Oracle, Pfizer, KPMG Among Firms Announcing Layoffs Oct. 7–8
Companies including Oracle, Pfizer and KPMG announced cuts affecting 2,877 workers across multiple sectors from Oct. 7–8.
Oracle Corporation, Pfizer Inc. and KPMG were among companies that reported workforce reductions between October 7 and October 8, affecting a combined 2,877 employees across multiple sectors, according to company filings and media reports.
Key figures
- Total layoffs reported: 22
- Total employees affected: 2,877
Sectors and notable company actions
-
Information Technology: Four companies in the sector — Magic Leap, Inc., Oracle Corporation, Fair Isaac Corporation, and HubSpot — reported cuts totaling 1,305 employees. Reporting sources include a WARN filing for Magic Leap, Inc., CTech for Oracle Corporation, finance.biggo.com for Fair Isaac Corporation, and CBS News, CTech and CMSWire for HubSpot.
-
Health Care: Three large health-care firms — Kaiser Foundation Hospitals, Becton, Dickinson and Company, and Pfizer Inc. — accounted for 420 worker reductions. Both Kaiser Foundation Hospitals and Becton, Dickinson and Company were reported via WARN filings; reporting for Pfizer Inc. is attributed to Global Banking & Finance Review and Fierce Pharma.
-
Financials: KPMG reported cuts affecting 200 employees, with coverage noted from TechRadar, City AM and People Matters Global.
-
Materials: Cleveland-Cliffs, Inc. reported layoffs impacting 500 employees.
-
Health Care and Social Assistance: Two organizations — Cayuga Home for Children and TH Opco LLC d/b/a Terrace of Hialeah — together reported 188 employees affected; both were reported via WARN filings.
-
Industrials: SYPartners, LLC and ICF International LLC reported a combined 113 employees affected, according to WARN filings.
-
Consumer Discretionary: Reports show Grunt Style, LLC and Starbucks Corporation together affected 148 employees. Reporting for Starbucks Corporation includes KOMO and a WARN filing.
-
Consumer Staples: Blue Diamond Growers reported 3 employees affected.
Reporting and sources
The accounts summarized here were drawn from the reporting noted in company disclosures and media sources: WARN filings with state regulators for multiple employers, media outlets such as CTech, CBS News, KOMO, Global Banking & Finance Review, Fierce Pharma, TechRadar, City AM, People Matters Global, and online reporting compiled by finance.biggo.com. Each layoff count and employee total above reflects the figures provided in those reports for the October 7–8 period.
Details such as regional breakdowns, severance terms, or company statements beyond the reported headcounts were not provided in the source material for this summary.