Dish Network plans to lay off more than 500 employees, as part of a major cost reduction plan at the satellite TV provider, and as lingering recession fears prompt large companies to cut costs (see Forbes’ layoff tracker from the first quarter here). San Francisco-based Twist Bioscience will slash 25% of its workforce (estimated to affect 270 employees), the San Francisco Business Journal reported. Red Hat, a Raleigh, North Carolina-based software manufacturer, started cutting 4% of its workforce, multiple outlets reported, with cuts estimated to affect roughly 760 of its 19,000 employees, according to PitchBook. Redfin cut 200 employees “due to the housing downturn and economic uncertainty,” the Seattle-based company confirmed to Forbes, following two rounds of layoffs over the past year, including one in November affecting 862 employees. (Redfin has more than 5,500 employees, according to PitchBook.)

Source: Forbes November 09, 2023 10:10 UTC