(Photo Illustration by Thiago Prudencio/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Key takeaways PayPal, HubSpot and Workday all announced on the same day combi...
Tag: tech layoffs
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...
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...
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...
Tech Layoffs Continue With Cuts At Salesforce, Amazon And Maybe Even Google
(Photo by Stephen Lam/Getty Images) Getty Images Key Takeaways Salesforce is cutting 10% of its global workforce, equating to around 8,000 jobs which will be lost. Amazon is also cutting a much higher...
Micron To Lay Off 10% Of Staff Due To Low Demand For Chips
| Getty Images Key Takeaways Micron missed estimates for its first quarter of 2023 due to weak chip demand. The chip manufacturer also announced weaker guidance for the second quarter. Micron is one o...
Unicorn Pluralsight Lays Off 20 Percent Of Staff, December 2022
| Getty Images Key Takeaways In a letter to employees, Pluralsight CEO Aaron Skonnard announced the company would be laying off employees, effective immediately. Layoffs have become common in 2022, es...
Tech Layoffs: Cisco Announces Mass Layoffs
| Getty Images Key Takeaways This week, Cisco started implementing layoffs totaling 5% of its workforce. At the same time, Cisco is actively hiring for new roles. The company says this is part of a re...
Which Comes First, The Recession Or The Layoffs? How Investors Look At Tech Layoffs Right Now
Large scissors cutting employees in half. Getty Images Key Takeaways A recession is a slowdown in the economy and includes higher unemployment rates. Companies lay off workers to survive an economic d...
Latest In Tech Layoffs: DoorDash Lays Off 1,250
| Getty Images Key Takeaways DoorDash CEO Tony Xu announced that the company would be reducing expenses by letting go 1,250 corporate employees. The company is trying to cut expenses since operating e...
Amazon Is Next In The Onslaught Of Tech Layoffs
Getty Images Key takeaways Amazon plans to lay off around 10,000 employees beginning as soon as this week The online retail giant represents another in a growing chain of tech firms slashing head coun...