The company creates travel experiences related to music events for people, and patterns with music festivals to drive bookings through its platform. Community of Madrid The allstate layoffs aren't over yet. In April 2022, SoftBank-backed edtech start-up Unacademy too, caught everyone's eyeballs when it laid off around 600 employees. Lemonade - Best Home Insurance Company for Online Service. The majority of employees will be laid off on July 31, the day the manufacturing plant is scheduled to stop operations. Heineken is trying to move beyond beer and make non-alcoholic beer that has much potential for growth, Companies that announced Major Layoffs and Hiring Freezes. of Employees to be Laid off: 40% of its Workforce. Consultancy Aon also released its health plan cost forecast in October. Binance chief Changpeng Zhao has also confirmed the transaction through Twitter. CEO Thomas Wilson said the insurer would allow employees to stay on their . 4.5. The Supreme Court on Thursday blocked President Joe Biden's vaccine and testing requirement aimed at large businesses, but it allowed a vaccine mandate for certain health care workers . Under the restructuring, Swiss will reduce its fleet of 90 planes which it operates under its own name and the Helvetic brand by 15%. of Employees to be Laid off: 80% of Employees, Reverse Mortgage Funding, LLC has laid off 80% of its staff. Getir, the $12B instant delivery startup, plans to lay off 14% of staff globally and cut aggressive expansion plans. GoodLife Fitness has let go of nearly 480 employees from 189 clubs across Canada due to COVID-19 restrictions cutting down on business. CVS Health plans to lay off at least 208 employees across the state in connection with the impending closure of four of its New York infusion pharmacies, according to notices filed this week with the state Department of Labor. The company will lay off around 220 employees after restructuring the company and discontinuing its consumer care and electronics film programs. Ford Motor aims to lay off about 1,000 salaried positions in the US through a voluntary buyout program. The company offered three months of severance, paid health care premiums, and accelerated equity grants. Layoffs latest: Companies making cuts | LinkedIn Cloud computing company Nutanix expects to lay off 4% of its workforce, or 270 employees, by the end of October. The job cuts would lead to about $1.4 billion to $2.1 billion in charges, while only about $800 million to $1 billion will be recorded in the fourth quarter. The company is reducing headcount to trim expenses and readjust to new levels of consumer demand for its products. Property technology company Veev is laying off around 100 employees, which accounts for around 30% of its workforce. AMC Networks plans to lay off about 20% of its U.S. employees, a sign of further disruption at the company. The tech company announced layoffs for the first time in 10 years.