By Pavithra Mohan Even with summer upon us, there are few signs that companies have stemmed the flow of layoffs that have rocked the corporate world for the past year. In fact, the tech industry seems to be setting new records: This year, employers have cut 200,000 jobs and counting, according to Layoffs.fyi, far … Continue reading Tech layoffs keep coming. Here’s how hiring managers should respond
By Sam Becker May 31, 2023 The economy simply won’t quit—even as 3.8 million workers voluntarily did in April. The latest Job Openings and Labor Turnover Survey (JOLTS) report was released by the Bureau of Labor Statistics on Wednesday, which showed that there were 10.1 million job openings last month, up from 9.7 … Continue reading Despite layoffs and looming recession fears, millions of workers are still quitting their jobs
Spotify is laying off 200 employees from its podcast division Jon Fingas @jonfingas Spotify isn’t done with layoffs this year. The company is cutting 200 jobs in its podcast division, or about 2 percent of its workforce, as part of a “strategic realignment.” Spotify is moving to a more “tailored approach” that optimizes … Continue reading All the big tech layoffs of 2023
By Michael Grothaus May 31, 2023 Layoffs have unfortunately been all too common in 2023. Tech layoffs by far have dominated headlines, with the tech industry cutting over 200,000 jobs since the start of the year, according to data compiled by Layoffs.fyi. Media layoffs have also garnered a lot of attention. But another industry … Continue reading Wall Street mass layoffs continue as Goldman Sachs plans new round of job cuts: reports
By Michael Grothaus May 24, 2023 Updated Wednesday, May 24: Meta Platforms has begun what is expected to be its final round of large layoffs this year, according to reports in Reuters and elsewhere, and posts on social media. The job cuts, part of Mark Zuckerberg’s “year of efficiency,” were expected, as the CEO … Continue reading Meta mass layoffs: Latest round of job losses hits Facebook, Instagram parent company
By Michael Grothaus April 28, 2023 Over the past several months, the tech industry has been hit by mass layoffs at nearly every major company, including Meta, Google, Microsoft, and Amazon, to name a few. And just in the last week alone, Dropbox and Lyft joined the fray with significant staff reductions. But … Continue reading Leaders, your mass layoffs may have an unintended side effect that hurts the company’s bottom line
By Laya Neelakandan April 27, 2023 In a Thursday message to Dropbox employees, cofounder and CEO Drew Houston announced the decision to cut down the company’s workforce by 16%, or 500 employees, blaming AI in forcing a shift in strategies. While the company has been profitable, Houston wrote that growth has slowed, leading some … Continue reading Dropbox layoffs: AI to blame for 16% job cut, CEO says
By Clint Rainey April 25, 2023 It’s easy to wonder if the recent, and in fact very much ongoing, waves of layoffs in tech and finance could be putting knots in these high-paying industries’ hiring pipelines. But not only does data show the number of job openings is up (here’s a report from earlier … Continue reading Mass layoffs haven’t dented pay for tech and finance internships, says Glassdoor
By Michael Grothaus April 20, 2023 It’s not just tech companies that are facing mass layoffs. Earlier this year, entertainment giant the Walt Disney Company announced it would cut 7,000 jobs in a phased layoff comprising three rounds. As CNBC reports, next week will see the second phase of those layoffs begin and it … Continue reading ESPN layoffs: Disney’s second round of job cuts will include some on-air talent
Meta begins its latest round of layoffs Jon Fingas @jonfingas Meta has started the layoffs it announced in March. The company has confirmed that it’s letting go of the first wave of the roughly 10,000 affected employees. CNBC notes that this initial round of job cuts focuses on technical roles, such as software … Continue reading Meta begins its latest round of layoffs
