Citi to cut about 20,000 jobs as it doubles down on its corporate overhaul

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citigroup CEO jane fraser
CEO Jane Fraser says the company had a "very disappointing" Q4 in 2023.

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Discord is laying off 170 employees as its CEO says the workforce grew too quickly

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Discord logo displayed on a phone screen and Discord website displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 5, 2022.
Discord has expanded rapidly since 2020, its CEO said.

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Silicon Valley engineers joked you'd go to LinkedIn to retire. Then came the PIPs and layoffs.

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LinkedIn's company culture has undergone a reckoning over the past year, workers say.

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Google just laid off hundreds of staff. Read the email notifying some workers

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Google laid off hundreds of staff.
Google laid off hundreds of staff.

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Google has laid off hundreds of staff who were working on its voice-activated assistant

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The exterior of the new headquarters of Google is seen at 550 Washington Street in Hudson Square.
Google laid off hundreds of staff on Wednesday. The cuts affect staff working on Google Assistant as well as members of Google's devices and services team.

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Amazon is laying off 'several hundred' employees across Prime Video and Amazon MGM Studios — read the memo

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the boys
"The Boys."

Amazon Prime Video

TGI Fridays just closed 36 restaurants — see the full list

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TGIFridays
TGI Fridays closed 36 restaurants in the US on January 3.

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Xerox will axe thousands of jobs in its 'reinvention' plan

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xerox 1959 ad
Xerox was once a synonym for copying.

Xerox

Nike stock plunges and takes rivals like Under Armour and Adidas with it

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Pink Nike shoes
What happens at Nike reverberates across the industry.

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A Pizza Hut franchise is laying off 366 delivery drivers as restaurants brace for California's new $20 per-hour fast-food wage

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Pizza Hut
A Pizza Hut franchisee plans to lay off all of its in-house delivery drivers at more than 70 stores in California.

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