The full list of major US companies slashing staff this year, from General Motors and PwC to Tesla and Goldman Sachs
Amazon is cutting hundreds of jobs from its wrote on Thursday. It will now focus on beauty, fashion, and food — specifically its Goop Beauty and good.clean.goop beauty brands, G.Label clothing line, and Goop Kitchen restaurants.
That means it’s moving away from wellness, home, travel, and sexual wellness, some of which are categories that once defined the brand.
Verizon is letting go of 4,800 US-based management employees in a voluntary separation program.
Over half of these employees will exit in September, while the rest will leave by the end of March next year, the company said in a Securities and Exchange Commission filing.
The telecommunications giant expects severance charges to cost as much as $1.9 billion before tax in the third quarter of this year.
General Motors is laying off 1,695 employees at its Fairfax plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice in mid-September.
The layoffs will begin in mid-November, and a second phase will continue in January, Reuters reported, citing a GM spokesperson. It is unclear which departments will be affected, but about 1,450 of these employees will be laid off temporarily, the spokesperson said.
In August, the carmaker laid off over 1,000 workers, or 1.3% of its workforce.
The August layoffs came primarily from GM’s software and services business, which it had bulked up over the past few years. Last year, the company brought on two former Apple executives to run the unit.