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This July 3, 2014, file photo, shows the Microsoft Corp. logo outside the Microsoft Visitor Center in Redmond, Wash. In just the past month of Jan. 2023, there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. (AP Photo Ted S. Warren, File)

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Big tech job cuts keep coming; Dell latest to trim headcount
By MICHELLE CHAPMAN - AP Business Writer
Fri,01/20/23-9:36AM , 33 Reads
The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs.
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Beyond Meat products are seen in a refrigerated case inside a grocery store in Mount Prospect, Ill., Saturday, Feb. 19, 2022. Beyond Meat is cutting about 200 jobs and lowering its full-year revenue outlook as the plant-based meat maker attempts to reduce expenses and become cash flow positive. The company said Friday, Oct. 14, the job cuts, which amount to approximately 19% of its total global workforce, will be mostly completed by the end of the year. (AP Photo/Nam Y. Huh, File)

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Beyond Meat exec departs amid job cuts, slowing sales
By MICHELLE CHAPMAN - AP Business Writer
Fri,10/14/22-6:29AM , 106 Reads
The Beyond Meat executive charged with biting a man's nose during a fight last month left the plant-based meat company Friday amid a larger round of job cuts as the company seeks tries to offset a decline in sales.
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This Nov. 19, 2019 photo shows a Peloton logo on the company's stationary bicycle in San Francisco, Calif. Peloton told employees Thursday, Oct. 6, 2022, that it will cut approximately 500 jobs, or about 12% of its workforce, as post- pandemic sales of its indoor exercise equipment continues to tail off. (AP Photo/Jeff Chiu, File)

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Peloton to cut 500 jobs as turnaround efforts continue
By MICHELLE CHAPMAN - AP Business Writer
Thu,10/06/22-8:43AM , 83 Reads
Peloton is cutting hundreds of jobs in a corporate reorganization of its stalled business as the pandemic-related surge ebbs.

The maker of high-end exercise equipment cut approximately 500 jobs, or about 12% of its workforce, Peloton said Thursday.
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This image released by Sony Pictures shows Brad Pitt, left, and Sandra Bullock in a scene from the film "Bullet Train." (Scott Garfield/Sony Pictures via AP)

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Movie chain Cineworld files for Chapter 11 bankruptcy
By MICHELLE CHAPMAN - AP Business Writer
Wed,09/07/22-11:17AM , 123 Reads
Movie theater operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendance at screenings.
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