Software firm Oracle on Thursday laid off hundreds of employees, rescinded job offers and cut open positions within its healthcare unit, Insider reported, citing three people familiar with the matter. He layoffs follow thousands of cuts in companies America while businesses struggle with high levels of inflation and rising interest rates. Oracle’s healthcare unit includes … Read more
Amsterdam: Dutch healthcare technology company Phillips said on Monday it would cut 6,000 jobs to restore its profitability after the withdrawal of respiratory devices which wiped out 70 percent of its market value. Half of the job cuts will take place this year, the company said, adding that the other half will take place by … Read more
The company that makes NordicTrack exercise bikes promised bonuses and raises to employees after laying off hundreds earlier this month, sparking outrage from laid-off workers, with some refusing to sign their severance agreements, it has learned. The Post. Ifit – what as arch rival Peloton has been hammered as the pandemic-driven surge in demand for … Read more
NordicTrack maker iFit Health & Fitness has cut 300 more jobs as the Salt Lake City, Utah-based company continues to reel from a post-pandemic change in habits. The cuts announced Monday were the fifth round of layoffs since the end of 2021, cutting ranks to 1,300 from 2,500, according to the Salt Lake Grandstand. Pink … Read more
Peloton CEO John Foley said in an email Tuesday that the 2,800 employees the company has laid off in North America will receive free fitness classes for 12 months as part of their severance package. The Peloton membership, which typically costs $40 a month, is in addition to more typical layoff measures that include cash … Read more