In July Microsoft said it will trim less than 1% of employees, and in October it confirmed an additional round of job cuts that reportedly affected fewer than 1,000 workers. "I'm confident that Microsoft will emerge from this stronger and more competitive," CEO Satya Nadella told employees i...
Intel will reduce its R&D and marketing spend by billions each year through 2026; it will reduce capital expenditures by more than 20 percent this year; it will restructure to “stop non-essential work,” and it’ll review “all active projects and equipment” to make sure ...
Online retailer eBay has made the decision to lay off 1,000 employees, an estimated 9 percent of the company's workforce. In a note sent to employees, Jamie Iannone, President and CEO of eBay, shared the news, writing about the decision in an effort "to better position eBay for long...
Zoom is laying off approximately 1,300 employees, reducing its workforce by around 15 percent. It's the latest company to be hit by widespread Big Tech layoffs, joining a slew of others such as Microsoft, Amazon, Meta, and PayPal.
000 employees through multiple rounds of cuts over the coming two months, close hiring for 5,000 open roles, and cancel more low-priority projects, CEO Mark Zuckerberg announced on Tuesday. These cuts come just four months after he laid off11,000 employees, or 13 percent of the company,...
I'd say that about covers it for a 'stable revenue'. What Spotify pays it's employees is pennies compared to what they make. It's just your regularly scheduled corporate bs. Stop eating it. "Ek pointed out this will allow Spotify to have a “more focused approach,” and the shift ...
The resulting structure should be flatter and more agile, if all goes according to Nadella's plans. Read this Microsoft layoffs of 18,000 employees begin Beyond 12,500 former Nokia employees, who else is Microsoft laying off? Nokia's Android X2 experiment ends Microsoft to discontinue ...
The job cuts affect about 6% of Alphabet’s workforce and exceed the 10,000 employees that Microsoft laid off earlier this week. Also this week,WeWork eliminated 300 roles globally. With juggernauts like Google and Microsoft laying off tens of thousands, this week has been devastating to many ...
On February 15, it was reported that Morgan Stanley plans to lay off hundreds of employees in its wealth management division, and new CEO Ted Pick is seeking to control the department's costs. The layoffs include a small number of managing directors and non-customer-facing employees, and are...
Bungie CEO Pete Parsons has announced that the studio will lay off 220 employees and that it will spin off one of its in-development projects into its own studio.