Layoffs
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Disney is planning to cut about 200 positions or 6% of staff at ABC News Group and the Disney Entertainment Networks unit, The Wall Street Journal reported, citing unnamed sources. The layoffs are expected to be announced as early as Wednesday, the report said, citing one person familiar with knowledge of the cuts. The ABC…
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Tens of thousands of U.S. civil servants were cleared to take a buyout from Donald Trump’s administration on Wednesday after a federal judge ruled the unprecedented downsizing effort could proceed. About 75,000 workers have signed up for the buyout, said a spokesperson for the U.S. Office of Personnel Management, equal to 3% of the civilian…
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American e-commerce firm Wayfair announced it is laying off 13% of its workforce — around 1,650 employees. The job cuts include approximately 19% of the firm’s corporate team, and it is expected to deliver annualized cost savings of more than $280 million for the company, it said in a statement. “The changes announced today reflect…
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