mass layoff
12/15/2023
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By Ethan Huff
More layoffs coming to McDonald’s as fast food giant embraces Google’s AI for online ordering
McDonald’s is going human-less in an effort to keep its top executives handsomely paid and its lower-level store employees, well, obsolete. In a recent press release, McDonald’s announced a new partnership with Google that will utilize the search engine giant’s artificial intelligence (AI) technology at McDonald’s franchise stores. With self-serve kiosks already plastered inside McDonald’s […]
03/17/2023
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By Oliver Young
Mark Zuckerberg announces plan to cut 10,000 Meta employees in the next 2 months
Meta CEO Mark Zuckerberg has touted 2023 as the company’s “year of efficiency.” That means more employees are on the chopping block. On Tuesday, March 14, Zuckerberg announced the company’s plan to cut 10,000 employees in the next two months – just short of the 11,000 it laid off in November, which equated to roughly […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
08/09/2022
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By Belle Carter
NYDFS fines Robinhood’s crypto division $30M over anti-money laundering and cybersecurity-related issues
The New York State Department of Financial Services (NYDFS) has issued a $30 million fine on Robinhood’s crypto division over anti-money laundering and cybersecurity-related issues. Robinhood, a financial services company that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app, said last year that it will pay NYDFS a $30 million settlement […]
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