Shares of UiPath Inc. PATH, +11.29% were headed more than 11% higher in premarket trading Tuesday after the automation software company announced preliminary revenue ahead of expectations and disclose...
Tag: layoffs
Tech leaders reckon with higher interest rates, down rounds and layoffs
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking onstage at the 2022 Web Summit tech conference. Horacio Villalobos | Getty Images LISBON, Portugal — Once high-flying tech ...
Crypto Layoffs Represent Just 4% of All Tech Staff Cuts in 2022
There has been a lot of news about crypto layoffs during this bear market. However, they represent a very small percentage of staff cuts in the wider tech sector. In a report released on Nov. 14, Coin...
FTX collapse could see crypto sector layoffs accelerate
The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment specialists warn. A Nov. 14 report from cryp...
Amazon set to lay off 10,000 employees as reductions mount: NYT
Amazon is on the verge of cutting 10,000 positions in what would be the company’s largest mass-firing, representing around 3% of corporate and 1% of global employees, The New York Times reported, citi...
Disney reportedly freezes hiring and expects some layoffs
Disney CEO Bob Chapek has told division leads in a letter that the company is implementing cost cutting measures in part to help it “achieve the important goal of reaching profitability for Disn...
Tech Workers Still in Demand Despite Mass Layoffs: Ripple CTO
With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted t...
Coinbase layoffs more than 60 recruiting, onboarding employees
Coinbase said it is laying off more than 60 employees amid a turbulent market startled by the possible demise of fellow cryptocurrency exchange FTX.The U.S.-based Coinbase said in a statement the plan...
Elon Musk could learn from Mark Zuckerberg when it comes to layoffs
It’s been a terrible, horrible, no-good, very bad string of days for tech workers. First, Elon Musk laid off thousands of Twitter employees—reportedly as many as 3,700, or almost half of the workforce...
Another wave of layoffs hits tech
Tech layoffs are dominating newsfeeds and headlines, and the cuts are coming across the board — Twitter’s sacking workers in droves, while Meta (META) is reportedly set to conduct large-scale cu...
Space company announces layoffs amid rocket delay
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay...
As layoffs mount, one tech CEO figured out how to do them right
Good morning, If you have a Twitter account, you’ve most likely seen the backlash from employees who were among widespread layoffs last week via a robotic-type internal memo. But recent weeks have sho...
Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs
Topline Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a ra...
Twitter Reportedly Asks Fired Workers To Return—Here’s What To Know About The Aftermath Of Its Mass Layoffs
Topline Around 80% of Twitter staff in India—one of the firm’s largest markets—were fired last week, while Twitter is reportedly trying to bring back some of the workers it laid off and continues to a...