Tech Layoffs Continue as Shares Fall and Interest Rates Rise
Low rates were the secret engine that fueled billion-dollar startups and virtual attempts to conquer the physical world. But in the year 2023, reality bites.
layoffs
IT layoffs 2023: Around 3000 employees are being fired every day in January by tech giants | Technology News
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
Tech Layoffs Shock Young Workers. The Older People? Not So Much.
Recent job cuts in industry have been a wake-up call for a generation of workers who have never seen a cyclical crash.
Amazon Expands Corporate Layoffs to 18,000 Jobs
In an email to employees, the Amazon CEO said the layoffs would focus on human resources and the retail division.
‘Unfortunately there is no choice’: Elon Musk reacts to layoffs; says Twitter losing $4 million daily | Technology News
Tesla CEO and Twitter owner Elon Musk today responded to the layoffs taking place at the micro-blogging site and said there is no choice for him because the company is losing $4 million a day. He said fired employees received 50 percent more in bonus than legally required standards. In a tweet, Musk said: “Regarding … Read more
Twitter’s Advertisers Pull Back as Layoffs Sweep Through Company
Elon Musk, the new owner of Twitter, has admitted that ad spend on the platform has fallen. He blamed the decline on activist pressure.
Twitter’s Advertisers Pull Back as Layoffs Sweep Through Company
Elon Musk, the new owner of Twitter, has admitted that ad spend on the platform has fallen. He blamed the decline on activist pressure.
Elon Musk Begins Layoffs at Twitter
The social media company’s 7,500 employees have been preparing to cut jobs since Mr. Musk took over last week.
Twitter layoffs 2022 latest news: Elon Musk to cut half of Twitter’s workforce, today’s report | Technology News
New Delhi: A media report said Twitter Boss Elon Musk will likely eliminate half of the micro-blogging platform’s workforce to cut costs and more details about how many people might be affected. The Verge quoted deputy editor-in-chief Alex Heath as saying in the report that Musk met with his advisers, including former PayPal CEO David … Read more
‘No plans for company-wide layoffs’: Microblogging site Twitter denies reports of mass-firing | Technology News
New Delhi: Twitter Inc made it clear to employees Thursday that there are no company-wide layoffs since it signed a deal to be bought by billionaire Elon Musk, after a media outlet reported that Musk is considering laying off workers at the company. Twitter’s general counsel, Sean Edgett, sent an email to employees Thursday saying … Read more