Layoffs
Thanksgiving week massacre at HP: 4,000+ sacrificed to the Mechanical God
HP ($HPQ) will be cutting between 4,000-6,000 jobs in its big Thanksgiving week push (10% of staff) in order to “streamline operations” for its “AI push.” This is on top of 1,000 already affected by cuts last February.
HP says the move will save over $1bil over the next three years.
HP to Cut Up to 10% of Workforce as Part of AI Push
Thanksgiving week layoffs at McKinsey
McKinsey has announced 200 job cuts of tech workers due to AI “enabling unprecedented levels of opportunity and impact for us and our clients.”
Sadly, the Mechanical God couldn’t pick a better week to make this announcement for those impacted workers.
McKinsey Cuts About 200 Tech Jobs, Shifts More Roles to AI
More layoffs at Barbie HQ
Barbie’s house just shrank. Toymaker Mattel is chopping 89 marketing and design jobs at its El Segundo headquarters, starting January 12, 2026, as it carves up its global brands team into a new “brand-centric” structure that’s supposed to save $200 million by 2026. This round is on top of the 120 shed last March. The toymaker says it’s about strategy and efficiency; for the staff laid off, it’s just another round of corporate make-believe where the brands live on and the people get boxed up and sent home.
Mattel laying off 89 workers in brand restructuring
Hats off at Fanatics Tampa distribution center
Sports apparel giant Fanatics is announcing it will shutter its Oak Creek distribution center next year and shift the work to a newer, “more advanced” Tampa facility. The warehouse came with Fanatics’ 2017 Majestic acquisition; now it’s being written off as not up to the company’s latest “scale and innovation” story. Layoffs start March 1 and run through July 31, with workers offered severance, job fairs, and the chance to apply for roles at other Fanatics sites.
Fanatics closing facility near Tampa, laying off 286 employees
Laying (off) Pipe
Once valued at 2 billion, fintech company Pipe is laying off around 50% of its staff. The alternate title was: half-Pipe.
US fintech Pipe drastically reduces workforce, reportedly by 50%
Days after laying off 10%, Vimeo acquired for $1.38 billion
Just one week after CEO Philip Moyer took to Linkedin to spin the company’s decision to axe 10% of its workforce, Vimeo is being sold off. The struggling video platform is getting scooped up by European app developer Bending Spoons in an all-cash deal valued at $1.38 billion.
On paper, the acquisition looks rich: a 70% premium to Vimeo’s battered stock price. But investors who bought into the hype at its 2021 IPO won’t be celebrating. Even with today’s 60% pop, shares are still down nearly 85% from their debut.
For laid-off employees and long-suffering shareholders, the sale feels less like a comeback story and more like the last gasp of a once-hyped platform that never lived up to its promise.
In its article about the acquisition, TechCrunch points out why Vimeo employees shouldn’t be popping champagne for their salvation. Bending Spoons’ playbook is simple—buy broken companies (see: Evernote, WeTransfer) and then slash jobs and features until there’s nothing left but a logo.
Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal
Scope3 snipes an undisclosed number
This company has been in our sights for awhile… Carbon emissions auditor digital advertising middleman Scope3 is laying off an unknown number of employees, and a few are leaving of their own accord according to Adweek.
On the same day the news broke, LinkedIn inflencer company CEO, Brian O’Kelley, took to LinkedIn to post about broken demos and one of his new commercial hires (Archive)…
EXCLUSIVE: Scope3 Lays Off Staff as Part of Shift Toward Agentic Advertising
Rivian sheds 200 in run-up to new car’s launch next year
With a $7,500 tax credit set to expire this month and before the launch of its newer, cheaper SUV (the R2), Rivian is axing 200 employees (~1.5% of its workforce). This is on the heels of a quarter that saw the company lose 1.1 billion, a tremendous acceleration of the $650mm that it burned the quarter before that (and the $660mm the quarter before that). Riv says it has enough cash to see it through to the launch of the R2 in the first half of next year and with 7 bil in the bank, they may be right… for now.
EV Maker Rivian Lays Off Workers as It Preps Launch of Cheaper SUV
Miro slashes workforce by 275
Online whiteboarding tool Mira is dry-erasing 275 people from its workforce (18% of total) according to The Information. The company’s last valuation was 17.5 bil and has an annual recurring revenue of over $500 million.
In an internal memo, CEO Andrey Khusid had this to say:
“Our internal organizations have become too complex, we have too many layers, some duplications in roles, and candidly, we’re not set up to execute on our strategy with the speed and flexibility that success will require.”
Productivity Startup Miro To Lay Off Roughly 18% of Staff
Vice Media pulls plug on employee town hall meeting after onslaught of “thumbs down” emojis
The embattled “news organization” was holding a town hall where chief content officer Cory Haik was giving an update on a recent round of layoffs when the angry “thumbs down” emotes started flooding the stream from disgruntled employees.
That’s when CEO Bruce Dixon cut in–while Haik was still talking–to say “It’s impossible to ignore the emojis from our side. And I think we’re going to organize this in a way where we can actually give the information to people who want to receive it in the way it’s meant,” he continued. “Thank you for your time and your presence in terms of trying to explain that. I think let’s progress with our own town halls on this. Thank you for all the questions we have received, we’ll do our best to answer those in a forum that makes sense for this company.”
It’s a “Bold New Chapter” at Macy’s (read: they’re laying off employees and closing 150 stores)
Following last month’s announcement that it was showing 2,350 employees the door, the struggling company today announced that it will close 50 “underperforming” stores this year, and 100 in 2025.
They are calling it “A Bold New Chapter” in a press release that features all of the typical corporate speak: unlocking shareholder value, challenges status quo, strong call to action.
Last month, the company received and rejected an unsolicited $6 billion offer from Arkhouse Management. Maybe they shouldn’t have been so hasty at rejecting challenges to the status quo…
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