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
By Michael Grothaus April 19, 2023 Meta Platforms is expected to announce a third round of layoffs today, according to reports from Vox and Bloomberg. The layoffs follow two previous rounds of job cuts at Meta, which laid off 11,000 employees back in November and, just last month, announced that an additional 10,000 employees … Continue reading Meta mass layoffs: Another round of job losses will reportedly hit Facebook, Instagram, WhatsApp
By Chris Morris March 16, 2023 Meta’s announcement on Tuesday that it planned to lay off another 10,000 workers and not fill 5,000 job openings rightfully captured most of the attention from Wall Street and onlookers. But buried in Mark Zuckerberg’s latest “year of efficiency” announcement was news of what seems to be … Continue reading Lost in the most recent Meta layoffs? The company’s shift to AI
By Sam Becker March 03, 2023 Amazon is pausing construction on its second headquarters in Virginia—often referred to as “HQ2”—as the company looks to find ways to cut costs, gears up for an anticipated economic slowdown, and grapples with a reduced need for office space in a post-pandemic world. The news was first reported … Continue reading After layoffs, Amazon halts construction on HQ2 facilities that cities begged for
Google is laying off 12,000 employees Steve Dent @stevetdent Google parent Alphabet is cutting around 12,000 jobs, or around six percent of its global workforce, it wrote in a company-wide email sent to employees. CEO Sundar Pichai said that he was “deeply sorry” to workers that will be let go and that it was … Continue reading Google workers in Japan have joined a labor union in response to planned layoffs
By Michael Grothaus March 01, 2023 Recent months have not been good for the tech and media industries, which have seen hundreds of thousands of jobs lost as companies look for ways to reduce costs among slowing sales and fears of an economic downturn. But Big Tech and media weren’t the only industries hit … Continue reading Mass layoffs hit the automotive industry as GM reportedly joins Ford and Rivian
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?
Ad Service Startups Will Emerge From Thousands Of Tech Layoffs by Laurie Sullivan @lauriesullivan, February 20, 2023 Nearly two months into the new year, more than 93,000 workers across U.S. tech companies have been laid off in mass job cuts. The numbers from Crunchbase News include Twilio’s 1,500-person cut, DocuSign’s 680-worker cut, and Wix’s 370-person layoff announcements last … Continue reading Ad Service Startups Will Emerge From Thousands Of Tech Layoffs
