layoff watch

More layoffs in NC: 88 workers losing jobs at Matthews plant

Posted by WRAL TechWire | Oct 23, 2023

Box and packaging company Hood Container plans to lay off 88 workers at its Matthews corrugated box plant. Here are the details.

Durham startup backed by Bill & Melinda Gates is ‘potentially’ laying off all employees

Posted by WRAL TechWire | Oct 19, 2023

Agtech startup AgBiome is laying off 123 workers, according to a layoff notice filed with the state of North Carolina. Agtech startup AgBiome is “potentially” laying off all its 123 workers, according to a layoff notice filed with the state of North Carolina. AgBiome is trying to raise capital, one of its co-CEO says, in order to stay in business “for the foreseeable future.”

Telecom giant Nokia, which has Raleigh office and moved jobs to Red Hat, is cutting 14,000 workers

Posted by WRAL TechWire | Oct 19, 2023

Nokia, which has an office in Raleigh and earlier this year moved more than 300 jobs to Red Hat, will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it says in a statement. Here’s what we know.

NC paper mill workers face layoffs – the latest in job cuts at paper, furniture, meat & textile firms

Posted by WRAL TechWire | Oct 18, 2023

International Paper, which supplies about 20% of all paper in the United States, said Wednesday it would close one of its two pulp machines near Wilmington, and lay off 200 workers. The cuts are the latest to hit North Carolina paper, textile, furniture and meat plants.

‘Required Attendance: R&D Role Reductions:’ How LinkedIn told employees about layoffs

Posted by WRAL TechWire | Oct 17, 2023

Editor’s note: In two memos, management at LinkedIn gave its reasoning for nearly 700 layoffs. Here are the memos – a shorter one at LinkedIn’s web site and a longer one obtained and first published by CNBC: ‘Difficult, but necessary and regular part of managing our business’ Talent changes...

LinkedIn is cutting hundreds more jobs despite growing revenues

Posted by WRAL TechWire | Oct 17, 2023

LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday.