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Wall Street mass layoffs continue as Goldman Sachs plans new round of job cuts: reports

Employee Layoffs

  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 →

Meta mass layoffs: Latest round of job losses hits Facebook, Instagram parent company

Employee Layoffs

  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 →

Leaders, your mass layoffs may have an unintended side effect that hurts the company’s bottom line

Employee Layoffs

  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 →

Mass layoffs haven’t dented pay for tech and finance internships, says Glassdoor

Employee Layoffs

  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 →

Meta mass layoffs: Another round of job losses will reportedly hit Facebook, Instagram, WhatsApp

Employee 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 →

Mass layoffs hit the automotive industry as GM reportedly joins Ford and Rivian

Employee 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 →

Nearly 20,000 jobs lost in another week of brutal mass layoffs for tech and media

Employee Layoffs

  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 →

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