By Michael Grothaus February 27, 2023 It’s been another brutal month for workers in the tech and media industries. The month started with Disney announcing 7,000 job cuts and News Corp. announcing 1,250 of its own. Tech company job cuts also piled on in early February with the likes of Dell, eBay, Zoom, Yahoo, … Continue reading Mass layoffs continue in tech, this time led by Ericsson and Twitter
By Jennifer Alsever February 24, 2023 Tech companies laid off more than 108,000 people in the past two months, amid an economy marked by severe labor shortages that for the past two years put employees firmly in the driver’s seat. Now some workers speculate that the job cuts could be a veiled power grab … Continue reading Tech layoffs: Are they a necessary evil or a control tactic for bosses to regain power?
By John Kaag February 23, 2023 You did not get laid off. Really. Okay—maybe it feels like you did. And maybe you aren’t receiving a paycheck anymore. And you don’t have to go to the office. And the dishes are piling up in the sink in unnatural ways. But I’ve spent a large part of my … Continue reading Why getting laid off hurts so much, according to a philosophy professor
By Grace Carroll February 15, 2023 Lately, it feels like the word on everyone’s mind is “layoffs.” The wave of tech and finance companies joining the 6% club has big implications for markets, industries, and the economy at large. But layoffs also have an important emotional dimension—one that often gets lost in the discourse. … Continue reading Getting laid off is not your fault. Here’s why it’s crucial to believe that
By Michael Grothaus February 14, 2023 Elon Musk’s Valentine’s Day gift this year from Tesla workers in New York is a unionization effort. The effort is led by Autopilot analysts at the company’s Buffalo plant. The analysts make up about 800 employees who work in non-engineering roles and label data from the company’s Autopilot … Continue reading Tesla workers in New York want to unionize: ‘People are tired of being treated like robots’
Meta is laying off more than 11,000 employees Karissa Bell @karissabe Meta is reducing the size of its workforce by about 13 percent and letting more than 11,000 of its employees go in the first mass layoffs in the company’s history. Mark Zuckerberg has announced the move in a message to employees, which Meta … Continue reading Meta reportedly plans more job cuts
By Michael Grothaus February 10, 2023 On Thursday evening, Axios reported that Yahoo is set to lay off more than 1,600 of its employees. Yahoo’s job cuts equate to over 20% of its workforce and Axios reports that the cuts will hit Yahoo’s ad-tech division hard—with 50% of ad-tech employees set to be let … Continue reading Nearly 20,000 jobs lost in another week of brutal mass layoffs for tech and media
By Michael Grothaus February 09, 2023 Tech companies aren’t the only ones seeing mass layoffs. America’s premier entertainment giant, the Walt Disney Company, has announced it will lay off 7,000 of its workers in an effort to cut $5.5 billion in costs. Disney CEO Bob Iger, who only returned to the helm last November, … Continue reading Disney is cutting 7,000 jobs in a cost-saving blitz as traditional TV faces an existential crisis
Yahoo Lays Off 20% Of Workforce, Shuts Down Native Ad Platform Gemini by Laurie Sullivan @lauriesullivan, February 9, 2023 Yahoo is not getting out of the ad-tech business, but it is laying off more than 20% of its workforce. The move is part of a major restructuring of its ad-tech unit.The cuts will impact more … Continue reading Yahoo Lays Off 20% Of Workforce, Shuts Down Native Ad Platform Gemini
By Michael Grothaus February 06, 2023 It may be a new month, but the news hasn’t gotten any better when it comes to the tech sector. Since the end of 2022, nearly all major players in the tech industry have announced job cuts in order to reduce costs amid a feared economic slowdown and … Continue reading Tech’s mass layoffs continue as Dell plans to slash over 6,600 jobs: Report
