From Tesla To Peloton, List Of Companies Dialing Back On Hiring: Report

Author : Dhowcruise
Publish Date : 2022-06-04 00:00:00


From Tesla To Peloton, List Of Companies Dialing Back On Hiring: Report

Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list of some other companies that have announced layoffs or frozen hiring to rein in costs and their comments: Alibaba Group China's Alibaba might cut more than 15% of its total workforce, or about 39,000 employees, due to a sweeping regulatory crackdown in China, as well as slowing sales growth and rising prices. Carvana Co Carvana said it will lay off about 2,500 employees, or 12% of its workforce. Coinbase Coinbase will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers to deal with current macroeconomic conditions. Getir Turkey's Getir is planning to cut 14% of its staff globally due to rising global inflation and costs, a source with knowledge of the matter told Reuters on May 25. Henkel AG & Germany's Henkel, the company behind Schwarzkopf, said on May 5 it would cut about 2,000 positions due to low demand of its shampoos and hair spray, as well as rising costs and global supply chain issues. Klarna Swedish company Klarna said on May 23 it was slashing 10% of its 7,000 strong workforce as a consequence of a recent steep increase in inflation, fear of a recession and the war in Ukraine worsening business sentiment. Lyft Inc The company said in May it will slow down hiring and assess budget cuts in some departments. Meta Facebook parent Meta said in May it will slow the growth of its workforce. Move About Group from Sweden said on May 20 it would cut 17 out of 40

Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list of some other companies that have announced layoffs or frozen hiring to rein in costs and their comments: Alibaba Group China's Alibaba might cut more than 15% of its total workforce, or about 39,000 employees, due to a sweeping regulatory crackdown in China, as well as slowing sales growth and rising prices. Carvana Co Carvana said it will lay off about 2,500 employees, or 12% of its workforce. Coinbase Coinbase will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers to deal with current macroeconomic conditions. Getir Turkey's Getir is planning to cut 14% of its staff globally due to rising global inflation and costs, a source with knowledge of the matter told Reuters on May 25. Henkel AG & Germany's Henkel, the company behind Schwarzkopf, said on May 5 it would cut about 2,000 positions due to low demand of its shampoos and hair spray, as well as rising costs and global supply chain issues. Klarna Swedish company Klarna said on May 23 it was slashing 10% of its 7,000 strong workforce as a consequence of a recent steep increase in inflation, fear of a recession and the war in Ukraine worsening business sentiment. Lyft Inc The company said in May it will slow down hiring and assess budget cuts in some departments. Meta Facebook parent Meta said in May it will slow the growth of its workforce. Move About Group from Sweden said on May 20 it would cut 17 out of 40Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list of some other companies that have announced layoffs or frozen hiring to rein in costs and their comments: Alibaba Group China's Alibaba might cut more than 15% of its total workforce, or about 39,000 employees, due to a sweeping regulatory crackdown in China, as well as slowing sales growth and rising prices. Carvana Co Carvana said it will lay off about 2,500 employees, or 12% of its workforce. Coinbase Coinbase will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers to deal with current macroeconomic conditions. Getir Turkey's Getir is planning to cut 14% of its staff globally due to rising global inflation and costs, a source with knowledge of the matter told Reuters on May 25. Henkel AG & Germany's Henkel, the company behind Schwarzkopf, said on May 5 it would cut about 2,000 positions due to low demand of its shampoos and hair spray, as well as rising costs and global supply chain issues. Klarna Swedish company Klarna said on May 23 it was slashing 10% of its 7,000 strong workforce as a consequence of a recent steep increase in inflation, fear of a recession and the war in Ukraine worsening business sentiment. Lyft Inc The company said in May it will slow down hiring and assess budget cuts in some departments. Meta Facebook parent Meta said in May it will slow the growth of its workforce. Move About Group from Sweden said on May 20 it would cut 17 out of 40Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list of some other companies that have announced layoffs or frozen hiring to rein in costs and their comments: Alibaba Group China's Alibaba might cut more than 15% of its total workforce, or about 39,000 employees, due to a sweeping regulatory crackdown in China, as well as slowing sales growth and rising prices. Carvana Co Carvana said it will lay off about 2,500 employees, or 12% of its workforce. Coinbase Coinbase will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers to deal with current macroeconomic conditions. Getir Turkey's Getir is planning to cut 14% of its staff globally due to rising global inflation and costs, a source with knowledge of the matter told Reuters on May 25. Henkel AG & Germany's Henkel, the company behind Schwarzkopf, said on May 5 it would cut about 2,000 positions due to low demand of its shampoos and hair spray, as well as rising costs and global supply chain issues. Klarna Swedish company Klarna said on May 23 it was slashing 10% of its 7,000 strong workforce as a consequence of a recent steep increase in inflation, fear of a recession and the war in Ukraine worsening business sentiment. Lyft Inc The company said in May it will slow down hiring and assess budget cuts in some departments. Meta Facebook parent Meta said in May it will slow the growth of its workforce. Move About Group from Sweden said on May 20 it would cut 17 out of 40Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list of some other companies that have announced layoffs or frozen hiring to rein in costs and their comments: Alibaba Group China's Alibaba might cut more than 15% of its total workforce, or about 39,000 employees, due to a sweeping regulatory crackdown in China, as well as slowing sales growth and rising prices. Carvana Co Carvana said it will lay off about 2,500 employees, or 12% of its workforce. Coinbase Coinbase will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers to deal with current macroeconomic conditions. Getir Turkey's Getir is planning to cut 14% of its staff globally due to rising global inflation and costs, a source with knowledge of the matter told Reuters on May 25. Henkel AG & Germany's Henkel, the company behind Schwarzkopf, said on May 5 it would cut about 2,000 positions due to low demand of its shampoos and hair spray, as well as rising costs and global supply chain issues. Klarna Swedish company Klarna said on May 23 it was slashing 10% of its 7,000 strong workforce as a consequence of a recent steep increase in inflation, fear of a recession and the war in Ukraine worsening business sentiment. Lyft Inc The company said in May it will slow down hiring and assess budget cuts in some departments. Meta Facebook parent Meta said in May it will slow the growth of its workforce. Move About Group from Sweden said on May 20 it would cut 17 out of 40Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list of some other companies that have announced layoffs or frozen hiring to rein in costs and their comments: Alibaba Group China's Alibaba might cut more than 15% of its total workforce, or about 39,000 employees, due to a sweeping regulatory crackdown in China, as well as slowing sales growth and rising prices. Carvana Co Carvana said it will lay off about 2,500 employees, or 12% of its workforce. Coinbase Coinbase will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers to deal with current macroeconomic conditions. Getir Turkey's Getir is planning to cut 14% of its staff globally due to rising global inflation and costs, a source with knowledge of the matter told Reuters on May 25. Henkel AG & Germany's Henkel, the company behind Schwarzkopf, said on May 5 it would cut about 2,000 positions due to low demand of its shampoos and hair spray, as well as rising costs and global supply chain issues. Klarna Swedish company Klarna said on May 23 it was slashing 10% of its 7,000 strong workforce as a consequence of a recent steep increase in inflation, fear of a recession and the war in Ukraine worsening business sentiment. Lyft Inc The company said in May it will slow down hiring and assess budget cuts in some departments. Meta Facebook parent Meta said in May it will slow the growth of its workforce. Move About Group from Sweden said on May 20 it would cut 17 out of 40Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla's workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce, according to an internal email seen by Reuters. Following is a list



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