Media Layoffs
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US Judge Says Elon Musk's X Must Face Class Action Age Bias Claims Over Mass Layoff
A US District Judge has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination.
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"You're The Greatest Cutter": Donald Trump Praises Elon Musk For Firing Workers
Republican presidential candidate Donald Trump's interview with billionaire entrepreneur Elon Musk finally got underway on Musk's social media platform X on Monday evening.
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"No Goodbyes": Employee Describes Sudden Layoffs Affecting 80% Of Team
The social media user in his post admitted that he was surprised that he was not laid off, given his work habits.
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"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
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Elon Musk Sacking Senior Tesla Staff To Further Reduce Costs: Report
Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.
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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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Bungie Becomes the Latest PlayStation Studio to Lay Off Workers, Destiny 2 The Final Shape Delayed
Destiny 2 creator Bungie has been hit with layoffs, as part of restructuring with Sony Interactive Entertainment. An official number for the downsizing hasn’t been revealed yet, but it appears that the communications, social media, and publishing departments were affected the most. Additionally, Bungie has delayed the upcoming Destiny 2: The Fina...
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Google Lays Off "Some Of The Best And Brightest People" From Its News Divison: Report
Tech giant Google has laid off several employees this week in its news division, CNBC reported on Wednesday.
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Elon Musk Agrees To Try To Settle Twitter Layoffs Lawsuits, Reveals Memo
Elon Musk's X Corp. has agreed to try to settle claims by thousands of former Twitter employees who say they were cheated of severance pay when the billionaire laid them off after acquiring the social media platform last year, according to a memo.
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US Judge Refuses to Dismiss Lawsuit Accusing Elon Musk's X of Age Bias in 2022 Layoffs
A US federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called Twitter, of disproportionately laying off older workers when Elon Musk acquired the company last year.
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$500 Million Lawsuit Alleges Twitter Layoffs Targeted Older Workers
Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon Musk's acquisition of the social media company.
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Binance Reportedly Lays Off Over 1,000 Employees, CEO Tweets Denial
Binance’s ongoing legal troubles with the SEC could be forcing the firm to implement some effective cost cutting measures. The company is implementing layoffs, its CEO Changpeng Zhao has accepted. Contrary to what is being reported in the media, Zhao said, the layoffs have not affected 1,000 staff members. More staff terminations are reportedly t...
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Chingari Lays Off 20 Percent of Its Workforce as Part of Organisation Restructuring
Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday. The short-video-based social media app has laid off only 20 percent of its workforce. The Chingari spokesperson said that the company as part of severance package is offering two months' salary to the impacted employees to assist them during th...
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Binance.US Said to Have Laid Off Employees After US SEC Charges
The US affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees' social media posts. One of the sources said around 50 people were laid off.
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Zoho To Freeze Hiring For Engineering Roles, No Layoffs
Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring freeze for engineering roles and pruning marketing spending, although selective recruitment for customer-facing roles will continue.
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US Judge Says Elon Musk's X Must Face Class Action Age Bias Claims Over Mass Layoff
A US District Judge has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination.
-
"You're The Greatest Cutter": Donald Trump Praises Elon Musk For Firing Workers
Republican presidential candidate Donald Trump's interview with billionaire entrepreneur Elon Musk finally got underway on Musk's social media platform X on Monday evening.
-
"No Goodbyes": Employee Describes Sudden Layoffs Affecting 80% Of Team
The social media user in his post admitted that he was surprised that he was not laid off, given his work habits.
-
"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
-
Elon Musk Sacking Senior Tesla Staff To Further Reduce Costs: Report
Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.
-
"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.
-
Bungie Becomes the Latest PlayStation Studio to Lay Off Workers, Destiny 2 The Final Shape Delayed
Destiny 2 creator Bungie has been hit with layoffs, as part of restructuring with Sony Interactive Entertainment. An official number for the downsizing hasn’t been revealed yet, but it appears that the communications, social media, and publishing departments were affected the most. Additionally, Bungie has delayed the upcoming Destiny 2: The Fina...
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Google Lays Off "Some Of The Best And Brightest People" From Its News Divison: Report
Tech giant Google has laid off several employees this week in its news division, CNBC reported on Wednesday.
-
Elon Musk Agrees To Try To Settle Twitter Layoffs Lawsuits, Reveals Memo
Elon Musk's X Corp. has agreed to try to settle claims by thousands of former Twitter employees who say they were cheated of severance pay when the billionaire laid them off after acquiring the social media platform last year, according to a memo.
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US Judge Refuses to Dismiss Lawsuit Accusing Elon Musk's X of Age Bias in 2022 Layoffs
A US federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called Twitter, of disproportionately laying off older workers when Elon Musk acquired the company last year.
-
$500 Million Lawsuit Alleges Twitter Layoffs Targeted Older Workers
Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon Musk's acquisition of the social media company.
-
Binance Reportedly Lays Off Over 1,000 Employees, CEO Tweets Denial
Binance’s ongoing legal troubles with the SEC could be forcing the firm to implement some effective cost cutting measures. The company is implementing layoffs, its CEO Changpeng Zhao has accepted. Contrary to what is being reported in the media, Zhao said, the layoffs have not affected 1,000 staff members. More staff terminations are reportedly t...
-
Chingari Lays Off 20 Percent of Its Workforce as Part of Organisation Restructuring
Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday. The short-video-based social media app has laid off only 20 percent of its workforce. The Chingari spokesperson said that the company as part of severance package is offering two months' salary to the impacted employees to assist them during th...
-
Binance.US Said to Have Laid Off Employees After US SEC Charges
The US affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees' social media posts. One of the sources said around 50 people were laid off.
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Zoho To Freeze Hiring For Engineering Roles, No Layoffs
Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring freeze for engineering roles and pruning marketing spending, although selective recruitment for customer-facing roles will continue.
