Last year, tech companies laid off more than 260,000 workers, according to layoff tracker layoffs.fyi, cuts that executives mostly blamed on over-hiring during the pandemic and high interest rates making it harder to invest in new business ventures. But as those layoffs have dragged into 2024...
Perhaps the most attractive reason to lay off employees is offered by the example of the soaring profits set by Meta and Amazon. Both were early to the business of laying off tens of thousands employees in 2023, and both seem to be doing just fine. That said, solid earnings or profits ...
Tech employees suffered the second-largest number of layoffs, with almost 16,000 people losing their jobs, according to the analysis. Alphabet-owned Google, Microsoft and Salesforcewere amongthe big tech companies slashing thousands of jobs last month. Media businesses also increased their job cuts,...
She was one of 1,000 Afterpay employees who were laid off this year. In addition to growing with the company over the course of four years, Uttenreuther was the type of employee to open her Slack at 6:30 a.m. most days, she says. She was on a morning sunrise walk to get ...
Hey, can we do this layoff thing surreptitiously by requiring everyone to come back to the office, even if it means our newly hired CEO will have to get on a private jet every week? Pregnant pause. And then you wake up one day and realize there is a consensus building that AI can...
In mid-August, Sonosannounced the layoff of 100 employees, sending shockwaves through the tech community and raising serious concerns about the company's future. These layoffs, which targeted key departments such as engineering and customer support, followed the release of ...
Another variation of this approach is the long layoff. Here, companies such as Disney and Wells Fargo don’t immediately show laid-off workers the door. Instead, they keep employees on board for weeks or even months. Here, the immediate goal is to avoid all the bad press and ...
The theory predicts that firms are more reluctant to lay off employees when unemployment is high than when it is low, yet labor market conditions seemed to have little or no impact on layoff decisions. If anything, higher unemployment increased the propensity to lay off since it reduced the ...
Amid the ongoingwork-from-home debate, I've found the solution: work for a company that allows remote work, but invest in companies that don’t. You want to invest in businesses with employees who are working 60+ hours a week, maximizing productivity to make you money!
Organizations get a single source of truth combining metadata from multiple APIs to provide one place to manage access for every document that employees touch. Nira currently works with Google Workplace, Microsoft 365, and Slack. With more integrations coming in the near future. Who is Nira for...