Canadian, U.S. companies start 2024 with layoffs. What to know
Global News
Companies in the U.S. and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist.
Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs.
While job cut announcements in the United States more than doubled month-on-month to 82,307 in January, they were down 20 per cent from a year earlier, according to a report by outplacement firm Challenger, Gray & Christmas earlier in February.
The technology sector, which accounted for the highest number of layoffs in 2023, has seen 34,000 job cuts in 141 firms so far this year, according to tracking website Layoffs.fyi.
Here is a snapshot of job cuts announced so far in 2024:
Amazon’s job cuts include less than five per cent of employees at Buy with Prime unit, five per cent at audiobook and podcast division Audible, several hundred in streaming and studio operations, 35 per cent at streaming unit Twitch and a few hundred at healthcare units One Medical and Amazon Pharmacy.
Layoffs at Alphabet include dozens at division for developing new technology X Lab, hundreds in advertising sales team, hundreds across teams, including hardware team responsible for Pixel, Nest and Fitbit, and a majority in augmented reality team.
Microsoft is cutting around 1,900 jobs at gaming divisions Activision Blizzard and Xbox.
IBM plans to lay off some employees in 2024, but will hire more for AI-centered roles.
The results of the Leger survey suggest that Canadian and Americans hold many similar views on the state of the economy and their personal financial status.
International student enrolment at the University of Regina and the University of Saskatchewan is down, but by how much?
Higher power bill in the winter aren't uncommon, but some Nova Scotia Power customers opened their bills this month to find a shocking increase.
Donald Trump has said that he wants to “make the cars in Detroit,” indicating that he wants to replace Canada’s industry with a fully domestic American car industry.
In that response, UBC Properties Trust is not taking full responsibility.
The party said the Liberal Leadership Vote Committee unanimously disqualified Dhalla over 10 'extremely serious' rule violations it said were made.
The Canadian Civil Liberties Association and other advocate groups are urging the federal government to immediately pause the Safe Third Country Agreement.
A 15-year-old student in Alberta is taking what began as a school assignment into the real world.
Deputy Chief Devin Laforce and Deputy Chief Warren Driechel have been appointed to the shared role of interim chief.
Bank of Canada governor Tiff Macklem said the shock from U.S. tariffs would be very different from the economic downturn caused by the COVID-19 pandemic.
In an interview with Global News, Ruby Dhalla said she made a new request a week ago for a 'personal translator' but has yet to hear back from the party.
There has been one constant in Ontario this winter: a non-stop amount of snow that has left those responsible for clearing roads scrambling to keep up.
The City of Calgary is seeking feedback on a four kilometre Red Line LRT expansion south with two new stations at Silverado and 210 Avenue South.