Tag: layoffs

Flock Safety, the Atlanta-based maker of license-plate-reading cameras, is reportedly preparing to cut about 270 jobs, roughly 18% of a workforce of around 1,500. The figure comes from Reuters, which cited people with direct knowledge of the plans. Flock has not publicly confirmed it.

New unemployment claims slipped to 197,000, extending a rare run below 200,000 even as hiring remains subdued.

Caribou Biosciences plans a substantial workforce reduction as it stops development of its two allogeneic CAR-T therapy programs and begins a review of strategic alternatives.

Azenta plans to reduce its workforce and close three of its Multiomics laboratory sites in North America as part of a restructuring of that business.

Amazon has made another round of corporate job cuts. The company confirmed on Oct. 7 that it had eliminated what it described as a small number of roles, mostly within its Stores organization, the unit that runs its core e-commerce business.

Fair Isaac told the SEC it will cut about 15% of positions companywide, citing fewer management layers, a simpler structure and AI-driven product development. Employees began receiving notice the week of October 5.

Foghorn Therapeutics plans to cut about 40% of its workforce, leaving about 65 full-time employees, after it and Eli Lilly decided not to advance FHD-909 into the expansion phase, according to an Oct. 1 SEC filing.

AI-computing company Blaize disclosed in an SEC filing that it is carrying out a restructuring that includes a reduction in force affecting about 26% of its employees, with expected annual savings of $7.5 million to $8.4 million.

Disney is planning another restructuring of its television business that could consolidate divisions and cut hundreds of jobs, The Wall Street Journal reported. The plan is not final, and Disney had not commented.

Nike says a multi-year program called Pace will leave it with fewer roles while it reorganizes into three geographies and opens a campus in Bengaluru. The company says it does not yet know how many roles are affected or where.

U.S.-based employers announced 43,281 job cuts in September, down 18% from August and 20% from a year earlier, Challenger, Gray & Christmas said. Technology cuts rose 77% from August, and announced seasonal hiring was the weakest for a September since 2011.