Innovate Corp Cuts 2K Jobs Amid Restructuring | Venice Beach News

Innovate Corp just axed 2,000 jobs—about 10% of its workforce—in a bid to streamline operations and focus on core products, joining a wave of tech layoffs amid economic uncertainty. While the company restructures departments and ramps up R&D for future tech, affected employees face a tough holiday season. They’re getting severance and outplacement help, but the move raises big questions about the health of the tech industry and its hiring habits. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2e17d024b0d24a90