VENTURE CAPITAL POST

Elon Musk's announcement of layoffs exceeding 10% of Tesla's workforce led to a 1.20% decline in the company's stock during premarket trading, with investors expressing concerns over the decision's impact on the company's stability and future.

Incentives and cashback platform ShopBack cut 24% of its workforce, or 195 jobs, to become more focused and self-sufficient.

Unilever revealed Tuesday its plan to cut 7,500 jobs and split up its ice cream unit, which handles popular brands such as Magnum and Ben & Jerry's, to reduce costs and boost profits.

Middle managers are at risk of being laid off when companies resort to layoffs to save money.

UBS reportedly began cutting off Asia private banking personnel as the largest wealth manager in the region struggled with declining revenues.

U.S.-based employers reported 84,638 job cuts in February, marking the highest level since 2009. Tech led in cuts, while financial firms saw a significant increase.

Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops.

The Body Shop admitted to breaching employment laws by abruptly firing hundreds of employees without notice or compensation, prompting legal action and ethical concerns amid its "restructuring" plans.

Vice Media Group CEO Bruce Dixon informed employees in a memo sent out on Thursday that the company plans to lay off several hundred employees.

Under Jonah Peretti, BuzzFeed's layoffs will be in line with their aligned efforts to keep up with changing market dynamics for a more sustainable model.

PayPal has announced its plan to cut its global workforce by 9% or about 2,500 jobs this year.

New York-based Avon Products Inc is shifting its headquarters to the UK. It's also in the process of reducing headcount by about 2,500 and investing in technology and innovation to enhance sales volume.

Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.

SunEdison Inc., a solar company announced Monday about its plans to optimize its business operations and increase cash flow. This move will include layoffs, according to an internal company memo.

Evernote Corporation had layoff 47 of its workers and closes three of its global offices. Reports confirmed affected locations were in Moscow, Singapore and Taiwan. Evernote CEO Chris O'Neill wrote in the company blog on Tuesday that Evernote had reduced 47 jobs. The company shuts down operation in three offices as well. "Today we let go of 47 people from the Evernote team and announced the closure of three of our global offices. We are grateful for the immense contributions of each and every affected person."