The tech sector’s massive layoffs don’t appear to be slowing anytime soon. Layoff tracker Layoffs.fyi is reporting that over 250,000 tech workers have been let go in 2023. Many of these once high-flying tech companies, with unprecedented valuations and growth-at-all-costs strategies, are...
around 300 employees. This constitutes the second round of layoffs enacted by company this year, with the company announcing a 9% reduction in the size of its workforce in February. In a regulatory filing, SecureWorks said that it would incur about $14.2 million in expenses due to the layoffs...
Days afterTwitter'snew bossElon Muskslashed half his company's workforce, Facebook parentMetaannounced its most significant round of layoffs ever. Meta said on Wednesday that it's eliminating13% of its staff, which amounts to more than 11,000 employees. Last month, Meta announced a second str...
In July and August, tech employment deceased by a net 15,000 jobs each month, and tech layoffs for the two months were 6,527 and 9,220, respectively, according toCrunchbase. The reported tech layoffs, then, help to tell some—but not all—of the story. Throughout most of this year, ...
Despite the tech layoffs so far in 2024, analysts are saying that this will not be a repeat of last year, even as more job cuts are expected in the coming months. In fact, AI-related roles might flourish, but at a smaller scale as tech companies chase efficiency for the new year. En...
Azure revenue has been akey driver for the companyas its cloud business has continued to grow, and this week's layoffs are reportedly centered around the part of the unit that houses Microsoft's "moonshots" program, with teams working on projects including space-related efforts and quant...
purport:to claim to be sth or to have done sth, when this may not be true 自称;标榜 The recent layoffs suggest that CloudFactory’s goal of connecting a million people todignifieddigital work is now further away than ever. “It reveals theprecarityof these jobs, but also the precarity of...
Tech layoffs in 2023: A timeline Dec 31, 202328 mins news Alibaba shutters quantum computing efforts Nov 27, 20233 mins news Digital advocacy group criticizes current scope of the EU AI Act Nov 24, 20233 mins news UK pledges further AI investment following global safety summit ...
Despite high-profile threats of layoffs and a dip in job postings in June, the tech market remains strong, especially for data-related skills.
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from a year ago, outplacement firm Challenger, Gray & Christmas reported Thursday. Planned layoffs totaled 89,703 for the period, an increase of 15% from February...