Starbucks announced Thursday that it will lay off 900 corporate employees and close hundreds of stores across North America as part of a sweeping $1 billion restructuring plan. The decision, unveiled by CEO Brian Niccol in a letter to employees, marks the second round of layoffs since he took over the company in August 2024.
Powell’s City of Books, the well-known Portland bookstore that previously banned journalist Andy Ngo’s best-selling book on Antifa, has begun laying off staff as financial struggles deepen. According to an internal email obtained by the Portland Business Journal, 18 positions across departments were cut in July, with more layoffs expected in the coming months.
The Walt Disney Company is laying off several hundred employees worldwide, starting Monday, in its latest round of job cuts aimed at slashing costs. According to Deadline, the layoffs primarily affect Disney Entertainment and corporate financial departments, including marketing, filming, casting, and development.
Microsoft confirmed it is laying off 3% of its global workforce, affecting an estimated 6,840 employees across all divisions. The cuts, which began Tuesday, will impact staff in the U.S. and abroad, including teams at LinkedIn and Xbox.
CNN, a division of Warner Bros. Discovery, plans to lay off hundreds of employees this week as part of a strategy to refocus its business around a global digital audience, according to a CNBC report on Wednesday.
Meta, Facebook's parent company, has reportedly removed tampons from men’s bathrooms in its facilities, according to an article from The New York Times.
Tesla, under Elon Musk’s leadership, replaced thousands of laid-off American workers with foreign employees on H-1B visas, according to reports from employees and data from the U.S. Department of Labor. The layoffs earlier this year affected approximately 15,000 U.S. workers, primarily in Tesla’s Texas and California operations.
President-elect Donald Trump made a pointed remark about the Walt Disney Company during a recent event at Mar-a-Lago, where former Marvel Entertainment boss and billionaire Ike Perlmutter was in attendance. "The guy went from stone-cold broke to owning Disney," Trump told the crowd, referring to Perlmutter. "Then he got out of Disney because they went woke. He didn’t want woke Donald Duck."
