Latest layoffs: Companies making cuts

After several months during which both mass layoffs and hiring have neared record levels, private-sector data points to a labor market that could be starting to normalize. Companies that have been plagued by staff shortages are having an easier time hiring, The Financial Times reports, even as other sectors remain under pressure to prune costs.

The LinkedIn News team continues to have an eye on industries that are hiring, as well as on the latest job cuts below. If you’ve been impacted by a layoff, find our best tips here.

Layoffs making headlines this past week:

The autonomous truck group Embark Trucks is laying off 70% of its staff and closing two of its offices. The company said the remaining 30% will "focus on winding down operations."On the heels of its first profitable year in 2022, Airbnb laid off 30% of its recruiting staff (0.4% of its total headcount of 6,800).Zscaler, a provider of cybersecurity tools that has doubled its headcount over the past 18 months, says it will restructure and cut 177 jobs — about 3% of its 5,900 employees.

LinkedIn members are posting about layoffs at Truckstop, Orchard Homes, The Topps Company, Abnormal Security, Celonis and Rightpoint.Citigroup is laying off hundreds of staffers across its investment banking, operations, IT and mortgage teams, Bloomberg reports, citing anonymous sources. The cuts affect less than 1% of Citi's staff of 240,000.Qurate, which owns QVC and HSN, let go of 400 people employed by the television-shopping networks.About a dozen people, including longtime staffers, have been let go from CNET.

New leadership at Bridgewater reportedly intends to cut 100 jobs as part of a hedge fund-wide reorganization.Wheels Up said it hopes to save $30 million via cost-cutting efforts and layoffs, though the aviation company has not yet said how many will lose their jobs.A 2,600-person workforce reduction at BASF was expected to mostly affect European workers, but LinkedIn posts suggest U.S.

workers are also feeling the German chemicals giant's cuts. Two months after being acquired by Bending Spoons, note-taking app Evernote is losing 129 employees to layoffs. Instead of adding 1,000 workers in 2022 as planned, Yellow.ai has now conducted its second round of layoffs in six months, leaving the conversational startup 15% smaller than it was six months ago.Sonder, which once had a valuation of $2 billion, has let go of 100 people, or 14% of its headcount.

The short-term rentals startup previously shed 21% of corporate staff and 7% of frontline staff last June.In a second round of 2023 job cuts, Alphabet's Waymo has laid off 137 employees, bringing its personnel losses for the calendar year to 8%.Everyday Robots, another subsidiary of Google's parent company, was shut down.

It's not known how many of the unit's 200-plus staff members were laid off — only that both humans and robots lost their jobs.Despite CEO Julia Hartz's assertion in 2022 that live events are "recession-proof," Eventbrite is implementing a workforce reduction of 8% and relocating 30% of roles to Spain and India.General Motors is reportedly eliminating 500 executive-level and salaried positions, even though CFO Paul Jacobson said no layoffs were planned as recently as January.MeridianLink, which creates lending software for financial institutions, is shrinking the size of its team by 9%.

ThoughtWorks confirmed to TechCrunch what several former employees had shared on LinkedIn: The Chicago tech consultancy has laid off 500 workers, or about 4% of its workforce.Gaming company Electronic Arts is said to have let go of more than 200 quality testers in its Baton Rouge, Louisiana office.

Farm tech startup Indigo Ag eliminated 150 jobs in Memphis, Boston and North Carolina.Layoffs at Micron, which got underway in February, will be much larger than anticipated. The Boise-based chipmaker and Idaho's largest for-profit employer is cutting 15% of its 49,000-person workforce — more than 7,200 people — after previously saying 10%.See which companies cut jobs in February here.