Layoffs at Google Flights could signal strategy changes in Google’s flights business. A Royal Air Maroc 787-8 Dreamliner in OneWorld livery at JFK Airport on January 2, 2023. Mark Bess / Flickr....
Tag: layoffs
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previou...
After Layoffs And A CEO Change, Cometeer’s Frozen Coffee Pod Business Is In Hot Water
In December, Cometeer quietly conducted layoffs and installed its chief operating officer as co-CEO. Former employees spoke of dysfunction and high executive turnover as growth has slowed at the most-...
Will MSFT Stock Price Escape this Declining Streak of 2021? Did Layoffs Helped Microsoft in Anyway?
Microsoft layoffs or the big tech company’s layoffs failed abruptly shows the statistics of their stock price movement. MSFT stock price has continued its declining streak since 2021 over the da...
gm: Week in Review: Tech Layoffs, Porsche NFTs, Ted Cruz
gm: Week in Review: Tech Layoffs, Porsche NFTs, Ted Cruz In our January 28, 2023 week in review episode, Dan Roberts, Matthew Diemer, and Kate Irwin talk about more layoffs in crypto and broader tech ...
Big funding rounds, layoffs and FTX developments
The past week saw an interesting set of big funding announcements, although the overall market sentiment remains bearish. Several companies announced job cuts as they struggled to stay afloat with the...
The cruelty of tech layoffs leaves employees emotionally devastated
Employees waking up to find out they no longer have email access. Others showing up to the office only to be denied entry. Delayed severance paperwork. Some immigrants suddenly unsure if they will eve...
IBM’s layoffs aren’t helping the stock, as analysts still fret about cash flow
International Business Machines Corp. shares slumped Thursday after analysts picked apart Big Blue’s free cash flow results and outlook amid layoffs, and found a “mixed blessing” in the company’s driv...
The Great Resignation was fueled by workers’ obsession with flexibility. Big Tech layoffs have scared employees reprioritizing what they need
The pandemic brought job flexibility into focus as it never has been before. Workers across a range of industries started pushing back on employers’ demands to be in the office five days a week and cl...
Spotify Announces Layoffs To 6% Of Its Workforce
Getty Images Key takeaways Spotify announced that the company is laying off 6% of its workforce Dawn Ostroff, former head of content, is one of the key employees leaving the company The news of layoff...
IBM posts biggest annual sales increase in more than a decade, announces layoffs
International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Exe...
Layoffs Aren’t The End Of The World. Here’s How To Land Your Next Gig
Laid-off tech workers can use this uncertain time as an opportunity to reassess and plot the next career move. getty Companies and their constellations of managers, employees, investors and boards lov...
Microsoft And Amazon To Layoff A Total Of 28,000 Employees
Getty Images Key takeaways Combined, Amazon and Microsoft are laying off a total of 28,000 employees The wave of tech layoffs is continuing into 2023 An uncertain economic climate is one reason behind...
JPMorgan’s Kolanovic sees correction, hard landing
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, tell...
In the wake of massive layoffs, tech workers reconsider their future
Company bikes sit outside an office building on Google’s Mountain View, Calif., campus. The tech giant has laid off 12,000 employees amid an industry-wide pullback in staffing. (Brian Contreras ...
What Microsoft’s Recent Layoffs Mean For The Company And Investors
Getty Images Key takeaways Microsoft announced 10,000 layoffs on January 18, 2023 These layoffs come amid a string of similar announcements from other tech businesses In his announcement, CEO Satya Na...
Alphabet’s Massive Layoffs Fuel $50 Billion Market Rally—And Analysts Expect More Job Cuts Will Boost Tech Stocks
Topline Google-parent Alphabet and online retailer Wayfair on Friday became the latest tech stocks to rally after issuing massive layoff announcements to help curb costs ahead of a potential recession...
Google Cuts 12,000 Workers – 2023 Tech Layoffs Roundup
(Photo credit should read BRITTANY HOSEA-SMALL/AFP via Getty Images) AFP via Getty Images Key Takeaways Google has just announced they’ll be laying off 12,000 people in 2023 Many other tech companies ...
Google Cuts 12,000 Jobs As 2023 Layoffs Continue
Topline Google’s parent company Alphabet announced plans Friday to cut 12,000 employees, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon began laying off 18...
Capital One Cutting 1,100 Employees As 2023 Layoffs Continue
Topline Banking giant Capital One has laid off roughly 1,100 employees, Bloomberg reported on Thursday, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon bega...
Amazon and Microsoft’s big layoffs aren’t solving the talent shortage, EY CEO says
The boom of presumably now available tech industry workers either doesn’t exist or is just completely elusive to Ernst & Young Chief Executive Officer Carmine Di Sibio. The CEO told Bloomber...
Microsoft And Amazon Lay Off Thousands
(Photo by Phil Barker/Future Publishing via Getty Images) Future Publishing via Getty Images Key takeaways Microsoft is laying off 5% of its workforce, citing recessions as a key factor Amazon still h...
Bitcoin and Ethereum correct amid Bitzlato takedown, tech layoffs and economic worries
Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders. Given the number of black swan ...
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, in...