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 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 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 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 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 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
Elon Musk changes Twitter’s remote work rules, again He also warned managers they could be fired if members of their team fall short of his expectations. K. Bell @karissabe David Odisho via Getty Images Elon Musk is changing Twitter’s remote work rules yet again amid deadline for employees to commit to his vision for … Continue reading Twitter hit with mass resignations after Elon Musk’s ‘hardcore’ ultimatum
Twitter warns employees that layoffs are happening Friday The cuts come only a week after Elon Musk took over the company. K. Holt @krisholt Carlos Barria / reuters Twitter will reportedly begin laying off workers on Friday, only a week after Elon Musk officially took control of the website. Around half of the company’s … Continue reading Twitter reportedly cuts 4,400 contract workers following mass layoffs
Meta is laying off more than 11,000 employees It’s the first mass layoffs in the company’s history. K. Bell @karissabe NOAH BERGER via Getty Images 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 … Continue reading Meta abandons its Portal smart displays and smartwatch project following mass layoffs
