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2023 Layoff Tracker

Toy manufacturer Hasbro will cut 1,100 employees, according to an internal memo released Monday, making it the latest major U.S. company to reduce its head count this year 

December 11
Hasbro, which already cut 800 employees this year, will cut another 1,100 of its roughly 6,500 employees, CEO Chris Cocks said in an employee memo shared with Forbes, telling employees the “market headwinds we anticipated have proven to be stronger and more persistent than planned.”

December 11
State Street is planning to cut approximately 1,500 employees at the start of 2024, with CFO Eric Aboaf saying the Boston-based financial company expects to incur $175 million to $200 million in severance costs, the Boston Globe reported.

December 8
E-commerce company Zulily will cut over 800 employees, including 292 in Washington, according to a state Worker Adjustment and Retraining Notification, and 550 in Nevada and Ohio, according to state notices—nearly eight months after the company was bought by California private equity firm Regent.

December 4
Spotify CEO Daniel Ek announced the layoffs in a memo to employees Monday morning, saying the company will cut 17% of its staff—estimated to affect 1,500 employees—in a cost-cutting move Ek said would “ensure we are right-sized for the challenges ahead,” citing a slowdown in economic growth, adding: “Spotify is not an exception to these realities.”

December 4
After letting go of more than 1,500 employees in February, Jeff Lawson, the CEO of San Francisco Bay-area communications giant Twilio, told employees the company is planning another round of cuts affecting 5% of its workforce—estimated to affect roughly 300 more employees.

Read More: Forbes

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