It Sector Layoffs
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Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
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Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
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eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
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Mark Zuckerbeg Explains Why Tech Layoffs Are Happening. It's Not Because Of AI
Meta announced several rounds of layoffs as part of Mark Zuckerberg's "year of efficiency" in which thousands of employees lost their jobs in the past few months.
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"We Are Reorganising...": Snapchat Parent Company To Lay Off 10% Of Its Staff Globally
Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.
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Microsoft to Lay Off 1,900 Staff at Gaming Division, Including Recently Acquired Call of Duty Maker Activision
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
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Layoffs In US Soared 98% In 2023 And It Could Get Worse This Year, Report Claims
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
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Engineer, Who Lost Job At Twitter Last Year, Now Laid Off By Spotify
Freddie Carthy had joined the music streaming giant after Elon Musk took over Twitter and conducted mass layoffs.
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Microsoft's Salaried Staff Won't Get Raise This Year, Reveals Leaked CEO Mail: Report
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
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Sacked H1-B Visa Holders Have Options Other Than Leaving: US
Amid mass layoffs in the tech sector, the federal agency for immigration services has said it is wrong to assume that sacked workers holding the much-sought-after H-1B visas have to leave the country within 60 days.
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Amazon to Lay Off 9,000 Employees in Another Round of Job Cuts; Twitch, E-Commerce, HR Sector to Get Affected
Amazon.com on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking a new round of job cuts that pile onto the technology sector's woes. In a remarkable turn for a company long touting its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9 percent of its roug...
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Quiet Hiring, A New Workplace Trend Is Helping Companies. Here's How
"Quiet hiring" has gained prominence amid mass lay-offs as it refers to a method of finding new talent without hiring new full-time employees.
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Ford To Layoff 3,800 In Europe, Mostly Germany, UK
US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as competition in the electric car sector intensifies.
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Dell to Lay Off About 6,650 Employees Amidst Falling Demand for PCs: Report
Dell Technologies will eliminate about 6,650 jobs, or about five percent of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, CEO Jeff Clarke said in a memo.
-
Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
-
Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
-
eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
-
Mark Zuckerbeg Explains Why Tech Layoffs Are Happening. It's Not Because Of AI
Meta announced several rounds of layoffs as part of Mark Zuckerberg's "year of efficiency" in which thousands of employees lost their jobs in the past few months.
-
"We Are Reorganising...": Snapchat Parent Company To Lay Off 10% Of Its Staff Globally
Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.
-
Microsoft to Lay Off 1,900 Staff at Gaming Division, Including Recently Acquired Call of Duty Maker Activision
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
-
Layoffs In US Soared 98% In 2023 And It Could Get Worse This Year, Report Claims
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
-
Engineer, Who Lost Job At Twitter Last Year, Now Laid Off By Spotify
Freddie Carthy had joined the music streaming giant after Elon Musk took over Twitter and conducted mass layoffs.
-
Microsoft's Salaried Staff Won't Get Raise This Year, Reveals Leaked CEO Mail: Report
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...
-
FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
-
Sacked H1-B Visa Holders Have Options Other Than Leaving: US
Amid mass layoffs in the tech sector, the federal agency for immigration services has said it is wrong to assume that sacked workers holding the much-sought-after H-1B visas have to leave the country within 60 days.
-
Amazon to Lay Off 9,000 Employees in Another Round of Job Cuts; Twitch, E-Commerce, HR Sector to Get Affected
Amazon.com on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking a new round of job cuts that pile onto the technology sector's woes. In a remarkable turn for a company long touting its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9 percent of its roug...
-
Quiet Hiring, A New Workplace Trend Is Helping Companies. Here's How
"Quiet hiring" has gained prominence amid mass lay-offs as it refers to a method of finding new talent without hiring new full-time employees.
-
Ford To Layoff 3,800 In Europe, Mostly Germany, UK
US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as competition in the electric car sector intensifies.
-
Dell to Lay Off About 6,650 Employees Amidst Falling Demand for PCs: Report
Dell Technologies will eliminate about 6,650 jobs, or about five percent of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, CEO Jeff Clarke said in a memo.
