Posts in tag

layoffs


According to a media report, In totally expected news (unfortunately), nightclub and restaurant giant Hakkasan Group has laid off 1,600 workers as of this weekend due to all of the company’s properties being closed for an indefinite time due to the Coronavirus. All employees outside of upper management are being let go. Severance packages are …

Word came out earlier last week that Soundcloud laid off 40% of its staff in a bid to become profitable.  A statement by the company indicated that the layoffs would help stabilize the company. Now however a new article by TechCrunch described a more dire situation where even with the recent layoffs the company only has …