New Delhi: Music streaming giant Spotify announced on Monday that it will cut 6 percent of its workforce, or about 600 employees, globally. The Swedish company’s CEO, Daniel Ek, announced in a note that he was too ambitious to invest ahead of their revenue growth. “Because of this, today we are reducing our employee base … Read more
New Delhi: About 3,000 tech workers are now let go each day on average in January worldwide, including India, as more big tech companies like Microsoft and Google join the ongoing season of layoffs. The frequency of dismissals increased as concerns about economic recession grew around the world. So far, 166 IT companies have laid … Read more
The cryptocurrency exchange’s cutbacks come after nearly a fifth of employees were laid off in June, as cryptocurrency markets reel and tech companies rethink their growth plans.
New Delhi: Since the appearance of Elon Musk, Twitter has made headlines. Immediately after the takeover, Musk fired the top executives along with Parag Agrawal. As a cost-cutting strategy once in office, Musk left roughly 50 percent of the company’s staff. But now that Musk is in charge, the company is a complete mess. The … Read more
The tech giant has so far taken steps to streamline without mass layoffs, but employees are preparing for even deeper cuts.
The company’s internal investigation showed that the workers also obtained data on a small number of other US users.
It’s been almost a month since Elon Musk took control of Twitter after this $44 billion acquisition. Since then, Musk has tried to introduce many changes and some are visible while others are in the process of being finalized. Within a week of the Twitter acquisition, Musk fired about 50 percent of the staff, and … Read more
New Delhi: Local app Koo has announced that it has hired some Twitter employees who have been fired very soon. Co-founder Mayank Bidawatka, in a Twitter post, offered to hire some former Twitter employees: “So sad to see #RIPTwitterA and #RIPTwitterA related drop. We will be hiring some of these former Twitter employees as we … Read more
The many departures created a wave of tension over whether the site could continue to function well.
Sam Bankman-Fried’s DMs are made public, and Congress announces an investigation. The tech nightmare continues into November.