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This was according to a memo sent by CEO Bob Iger, who said last month the company planned to cut $5.5 billion in costs, including $3 billion in content spend.

Checkr Cuts 32% of Workforce Checkr, a 10-year-old startup that offers employee background checks, has laid off 382 employees, according to a report from TechCrunch .

Resources for Reporters Whether you need summary data from our cutting-edge research, or in-depth interviews with workplace experts who can translate complex ideas into cogent quotes, WorldatWork is your go-to resource.

The types of compensation affected by cuts include: ;Bonuses (61%); ;Equity or stock awards (60%); ;Raises (59%); ;Benefits (53%); ;Base salaries (43%); According to the report, many organizations that are cutting compensation or using layoffs to fund AI are planning to take a flat, across-the-board approach to raises in 2026, sometimes referred to as “peanut butter raises,” rather than tying compensation to individual performance.

Ride-share technology company Lyft said it’s cutting 13% of staff, or nearly 700 jobs, to reduce costs and get ahead of choppy economic conditions, the Wall Street Journal reported .

The planned cuts will eventually reduce the company’s workforce by about 17,000.

Every Experian role is benchmarked at least annually using external, employer-reported compensation survey sources — considering both general and industry-specific survey cuts.

Job Cuts Announced at Amazon, UPS On Wednesday, Jan. 28, Amazon confirmed a second round of job cuts as the tech giant pushes for AI and efficiency.

“The employees that are represented by a union get to vote on whether to ratify a contract reached by the union at the table,” he said, adding that employees are understandably loath to ratify any pay cuts.

Tesla to Cut 10% of its Global Workforce Tesla is laying off more than 10% of its global workforce, according to a Reuters report .