US, Canadian companies kick off 2024 with massive layoffsCompanies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs. * Salesforce is laying off about 700 employees, or roughly 1% of its global workforce. * Canada’s BlackBerry plans more layoffs, in addition to about 200 job cuts in the prior quarter. MEDIA* Walt Disney’s Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows. FINANCIAL SERVICES* PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce this year.

Source: Daily Nation March 08, 2024 02:34 UTC