Holiday season layoff: 5 companies that announced layoffs

By Editorji News Desk
Published on | Dec 15, 2023

Layoffs in holiday season

The holiday season in the U.S is seeing a surge in layoffs, causing worker distress and raising concerns about the timing and impact of the job cuts

Why Now?

Layoffs in December aim to secure finances before the fiscal yr-end amidst economic uncertainty. Let's take a look at firms that have announced layoff

Ernst & Young (EY)

E&Y announced layoffs for over 10% of consulting partners & for about 4% in strategy & transitions across the US due to reduced service demand

Spotify

Spotify announced it will slash more than 1,500 jobs, that's 17% of its staff, in its third round of layoffs this year

Citi

The week of Thanksgiving, Citi announced it would eliminate 300 management positions amid restructuring

Image Credit: Bloomberg

Amazon

In Nov, Amazon reduced staff by "several hundred employees" in divisions like Alexa, music, podcast streaming, gaming, and HR

Chewy

Pet supply firm, Chewy cut over 200 jobs including senior roles, across various departments like HR, data & business intelligence