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
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
By Sam Becker January 05, 2023 If you’ve ever felt trapped or otherwise burned by an employer’s noncompete clause, now is your chance to let the government know. The Federal Trade Commission (FTC) is proposing a new rule that would effectively ban employers from utilizing noncompete clauses, which, the FTC estimates, would increase wages … Continue reading Want the freedom to switch jobs without worrying about a noncompete clause? Tell the FTC
By Shalene Gupta December 06, 2022 Gone are the days when your job made up the bulk of your identity. Thanks to remote work, you can now run into lawyers/artists, and tech workers/writers. According to a survey of over 585 Americans by venture capital firm Worklife, 70% of employees picked up a side project … Continue reading Our day jobs used to be our identities, but not so much anymore. Here’s what changed
By Michael Grothaus November 04, 2022 The nonstop drama that’s been going on at Twitter all week is ending on a very real, very sour note. Today, Elon Musk’s company began sending layoff notices to roughly 50% of Twitter staff. As Bloomberg reports, at 7,500 employees (November 26, 2022), that means Musk is set … Continue reading Tech layoffs latest: Twitter, Lyft, Stripe, and others join the list of companies cutting jobs
By Shalene Gupta October 13, 2022 Inflation rose by 9% this June as salaries increased by only 5%. Meanwhile, the housing market is down and employees everywhere are taking stock of their wallets and budgets. Joblist, an AI-powered job search platform, conducted a study of 19,000 job seekers across the United States to get … Continue reading ‘Quiet quitting’ isn’t the problem. Exhausted workers are just too afraid to leave their jobs
Meta’s revenue shrank for the first time in its history And Meta’s Reality Labs cost the company almost $3 billion last quarter. N. Ingraham Carlos Barria / reuters Facebook parent company Meta has just reported its earnings for the second quarter of 2022, and it was another quarter of shrinking profits. Total revenue of $28.8 … Continue reading Dozens of Facebook contractors lost their jobs after an algorithm reportedly chose them ‘at random’
By Anisa Purbasari Horton August 17, 2022 It seems like everyone is burning out from work. The backlash against hustle culture, the trend of “quiet quitting,” and the Great Resignation indicate that more and more employees are unwilling to make their careers the center of their lives. The pandemic caused many to reevaluate what … Continue reading How to recover from burnout if you can’t change jobs or take time off
By Adrienne Russman and Lauren Paul July 29, 2022 In response to the recent decision by the Supreme Court that has allowed a growing list of state-level anti-abortion laws, a growing list of employers—from large corporations like Amazon to smaller companies like Patagonia—have announced that they will help their employees pay for travel expenses related … Continue reading What we lose when our jobs are the only safety net
