Factbox: Job cuts spill beyond tech sector

Aurora Innovation

09/02/2024 23:21

Feb 9 (Reuters) - Several U.S. and Canadian companies,
mostly in sectors such as technology and media, have kicked of
the year with job cuts, as they look to keep a lid on costs in
an uncertain economy.
    Here is a rundown of layoffs announced so far in 2024: 

        TECHNOLOGY
  
    * Amazon's  AMZN.O  job cuts include less than 5% of
employees at Buy with Prime unit, 5% at audiobook and podcast
division Audible, several hundred in streaming and studio
operations, 35% at streaming unit Twitch and a few hundred at
healthcare units One Medical and Amazon Pharmacy.    * Layoffs
at Alphabet  GOOGL.O  include dozens at division for developing
new technology X Lab, hundreds in advertising sales team,
hundreds across teams, including hardware team responsible for
Pixel, Nest and Fitbit, and a majority in augmented reality
team.
    * Microsoft  MSFT.O  is cutting around 1,900 jobs at gaming
divisions Activision Blizzard and Xbox.    
    * IBM  IBM.N  plans to lay off some employees in 2024, but
will hire more for AI-centered roles.
    * E-commerce firm eBay  EBAY.O  plans to cut about 1,000
roles, or around 9% of its current workforce.     
    * Videogame software provider Unity Software  U.N  to cut
about 25% of workforce, or 1,800 jobs.
    * DocuSign  DOCU.O  plans to reduce its current workforce by
about 6%, or 400 employees, with majority of layoffs in its
sales and marketing organizations.
    * Snap  SNAP.N  plans to cut around 528 jobs, or 10% of its
global workforce. 
    * Salesforce  CRM.N  is laying off about 700 employees, or
roughly 1% of its global workforce. 
    * Network giant Cisco  CSCO.O  is planning to restructure
its business which will include laying off thousands of
employees. 
    * Autonomous vehicle technology company Aurora Innovation
 AUR.O  lays off 3% of its workforce. 

        MEDIA
  
    * Walt Disney's  DIS.N  Pixar Animation Studios is set to
cut jobs as the studio has completed production on some shows
and has more staff than it needs.
    * Comcast-owned  CMCSA.O  British media group Sky plans to
cut about 1,000 jobs across its businesses this year.
    * The Los Angeles Times plans to lay off 94 journalists who
belong to the newspaper's union.
    * Paramount Global  PARA.O  is planning to conduct
unspecified number of layoffs.
    * Business Insider plans to lay off around 8% of its staff. 
    * Bell Canada  BCE.TO  plans to slash 4,800 jobs.  

        FINANCIAL SERVICES
  
    * PayPal Holdings  PYPL.O  is planning to cut about 2,500
jobs, or 9% of its global workforce this year. 
pau
    * Payments firm Block Inc  SQ.N  has started to cut
unspecified jobs as part of its previously disclosed plans.
    * Citigroup  C.N  is planning to reduce its headcount by
20,000 people over the next two years. 
    * Exchange operator Nasdaq  NDAQ.O  plans to slash hundreds
of jobs as it integrates fintech firm Adenza into its business. 
    * World's largest asset manager BlackRock  BLK.N  is set to
cut about 3% of its current workforce, though it expects to have
a larger headcount by the end of 2024.

        CONSUMER AND RETAIL
  
        * Cosmetics giant Estee Lauder  EL.N  plans to cut 3% to
5% of its global workforce.
    * Wayfair  W.N  plans to lay off 1,650 employees, or about
13% of its workforce.
    * U.S. department store chain Macy's  M.N  is cutting 2,350
jobs and closing five stores.
    * Levi Strauss & Co  LEVI.N  is planning to slash 10% to 15%
of global corporate jobs.
    * Hershey  HSY.N  is planning a restructuring plan that will
impact less than 5% of its workforce. 
        
  
        HEALTH
  
    * Novavax  NVAX.O  is cutting about 12% of total workforce.
  
        MANUFACTURING
  
    * Defense contractor Lockheed Martin  LMT.N  is planning to
cut 1% of its jobs. 
    * United Parcel Service  UPS.N  plans to cut 12,000 jobs in
a bid to cut $1 billion costs after a bumpy year. 
        
  
        NATURAL RESOURCES
  
    * U.S. miner Piedmont Lithium  PLL.O  cuts 27% of its
workforce as part of a cost-cutting plan. 

 (Reporting by Zaheer Kachwala, Harshita Mary Varghese,
Samrhitha Arunasalam, Arsheeya Bajwa, Priyanka.G and Jaspreet
Singh in Bengaluru; Editing by Arpan Varghese and Anil D'Silva)
 ((Zaheer.Kachwala@thomsonreuters.com))