RestructuringPlan

Twilio Announces Lay Off of about 1,500 Employees or 17% of its Workforce

Twilio Inc. (NYSE: TWLO) reported its plan to cut around 1,500 employees or 17% of its workforce. This announcement is after the company had already laid off 11% of its workforce as part of its restructuring plan that was announced last year. Twilio had a total of 8,992 employees as of September 2022. In an …

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Micron to Layoff 10% of Employees and Suspends Bonuses

Micron (NASDAQ: MU), a semiconductor maker, reported disappointing first-quarter earnings Wednesday and simultaneously announced it would be cutting 10% of its workforce. The company‚Äôs shares fell over 1% in extended trading. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”MU” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”MU” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The American producer of …

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Twilio Set to Lay Off 11% of Workforce to Reduce Costs

Twilio (NYSE: TWLO) is set to lay off 11% of its workers amid its restructuring plan, according to an SEC filing published on Wednesday. The company says the restructuring plan aims to reduce operating costs, improve operating margins, and change its selling capacity in order to boost software sales. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”TWLO” api=”yf”] …

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Ford to Terminate 3,000 Jobs Amid Cost-Cutting Efforts

Ford Motor (NYSE: F) is set to lay off 3,000 jobs globally, as it strives to cut costs amid restructuring efforts under CEO Jim Farley. The bulk of terminated employees will be from Michigan. Approximately 2,000 salaried positions and 1,000 agency workers will be cut within the U.S., Canada, and India. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” …

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UiPath to Layoff 5% of Employees amid Restructuring Plan

UiPath (NYSE: PATH) is reducing its overall workforce by 5% amid its new restructuring plan, according to an SEC filing. The majority of the layoffs are expected to take place at the end of its second fiscal quarter of 2023. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”PATH” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”PATH” range=”1mo” interval=”1d” axes=”true” cursor=”true” …

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