Layoffs 2023

Corporate layoffs, hiring freezes and cost-cutting initiatives continue to make news.

All of this comes as fears of a potential recession grow. Rising inflation is hitting the market hard, as are the Fed’s interest rate increases to combat it. This has many companies slashing jobs.

We’ll track all of the latest layoff news here, as well as how these actions affect the stock market. Including:
Are Layoffs Good or Bad for Stocks?
7 Tech Stocks Feeling the Heat Hit From Layoffs

Okta Layoffs January 2024: What to Know About the Latest OKTA Job Cuts

By Chris MacDonald, InvestorPlace Contributor
Investors in Okta are seeing some green on the screen today, with OKTA stock surging on news the company will do another round of layoffs.

Microsoft Layoffs 2024: What to Know About the Latest MSFT Job Cuts

By Josh Enomoto, InvestorPlace Contributor
Although the Microsoft layoffs weren’t unexpected given the size of the Activision Blizzard buyout, it raises questions about MSFT stock.

Alibaba Layoffs 2024: What to Know About the Latest Lazada Job Cuts

By Josh Enomoto, InvestorPlace Contributor
With Alibaba’s Southeast Asia e-commerce arm Lazada struggling competitively, investors must watch the latest Alibaba layoffs.

United Parcel Service Layoffs 2024: What to Know About the Latest UPS Job Cuts

By Josh Enomoto, InvestorPlace Contributor
With United Parcel Service feeling the heat from reduced parcel volume, the company announced layoffs, raising concerns over UPS stock.

Intel Layoffs 2023: What to Know About the Latest INTC Job Cuts

By Shrey Dua, InvestorPlace Assistant News Writer
Intel layoffs are the talk of Wall Street after the chipmaker announced cutting 235 employees as part of its fifth round of layoffs in 2023.

Enphase Energy Layoffs 2023: What to Know About the Latest ENPH Job Cuts

By William White, InvestorPlace Writer
Enphase Energy layoffs are a hot topic on Tuesday as the solar power company prepares to cut 10% of its global workforce!

Arm Layoffs 2024: What to Know About the Latest ARM Job Cuts

By William White, InvestorPlace Writer
Arm layoffs are coming for 70 of the semiconductor company's software engineers in China but 15 of those workers will be relocated.

Invitae Layoffs 2023: What to Know About the Latest NVTA Job Cuts

By William White, InvestorPlace Writer
Invitae layoffs are a hot topic on Friday after the genetics company announced a 15% reduction of its workforce to reduce costs.

General Motors Layoffs 2023: What to Know About the Latest Cruise Job Cuts

By Josh Enomoto, InvestorPlace Contributor
With driverless tech coming under scrutiny, the General Motors layoffs may have been inevitable, but context also matters.

Etsy Layoffs 2023: What to Know About the Latest ETSY Job Cuts

By Eddie Pan, InvestorPlace Financial News Writer
ETSY stock is in the red after the company announced an 11% workforce reduction and a slew of new management changes.

EY Layoffs 2023: What to Know About the Latest EY Job Cuts

By William White, InvestorPlace Writer
EY layoffs have been announced and this has the accounting firm cutting 130 jobs to adjust for slowing demand after the pandemic.

Stellantis Layoffs 2023: What to Know About the Latest Jeep Job Cuts

By Shrey Dua, InvestorPlace Assistant News Writer
Stellantis has stated that as many as 2,455 workers may be affected by job cuts at its Detroit Jeep plant. What's up with Stellantis layoffs?

Tidal Layoffs 2023: What to Know About the Latest Job Cuts at Jack Dorsey’s Tidal

By Chris MacDonald, InvestorPlace Contributor
News of Tidal layoffs has helped shares of parent company Block surge 1% higher in today's session, as investors focus on efficiency.

Nike Layoffs 2023: What to Know About the Latest NKE Job Cuts

By Shrey Dua, InvestorPlace Assistant News Writer
Nike layoffs are the talk of Wall Street on news that the sports apparel company has been quietly laying off employees in the past weeks.

NIO Stock Alert: Nio Is Apparently Considering More Layoffs

By Chris MacDonald, InvestorPlace Contributor
In previous market cycles, announcing layoffs has typically led to share price appreciation, but NIO stock is moving in the wrong direction.

Bill.com Layoffs 2023: What to Know About the Latest BILL Job Cuts

By Samuel O'Brient, InvestorPlace Reporter
Bill.com has announced plans to reduce its global workforce and close one office. Here's why the Bill.com layoffs are boosting BILL stock.

Wells Fargo Layoffs 2024: What to Know About the Latest WFC Job Cuts

By William White, InvestorPlace Writer
Wells Fargo layoffs are coming in Q4 as the banking company expects up to pay $1 billion in severance costs during the period.

Twilio Layoffs 2023: What to Know About the Latest TWLO Job Cuts

By Josh Enomoto, InvestorPlace Contributor
Although the third round of Twilio layoffs may buy some time, activist investors of TWLO stock may be seeking bigger changes.

Spotify Layoffs 2023: What to Know About the Latest SPOT Job Cuts

By William White, InvestorPlace Writer
Spotify layoffs are on the way for 17% of the company's workforce as it prepares to reduce headcount to cut operational costs.
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