Amazon Reportedly Plans To Cut 10,000 Jobs—Here Are The Biggest U.S. Layoffs This Year

Amazon is planning on chopping tens of 1000’s workers, in response to the New York Instances, in what can be the largest spherical of layoffs within the historical past of the corporate—making it the newest main agency to chop jobs this 12 months as many employers concern rising inflation might slide the economic system into recession.

Nov. 14, 2022Amazon plans to put off as many as 10,000 workers in company and expertise roles starting as quickly as this week, in response to the New York Instances, with nameless sources saying the layoffs will principally goal the corporate’s units group—which develops the model’s well-known voice-assistant Alexa—together with the retail and human sources divisions (the variety of jobs being diminished stays in flux, the Instances famous).

Nov. 11, 2022Disney advised executives it plans to implement “a focused hiring freeze” and anticipates job cuts, in response to CNBC, after reporting quarterly losses earlier this week, although it’s not clear what number of workers can be affected by the adjustments.

Nov. 11, 2022Juul introduced the layoffs, that are anticipated to have an effect on roughly 30% of its workforce, the Wall Avenue Journal reported, because the embattled firm secures extra funding from buyers to keep away from chapter two months after it agreed to pay $438 million to settle a lawsuit from 33 states and Puerto Rico into claims the corporate marketed its merchandise to youngsters, and because the firm appeals the Meals and Drug Administration’s ban on the sale of its vaporizers.

Nov. 10, 2022Barclays began shedding roughly 200 workers in its banking and buying and selling departments this week, sources advised Bloomberg, whereas Citigroup is chopping 50 buying and selling workers, CNBC reported, following the lead of Goldman Sachs, SoftBank and Wells Fargo, which all applied main job cuts earlier this 12 months (Barclays and Citigroup didn’t instantly reply to requests for remark from Forbes).

Nov. 9, 2022Redfin introduced in a Securities and Alternate Fee submitting it might lower 13% of its employees (862 workers), whereas one other 218 workers whose roles had been eradicated can be given new positions within the firm—its second spherical of layoffs in current months following its choice to chop 8% of its employees in June as mortgage charges continued to climb, leaping to a 22-year excessive.

Nov. 9, 2022Mark Zuckerberg, the CEO of Fb, Instagram and WhatsApp guardian firm Meta, confirmed the social media firm will lay off 13% of its workforce (11,000 workers) on Wednesday, blaming its low income on “macroeconomic downturn” and “elevated competitors”—making it one of many largest rounds of cuts for a serious tech firm thus far this 12 months, following a hiring freeze introduced in September.

Nov. 8, 2022Salesforce lower fewer than 1,000 workers on Monday, a supply acquainted with the transfer advised CNBC, and it’s reportedly planning to put off roughly 2,500 of the corporate’s 72,223 workers (roughly 3.5% of its workforce, in response to Pitchbook) for “efficiency points,” Protocol reported, citing an trade supply and a former worker.

Nov. 8, 2022Zendesk is planning to put off roughly 350 workers, together with 84 in California, SF Gate and the San Francisco Chronicle reported, citing a tweet from a member of San Francisco’s Board of Supervisors referencing the corporate’s submitting of a Employee Adjustment and Retraining Notification discover filed final week (Zendesk didn’t instantly reply to a Forbes inquiry).

Nov. 2, 2022On-line monetary companies firm Chime will lay off 12% of its employees, with the cuts anticipated to have an effect on 160 of the corporate’s 1,300 workers, a spokesperson advised CNBC, because the San-Francisco-based on-line banking and monetary companies firm makes an attempt to recapitalize “no matter market situations,” in response to an inner memo obtained by TechCrunch.

Nov. 3, 2022Rideshare big Lyft will reportedly lay off 13% of its employees, in response to a letter from firm officers obtained by CNBC, with job cuts affecting roughly 650 workers (13% of its employees of roughly 5,000, not together with its contracted drivers), marking the corporate’s second spherical of layoffs this 12 months, after it laid off 60 staff in July (Lyft didn’t instantly reply to an inquiry from Forbes).

Nov. 3, 2022Stripe introduced plans to chop 14% of its workforce (roughly 1,120 of its 8,000 positions as of October, in response to PitchBook) as the net monetary companies firm contends with “cussed inflation, power shocks, increased rates of interest, diminished funding budgets and sparser startup funding,” after the corporate “overhired” and “underestimated each the chance and affect of a broader slowdown,” CEO Patrick Collison introduced in an announcement to workers.

Nov. 3, 2022Billionaire Elon Musk reportedly plans to chop roughly 50% of Twitter’s 7,500 workers, a number of shops reported Thursday—one week after the world’s richest man took over the corporate, with earlier stories indicating he might lay off 25% and as a lot as 75% of the workforce, though Musk has walked again on that authentic quantity.

Nov. 2, 2022In a weblog put up launched Wednesday, Opendoor CEO Eric Wu blamed the corporate’s job cuts, which have an effect on 18% of its workforce, on “probably the most difficult actual property market in 40 years” and a “want to regulate our enterprise”—because the housing market continues to chill within the wake of rising inflation and the Federal Reserve’s 4 rounds of rate of interest hikes this 12 months.

Nov. 1, 2022Upstart’s layoffs are anticipated to have an effect on roughly 7% of the cloud-based AI lending firm’s workforce, with cuts primarily amongst workers who work in mortgage purposes, a spokesperson confirmed to Forbes, saying the transfer comes “given the difficult economic system.”

Oct. 28 ,2022Zillow, the Seattle-based on-line actual property firm, plans to let go of 300 staff (roughly 5% of its practically 5,800 workers), TechCrunch reported, practically a 12 months after it introduced plans to put off one other 2,000 workers.

Oct. 26, 2022Seagate Know-how CEO Dave Mosley mentioned the cuts, estimated to have an effect on 8% of the info storage firm’s workforce, comply with “international financial uncertainties” and diminished demand, as the corporate’s shares plummet to $53.69 from a peak of $117.67 in January.

Oct. 25, 2022Manufacturing big Philips unveiled plans to put off roughly 4,000 staff amid a “worsening macroeconomic atmosphere,” with the cuts anticipated to have an effect on greater than 5% of the corporate’s workforce in each the Netherlands—the place the corporate is predicated—and the USA.

Oct. 22, 2022Vacasa’s layoffs have an effect on roughly 3% of the corporate’s workforce, primarily in its company divisions, Skift reported—its second spherical of cuts this 12 months following its choice to let go of 25 gross sales workers in July—a spokesperson advised Skift the corporate is making an attempt to “optimize our sources and groups to be environment friendly and align with our priorities.”

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Oct. 19, 2022Philadelphia-based supply startup Gopuff laid off as many as 250 workers in its third spherical of layoffs this 12 months, unnamed sources advised Bloomberg, after chopping roughly 400 in March and 100 in January—an organization spokesperson advised Forbes the current cuts are a part of a ten% discount introduced over the summer season.

Oct. 18, 2022Microsoft’s cuts will have an effect on lower than 1% of its 180,000 staff, a spokesperson advised CNBC, three months after the Redmond, Wash.-based tech firm introduced it might slash one other 1% of its workforce, with the cuts coming within the firm’s fashionable life experiences group—a Microsoft spokesperson advised Forbes the corporate will “consider our enterprise priorities frequently and make structural changes accordingly.”

Oct. 14, 2022HelloFresh, which took off throughout pandemic-related shutdowns, lower 611 staff staff and shut down a California manufacturing facility this week as the corporate focuses on “newer, extra environment friendly websites,” an organization spokesperson advised Enterprise Insider.

Oct. 14, 2022Past Meat introduced it is going to lay off 19% of its workforce, because the California-based firm struggles with a decline in demand for plant-based meats pushed by inflation as customers go for cheaper options, firm officers mentioned.

Oct. 14, 2022Nevada-based actual property valuation agency Clear Capital introduced plans to chop 27% of its international workforce (roughly 378 workers), TechCrunch reported, together with 108 workers at its California workplace.

Oct. 13, 2022Oracle is shedding 201 workers, in response to a number of shops, citing paperwork filed to the state’s Employment Growth Division, two months after the corporate began shedding an undisclosed variety of its estimated 143,000 workers, as half of a bigger plan to chop 1000’s, The Data reported.

Oct. 12, 2022Intel might reportedly lower 1000’s of workers, together with roughly 20% in its gross sales and advertising departments, Bloomberg reported citing unnamed sources acquainted with the proposal, following a disappointing firm monetary forecast in July it blamed on a “sudden and fast” financial decline, whereas its shares shrank by greater than half over the previous 12 months, to $25.04.

Oct. 11, 2022Brex’s job cuts have an effect on 136 workers, bringing its employees to roughly 1,150, as the corporate adjusts to a “new macro atmosphere” that “warrants a brand new stage of focus and monetary self-discipline,” CEO Pedro Franceschi wrote in a weblog put up.

Oct. 6, 2022Peloton’s layoffs, which have an effect on roughly 12% of the corporate, come two months after a memo to workers obtained by Bloomberg revealed the train gear maker lower practically 800 jobs, and introduced plans to close shops and lift costs for its Bike+ and Tread machines.

Sept. 29, 2022SoftBank is prepping to chop a minimum of 150 of the five hundred staff employed by the Imaginative and prescient Fund, the Japanese conglomerate’s enterprise capital arm, which might would have an effect on roughly 30% of employees, in response to Bloomberg, a transfer that SoftBank’s billionaire founder and CEO Masayoshi Son hinted eventually month after a file $23 billion quarterly loss (it’s unclear whether or not the layoffs will have an effect on workers on the Lond0n-headquartered fund’s two U.S. places in Silicon Valley and Miami).

Sept. 28, 2022San Francisco-based digital signature firm DocuSign will lay off 9% of its greater than 7,400 workers (roughly 670 workers), the corporate introduced in a Securities and Alternate submitting Wednesday, saying the cuts are mandatory to make sure we’re capitalizing on our long-term alternative and organising the corporate for future success.”

Sept. 26, 2022Wells Fargo reportedly introduced plans to put off 36 workers, bringing the financial institution’s whole layoffs since April to greater than 400, Iowa CBS affiliate KCCI reported, following the banking big’s choice earlier this month to chop roughly 75 in its house mortgage division (Wells Fargo didn’t instantly reply to an inquiry from Forbes).

Sept. 21, 2022In the same transfer, Google additionally alerted about 50 workers—roughly half of these employed on the agency’s startup incubator Space 120—they should discover a new inner position inside three months in the event that they need to keep at Google, the Journal reported.

Sept. 21, 2022Clothes outlet Nordstrom plans to put off 231 workers at an Iowa distribution middle beginning subsequent month, native ABC affiliate KCRG reported, citing a spokesperson who mentioned the transfer is critical to “higher align with the present wants of our enterprise” (Nordstrom didn’t instantly reply to an inquiry from Forbes).

Sept. 20, 2022Hole might lower as many as 500 company jobs from its workplaces in New York and San Francisco, in addition to workplaces in Asia, unnamed sources advised the Wall Avenue Journal on Tuesday (A Hole spokesperson confirmed the layoffs to Forbes however wouldn’t present additional element).

Sept. 16, 2022AbbVie reportedly introduced plans to put off 99 workers whereas Bristol Myers Squibb plans to chop 261, in response to state filings seen by Endpoints Information, making them the newest pharmaceutical corporations to slim down their workforces, following Biogen and Teva, which reportedly lower 300 jobs final month.

Sept. 14, 2022Twilio CEO Jeff Lawson introduced the transfer to chop 11% (roughly 800-900 of the corporate’s practically 8,000 workers) on an organization weblog, saying the workforce grew “too quick” and “with out sufficient focus” over the previous two years.

Sept. 13, 2022Warner Bros. Discovery, which shaped in a merger between the 2 manufacturing giants in April, might reportedly lower “lots of” of advert gross sales workers from the WarnerMedia and Discovery sides of the corporate, Axios reported, citing unnamed sources, as the corporate seems to be to downsize its promoting group representing HBO, CNN, Discovery, Turner and Warner Bros. Leisure, in response to Insider, which additionally spoke to unnamed sources.

Sept. 12, 2022Goldman Sachs often lays off 1% to five% of its staff annually as an element annual efficiency critiques, however suspended this program in the course of the Covid-19 pandemic—the funding financial institution instructed earlier this 12 months it might reinstate the cuts, that are anticipated to be nearer to 1% of staff throughout all sectors and will occur a while this month, the New York Instances reported, citing individuals acquainted with the plans.

Sept. 9, 2022Beaumont-Spectrum, which shaped earlier this 12 months out of a merger between Beaumont and Spectrum, lower 400 company positions because the well being care community struggles with “vital monetary pressures from historic inflation, rising pharmaceutical and labor prices, COVID 19, expiration of CARES Act funding and reimbursement not proportional with bills.”

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Sept. 2, 2022Banking big Citigroup reportedly made layoffs in its house mortgage division {that a} supply advised Bloomberg encompassed fewer than 100 positions.

Sept. 2, 2022SoftBank, the Tokyo-based funding administration big, reportedly plans to chop as much as 20% of the roughly 500 staffers at its Imaginative and prescient Fund three weeks after the fund posted a file loss within the fiscal quarter ending in June.

Sept. 2, 2022Funding banking big Credit score Suisse might reportedly lower as many as 5,000 jobs because the scandal-hit financial institution seeks to turnaround its popularity and cut back prices, in response to Reuters.

Aug. 31, 2022Snap, the California-based developer of cellular app Snapchat, introduced plans to put off greater than 1,200 workers (roughly 20% of its employees), in its second spherical of job cuts this summer season, in response to an inner memo obtained by CNN.

Aug. 31, 2022Mattress Tub & Past unveiled plans to put off 20% of its workforce and take out $500 million in new financing, because the struggling retail big closes 150 “lower-producing” shops amid persevering with points with low gross sales.

Aug. 31, 2022VF Company, the guardian firm of manufacturers akin to Vans, Timeberland and the North Face, reportedly lower 300 workers and eradicated 300 open positions (lower than 1% of its international workforce), with CEO Steve Rendle writing in an inner letter to workers obtained by the Denver Enterprise Journal that the cuts come amid an atmosphere that may “probably proceed to be marked by volatility” (VF confirmed the layoffs to Forbes however wouldn’t present additional particulars).

Aug. 30, 2022Snap CEO Evan Spiegel introduced in an organization memo that the corporate will lay off 20% of its than 6,400 staff (1,280 workers), the Verge reported, saying the corporate is going through a “decrease fee of income progress”—the corporate’s inventory worth has plummeted practically 80% since earlier this 12 months.

Aug. 26, 2022On-line mortgage lender Higher.com reportedly introduced its third spherical of layoffs this 12 months and its fourth prior to now 12 months, shedding near 250 workers, an unnamed employee advised TechCrunch—bringing the corporate’s whole layoffs since December to roughly 4,000 as the corporate struggles amid a precipitous downturn within the housing market (Higher.com didn’t instantly reply to an inquiry from Forbes).

Aug. 25, 2022Synthetic intelligence startup DataRobot interim CEO Debanjan Saha introduced the Boston-based firm’s second spherical of job cuts since Might in a transfer “to adapt to altering market dynamics,” and although the corporate didn’t specify the variety of workers leaving, LinkedIn reported it is going to have an effect on 26% of its employees, which, in response to the positioning TechTarget, would imply roughly 260 of its 1,000 workers.

Aug. 25, 2022Tennessee-based trucking firm U.S. Xpress lower 5% of its company workforce, a spokesperson confirmed to native ABC affiliate WTVC, bringing its whole layoffs this summer season to roughly 140, following a spherical of cuts in Might that slashed one other 5% of the corporate’s company employees, reported on the time to be round 70 workers.

Aug. 22, 2022Ford introduced it is going to let go about 3,000 workplace and contract workers because the carmaker strikes to chop spending because it transitions to producing electrical autos, in response to the Wall Avenue Journal.

Aug. 19, 2022Boston-based on-line furnishings retailer Wayfair slashed 870 jobs (practically 5% of the corporate’s 18,000 workers), in response to an inner memo from CEO Niraj Shah obtained by the Boston Globe, which said the corporate was rebuilding after the Covid-19 pandemic however that their “group is just too giant for the atmosphere we at the moment are in.”

Aug. 18, 2022Software program firm New Relic laid off 110 workers, together with 90 within the U.S. (roughly 5% of its workforce), CEO Invoice Staples posted in an announcement on the corporate’s web site, writing the cuts are important in mild of “present info on progress developments and market expectations.”

Aug. 16, 2022Philadelphia-based Audacy, the second greatest radio firm in the USA, lower 5% of its workforce (estimated to be roughly 250 workers), Inside Radio reported, with CEO David Area saying the cuts come “in mild of present macroeconomic headwinds.”

Aug. 16, 2022Apple, the world’s Most worthy firm, laid off 100 contracted recruiters amid a hiring slowdown, Bloomberg reported (Apple didn’t reply instantly to an inquiry from Forbes).

Aug. 15, 2022HBO Max lower 70 jobs (14% of its workforce) in a cost-cutting effort that comes 4 months after Discovery’s $43 billion acquisition of HBO Max guardian firm WarnerMedia, and every week after the corporate introduced plans to mix the streaming service with Discovery+ as quickly as subsequent 12 months, Deadline reported.

Aug. 12, 2022Texas-based house well being companies firm Signify Well being laid off 489 workers, a cost-cutting transfer that comes weeks after well being care big CVS made a bid to buy the corporate, a number of shops reported.

Aug. 11, 2022Meditation app Calm CEO David Ko introduced plans to put off 90 workers (20% of the corporate’s workforce) in a memo to workers, saying, “we as an organization usually are not proof against the impacts of the present financial atmosphere.

Aug. 10, 2022California tech startup Nutanix introduced plans to chop 270 (4% of its workforce) by the tip of October, in response to a Securities and Alternate Fee submitting, in an effort to cut back bills.

Aug. 10, 2022Quick informal salad store Sweetgreen lower 5% of its company workforce, attributing firm losses to a sluggish return to the workplace and lingering Covid-19 circumstances, in a convention name, CNBC reported.

Aug. 9, 2022Web site design firm Wix.com made its second spherical of layoffs this 12 months, chopping 100 workers as firm President and COO Nir Zohar advised Israeli newspaper Calcalist, “the world has skilled an financial disaster and we have now seen U.S. GDP fall with out progress.”

Aug. 9, 2022Canadian social media administration firm Hootsuite reportedly introduced plans to chop 30% of its estimated 1,000 workers.

Aug. 8, 2022Groupon unveiled plans to put off 15% of its workforce (500 workers), primarily within the firm’s expertise and gross sales departments, with CEO Kedar Deshpande writing in a message to workers obtained by Forbes, “our value construction and our efficiency usually are not aligned.”

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Aug. 8, 2022Snap began shedding an undisclosed variety of its 6,000 workers, following a disappointing earnings report launched final month, The Verge reported, citing nameless sources.

Aug. 5, 2022iRobot, the maker of Roomba, lower 10% of its workforce (140 workers), as the corporate restructures after being bought by Amazon for $1.7 billion, the corporate advised Forbes, including the job cuts weren’t associated to the acquisition.

Aug. 4, 2022California-based online game developer Jam Metropolis laid off between 150-200 workers — roughly 17% of its workforce — VentureBeat reported, stating the cuts come “in mild of the difficult international economic system and its affect on the gaming trade.”

Aug. 3, 2022Walmart—the biggest non-public employer in the USA—plans to chop 200 of its company workers as the corporate seeks to restructure, the Wall Avenue Journal reported, citing nameless sources.

Aug. 2, 2022On-line brokerage Robinhood lower 23% of its employees, with CEO Vlad Tenev citing a drop in buying and selling exercise, excessive inflation and a “broad crypto market crash”—the transfer comes after Robinhood laid off 9% of its full-time workers in April, a set of cuts Tenev says “didn’t go far sufficient.”

July 27, 2022Health firm F45 Coaching laid off 110 workers, or 45% of its workforce, as CEO Adam Gilchrist stepped down.

July 26, 2022E-commerce firm Shopify grew to become the newest firm to put off workers, chopping ties with 1,000 (10% of its workforce), CEO Tobi Lutke introduced, saying skyrocketing demand for on-line purchasing in the course of the pandemic has leveled off, and that the corporate made a wager that “didn’t repay.”

July 22, 2022Boston tech-watch firm Whoop slashed 15% of its workforce, telling the Boston Globe it now has 550 workers (that means it lower near 97) including in an announcement, “given how negatively the macro atmosphere has advanced, we have to develop responsibly and management our personal future.”

July 21, 20227-Eleven, which operates 13,000 comfort shops throughout North America, lower 880 U.S. company jobs, simply over a 12 months after it accomplished a $21 billion deal to buy Speedway.

July 20, 2022Seattle actual property startup Flyhome axed 20% of its employees, reported to be near 200 staff, as the corporate navigates “unsure financial situations.”

July 20, 2022Ford plans to put off as much as 8,000 workers because the automaker seeks to pivot away from gas-powered automobiles and towards electrical automobile manufacturing, Bloomberg reported.

July 19, 2022Vimeo CEO Anjali Sud introduced on LinkedIn the net video firm is chopping 6% of its workforce to “come out of this financial downturn a stronger firm.”

July 19, 2022Ohio-based automated well being software program startup Olive laid off 450 workers, practically 35% of the corporate, as CEO Sean Lane admitted the corporate’s dedication to “act with urgency” led to a hiring spree that proved to be an excessive amount of to deal with, prompting him to “rethink this strategy.”

July 18, 2022Crypto alternate Gemini lower 68 workers—or 7% of its employees—lower than two months after it let go of 10% of its workforce, in response to TechCrunch.

July 14, 2022OpenSea, the New-York based mostly non-fungible token (NFT) firm, introduced in a tweet it laid off 20% of its employees over fears of “broad macroeconomic instability” with the potential of “extended downturn.”

July 13, 2022On-line ordering startup ChowNow laid off 100 individuals, TechCrunch reported, because it reels again from a “giant and impressive” funds it couldn’t meet amid fears a stunted market might gasoline a recession.

July 13, 2022Tonal, the at-home health firm, lower 35% of its workforce amid a worsening “macroeconomic local weather and international provide chain challenges.”

July 12, 2022Tesla laid off 229 workers, primarily in its autopilot division, and shut down its San Mateo, California, workplace, simply weeks after CEO Elon Musk despatched an electronic mail to executives, saying he had a “tremendous dangerous feeling” in regards to the economic system and deliberate to chop 10% of his workforce, Reuters reported.

July 12, 2022Some 1,500 workers on the worldwide supply startup Gopuff had been let go, (10% of its employees) and 76 of its U.S. warehouses had been shut down, in response to a letter to buyers first reported by Bloomberg, as the corporate strikes away from a growth-at-all-costs mannequin.

July 12, 2022California-based mortgage lender loanDepot introduced plans to put off 2,000 staff by the tip of the 12 months, bringing its 2022 layoffs to 4,800 — greater than half of the corporate’s 8,500 workers — because the housing market “contracted sharply and abruptly,” CEO Frank Martell mentioned in an announcement.

July 11, 2022Electrical automaker Rivian unveiled plans to put off 5% of the corporate’s 14,000 workers in areas that grew “too rapidly” in the course of the pandemic and to halt hiring of non-factory staff, in response to an inner electronic mail from CEO RJ Scaringe, Bloomberg reported.

July 7, 2022Actual property agency Re/Max introduced plans to put off 17% of its workforce by the tip of the 12 months, with a objective of bringing in $100 million in annual mortgage-related income by 2028.

June 22, 2022JPMorgan Chase — the nation’s largest financial institution — laid off and reassigned greater than 1,000 of its 274,948 workers, citing rising mortgage charges and elevated inflation.

June 15, 2022Actual property corporations Compass and Redfin introduced plans to chop 10% and eight% of their workforces, respectively, following a 3.4% drop in house gross sales from April to Might, in response to the Nationwide Affiliation of Realtors, amid considerations the as soon as red-hot housing market had cooled.

June 14, 2022Some 1,100 Coinbase workers discovered that they had been launched after dropping entry to their work emails, marking an 18% discount within the crypto firm’s employees — a transfer that CEO Brian Armstrong referred to as important to “keep wholesome throughout this financial downturn” — and a warning signal of a recession and a “crypto winter” after a 10-plus-year crypto growth.

Might 21, 2022Used automobile vendor Carvana CEO Ernie Garcia III despatched an electronic mail to 2,500 workers — 12% of the corporate’s workforce — informing them that they had misplaced their jobs, one week after freezing new hiring, as the corporate embraced for what appeared like a looming recession in automobile gross sales, and stories of a “spendthrift” enterprise type had come again to chew the corporate.

Jean Nicholas

Jean is a Tech enthusiast, He loves to explore the web world most of the time. Jean is one of the important hand behind the success of mccourier.com