if the press releases are to be believed, the C-suite of every Big Tech company on Earth — well, with the notable exception of Apple, which has not announced layoffs — figured no one would ever go outside or spend money offline again after the pandemic and their ...
Here,Stanford Newstalks to Pfeffer about how the workforce reductions that are happening across the tech industry are a result mostly of “social contagion”—behavior spreads through a network as companies almost mindlessly copy what others are doing. When a few firms fire staff, othe...
So, if sales are great, where did this enormous pressure on the business come from? How is the math working out so badly if there’s so much interest from consumers and players? I invitedVergevideo game reporterAsh Parrishon the show to break this down and explain what’s happe...
A new report shows that government agencies and tech companies are leading the way with job cuts. But layoffs remain at historically low levels.
"[T]hese layoffs are also driven by broader economic trends and a strategic shift towards increased automation and AI adoption in various sectors, though in most cases, companies point to cost-cutting as the main driver for layoffs," said Andrew Challenger, senior vice president of Challenger, ...
The Qualcomm layoffs are the latest in a string of job cuts to impact the technology industry this year. The company specializes in making the processors that sit at the heart of virtually every Android smartphone in the world, and also many of Apple Inc.’s iPhones. Qualcomm makes billions...
There have been many layoffs. Those are hard experiences for men and women together. And those are hard experiences for leaders. Have you done a check to see if women were disproportionately negatively affected? Have you thought about diversity through that? And that’s just an exa...
Of course, at that time, we were all working from home, so I’m on a companywide virtual call, trying to convey empathy and care for our employees. And I just laid it out to our employees, and I said, “Guys, here's what's happening to our business. Operat...
They obviously earn a lot more there than they do in many other countries as well. But yes, if you live in good areas, even the public system can be phenomenal there. Parts of Silicon Valley are good examples of that and so forth. I was also surprised by this article, ...
And Friday’sjobs report, which showed a sharp slowdown in hiring and jump in unemployment in July, set investors — even those not deep into tech — on edge. That came on the heels of news that jobless claims, a proxy for layoffs, increased significantly in th...