Tag Archives: Week

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

  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

Google is laying off 12,000 employees as another brutal week comes to an end for tech

  By Michael Grothaus January 20, 2023 Google and WeWork are the latest companies to announce layoffs in what has been a brutal few months for tech workers. On Friday, Google CEO Sundar Pichai announced that the search giant was cutting approximately 12,000 jobs. The cuts span the globe and myriad departments at Google’s parent … Continue reading Google is laying off 12,000 employees as another brutal week comes to an end for tech

Another chaotic week on Twitter: Ye gets suspended in latest test of Elon Musk’s ‘free speech’ ethos

  By Michael Grothaus December 02, 2022 Ye, the rapper formerly known as Kanye West, has just discovered that even Elon Musk’s version of Twitter has limits on “free speech.” Musk confirmed on Friday that Ye has been suspended from the platform—again. The suspension of Ye’s Twitter account comes after the rapper tweeted a photo … Continue reading Another chaotic week on Twitter: Ye gets suspended in latest test of Elon Musk’s ‘free speech’ ethos

Meta will reportedly announce ‘large-scale’ layoffs next week

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 Meta will reportedly announce ‘large-scale’ layoffs next week

China, U.S. Tech Stocks Climb Throughout The Week On Different Drivers

China, U.S. Tech Stocks Climb Throughout The Week On Different Drivers ValueWalk / 30 Aug 2022   Tech stocks in China and the U.S. are popping, although for different reasons. In China, an agreement between Washington and Beijing over their long-running audit disagreement triggered gains in Chinese tech stocks because their U.S. listings appear to be protected. … Continue reading China, U.S. Tech Stocks Climb Throughout The Week On Different Drivers

Apple requires employees to work out of its offices thrice a week starting in September

Apple tells corporate employees to return to the office by mid-April By late May, workers will need to be in the office at least three days a week. K. Holt @krisholt   Carlos Barria / reuters Apple’s corporate employees will soon be making a gradual return to the office, two years after the COVID-19 pandemic … Continue reading Apple requires employees to work out of its offices thrice a week starting in September

Amazon and Apple stocks rise, helping Big Tech’s mixed earnings week close on a positive note

By Michael Grothaus July 29, 2022   If you’re an investor in tech stocks, this week has been rocky—and that rockiness continued on from the week prior, too. Until (August 12, 2022) it seemed as if most tech stocks were doomed. A brief recap: Snap (SNAP): Last Thursday, the Snapchat maker missed on EPS and … Continue reading Amazon and Apple stocks rise, helping Big Tech’s mixed earnings week close on a positive note