserves dry up and investors refuse further funding.
udacity Online Education Startup Udacity Cuts 20% of Staff to Reach Profitability Udacity lays off 75 employees as co-founder Sebastian Thrun implements a strategic restructuring plan to eliminate runaway costs. The online education company aims to reach break-even or profitability by next quarter.
mobike Struggling Mobike Shuts Down International Operations to Focus Solely on China Bike-sharing giant Mobike lays off its Asia Pacific team as part of a broader strategy to close all international operations and concentrate entirely on its native China.
wework WeWork Lays Off 300 Employees in Routine Performance Review WeWork cuts roughly 300 jobs, or 3 percent of its global workforce, as part of a standard annual performance review.
buzzfeed BuzzFeed Staff Petition for PTO Payouts After Mass Layoffs Over 400 BuzzFeed employees demand the company pay out earned paid time off to all laid-off U.S. workers, not just those in California. Human resources leadership states they are open to re-evaluating the policy following the 250-person workforce reduction.
buzzfeed BuzzFeed Slashes 15 Percent of Workforce Amid Digital Media Shift BuzzFeed announces a 15 percent workforce reduction, affecting about 250 employees, as the digital media giant adjusts to evolving platform economics.
verizon Verizon Media Group Cuts 800 Jobs in Strategic Restructuring Verizon Media Group lays off about 800 employees as it shifts focus to three core business priorities. The cuts follow a massive writedown and the retirement of the Oath brand name.
spacex SpaceX Lays Off 10% of Workforce to Become 'Leaner' SpaceX announces a 10% workforce reduction to become leaner as it develops Starship and Starlink.