Tagged With "Layoff"

Heard today and not that it happened today that Visual Edge furloughed or laid off 500 employees and Marco at 200. Also heard the VC money has dried up as well. Will prove to be interesting!

Ricoh service employees are now on a 7 week furlough program.....

not all of them right?

Yes all but over the next three months it has to be taken.

okay ty, but not everyone is out at the same time right?, more of a staggered take off?

By Louella Fernandes on December 2, 2022 Articles , Future of work , Trends In 2023, the print industry will remain vulnerable to the impact of economic uncertainty, the energy crisis and supply chain disruption. The Great Resignation is turning into the Great Layoff, creating a further shift in employer and employee dynamics. Although remote and hybrid working will not disappear, 2023 may see a wider return to the office, which could help improve print volume recovery. However, customer...

Zebra Printing Tech announces layoff Headquartered in Lincolnshire, Illinois Maker of thermal label and wristband printers, primarily for healthcare vertical “Late in the second quarter, we began to experience a more broad-based moderation of demand across many of our core offerings” Announced it will let go of 700 employees Will cost the company $45 million in severance and benefits “difficult demand environment”

Interesting since their core offering is print. First salvo fired?

he tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023 , this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi . Companies like Tesla , Amazon , Google , TikTok , Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether .... more here