Latest layoffs: PayPal, REI, HubSpot, DraftKings, and more

The ideas expressed below will give you actionable examples to cultivate a positive working environment for your employees.Despite a weekly avalanche of layoff announcements in tech and beyond, government data suggests that it’s still a worker’s labor market. New figures from the Labor Department show that the number of open jobs rose to a five-month high of 11 million at the end of last year. Hiring, however, has dropped to its slowest pace in two years. The LinkedIn News team continues to follow these developments, with the latest job cuts below. If you’ve been impacted by a layoff, find our best tips here.

Layoffs making headlines in the past week:

    • REI’s HQ staff is getting 8% smaller. The outdoor retailer has laid off 167 employees, or less than 1% of its total headcount.
    • In a rare move, FedEx is trimming its global management team and eliminating 10% of its officer- and director-level roles.

    • Workday, a cloud-based business software provider, will let go of 525 employees, or 3% of its total staff.
    • There has been a new round of cutbacks at Groupon, which shed another 500 jobs in January. The online coupon site previously cut 500 jobs last August.

Original By Melissa Cantor, Editor at LinkedIn News

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