Shares of Redfin Corp. fell after hours on Wednesday, as the residential real-estate brokerage braced for what it said was a housing-market slump that could extend through at least next Read more
Tag: redundancies
Meta follows Twitter in making major job cuts
From Meta Platforms Inc. to Twitter, big names in the tech sector have announced major layoffs in October and November. Facebook parent Meta META, +5.18% is cutting 11,000 employees, or Read more
‘The housing market will get smaller in 2023’: Redfin lays off 13% of staff
Redfin RDFN, -8.10% is laying off staff again, as the housing market continues to hurt from high mortgage rates and low demand. Redfin CEO Glenn Kelman said on Wednesday that Read more
Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says ‘I take responsibility’
Massive layoffs at Meta Platforms Inc. began Wednesday, offering a slight boost to the social-media company’s beaten-down stock. Chief Executive Mark Zuckerberg told employees that he planned to lay off Read more
Zuckerberg says he’s accountable for missteps as Meta prepares for mass layoffs
Meta Platforms Inc. META, -0.26% will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday. The coming cuts are expected to total many thousands of employees and Read more
Is the job market still thriving? What unemployment numbers mean for you, and where the opportunities are.
This article is reprinted by permission from NerdWallet. A slight uptick in unemployment in October is the one blemish on an otherwise strong employment picture for workers, according to data Read more
Lyft rides price increases to record revenue, but stock still sinks
Lyft Inc. attracted fewer customers in the third quarter than Wall Street expected, but record-high ride-hailing prices sent the company to its highest quarterly revenue ever anyway, executives said Monday. Read more
What would Meta layoffs mean for Zuckerberg’s bold metaverse plan?
The prospect of mass layoffs at Meta Platforms Inc. could ramp up the pressure on CEO Mark Zuckerberg to deliver on the metaverse hype. Citing people familiar with the matter, Read more
Facebook parent Meta expected to announce mass layoffs this week
Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be among the largest round in a recent spate of tech Read more
‘I own the responsibility for why everyone is in this situation’: Twitter founder Jack Dorsey apologizes for layoffs
Twitter founder and former chief executive, Jack Dorsey, on Saturday apologized for layoffs involving about 50% of the social media platform’s staff, announced by new owner, Elon Musk on Friday. Read more