Intellizence offers the latest data on companies announcing layoffs, downsizing and hiring freezes.  Based on analysis of Intellizence Layoff Dataset, the following are the top 11 largest announcements by leading companies in 2023. The concerns surrounding economic uncertainty and the necessity for restructuring after extensive pandemic-era hiring have impacted companies across industries.  British Telecom No. of Employees:  55,000 Industry:  Telecommunication May 2023  Telecoms group BT aims to become ‘leaner’ as it cuts over 40% of its 130,000 global workforce. In Ma ..read more

Intellizence has highlighted layoff trends for the month of December 2020. The following insights are based on the analysis of Intellizence layoff dataset. Key Takeaways: Over 300 US companies announced layoffs. Layoffs were primarily concentrated in the industries that were most impacted by COVID-19 – tourism & hospitality, manufacturing, restaurant & food services, retail, and aviation sectors. The largest layoffs across the world were – Debenhams (12000), Viatris (9000), Southwest (6828), Dentsu (6000), Satander (3572). Company Industry Layoffs Debenhams Retail 12,000 ..read more

Intellizence publishes monthly trends about major layoffs in companies every month. The following are some of the mass layoff announcements by leading companies as recorded in the Intellizence Layoff Dataset for the month of June 2021.  BBVA (2953)  BBVA, a Spanish multinational financial services company, has reached an agreement with unions to lay off 2,935 employees in Spain, around 12.6% of its banking workforce in its home market. The adjustment plan is to ensure the competitiveness and sustainability of future employment in the company. Marathon Petroleum (2000) Marathon Petro ..read more

Intellizence publishes monthly trends about major layoffs in companies every month. The following are some of the mass layoff announcements by leading companies as recorded in the Intellizence Layoff Dataset for the month of April 2021.  Major Layoffs/Furloughs Announced in April 2021 BBVA (3800)Spain’s second-largest bank BBVA is planning to shed 3,800 jobs, affecting 16 percent of its staff. The bank will shut down 530 of its branches as the banking sector struggles to cope with record-low interest rates and an economic downturn sparked by the coronavirus pandemic, along with a surge ..read more

The following is the list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2023. Subscribe to Intellizence to get the complete layoffs, downsizing, job cuts, and hiring freeze data curated from news sources and WARN filings. Since January 1st, 2023, 2427+ companies across various industries have announced layoffs.  [Last update: July 02, 2023]. Announced Month / Year Company Industry HeadQuarters No. of Jobs June 2023 Open Society Foundations Not for Profit USA 40% of Employees June 2023 Xiaomi Communication China 500 June 2023 Payoneer Fintech ..read more

Intellizence offers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze data for market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor public sources like news and WARN filings for the latest layoff and hiring freeze announcements. We aggregate, de-duplicate, normalize and deliver the curated layoff data through various channels – API and Web dashboard. Since January  1st, 2023,  2427+ companies have announced layoffs. [Last update: July 02, 2023]. In 2022, 3150+ companies announced layoffs.   Subscribe to Intellize ..read more

The mass layoffs and downsizing across sectors make it essential for employers to have a relook at the employment law requirements, including the Federal WARN Act and State WARN Acts. This blog is a brief refresher on the WARN Act and its application to plant closings and mass layoffs. What is the WARN Act? The Worker Adjustment and Retraining Notification or WARN Act is a federal law that provides employees with advance notice in case the employer is going for mass layoff or shutting operations. It can help employees to take steps to find alternate employment or upskill or retrain to compete ..read more

Intellizence offers the latest news and data about layoffs, downsizing, job cuts, and furlough announcements by leading companies. Following are the top 15 largest layoffs that were announced in 2022: Meta is laying off more than 11,000 employees, 13% of its workforce. Amazon has laid off up to 10,000 jobs, blames ‘uncertain’ economy. Royal Mail has laid off 10,000 workers and warns of more if strikes go ahead. Alibaba has laid off nearly 10,000 employees amid poor sales. Credit Suisse has started cutting 2,700 jobs in the fourth quarter and plans to eliminate around 9,000 positions by ..read more

Intellizence offers the latest data on layoffs announced by companies, curated from news and WARN Filings. Following are the recent layoff announcements by startup unicorns in 2022.   Year Of Layoff Startup   Industry Country Layoff Number/ % of Employees Recent Valuation (billion) September 2022 Ada Support Artificial intelligence Canada 78 $1.2  September 2022 Amber Group Fintech Hongkong 10% $3 September 2022 Checkout.com Fintech United Kingdom 5% $40 September 2022 Divvy Homes Real Estate USA 12% $2 September 2022 GoStudent Edtech Austria 200 $3.5 Sep ..read more

Intellizence publishes monthly trends about major layoffs in companies every month. The following are some of the mass layoff announcements by leading companies as recorded in the Intellizence Layoff Dataset for the month of May 2021. Major Layoffs/Furloughs Announced in May 2021 Office Depot (13,100)Office Depot, plans to restructure and realign its operational focus to support ‘business-to-business’ solutions and IT services business units and improve costs. This includes closing stores and laying off about 13,100 employees by 2023. The company expects to save $860 million by the end of 20 ..read more