The numbers: Job openings in the U.S. rose to 10.7 million in September in a sign that a scorching-hot labor market hasn’t cooled off as much as the Federal Reserve would Read more
Tag: redundancies
U.S. job openings jump to 10.7 million — labor market still too hot for the Fed
The numbers: Job openings in the U.S. rose to 10.7 million in September in a sign that a scorching-hot labor market hasn’t cooled off as much as the Federal Reserve would Read more
Twitter braces for mass layoffs under new owner Elon Musk
Twitter Inc. is drafting plans for broad layoffs, according to people familiar with the matter, days after the social-media platform was taken private by billionaire Elon Musk for $44 billion. The proposed layoffs are Read more
Elon Musk reportedly tells Twitter staff he won’t cut 75% of workforce
Elon Musk told Twitter Inc. employees Wednesday that, contrary to an earlier news report, he does not plan on cutting 75% of the staff, according to Bloomberg News. Earlier this Read more
Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall
Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Read more
Zillow confirms more layoffs amid housing-market slowdown
Zillow Group Inc. confirmed more layoffs Wednesday, as the real-estate services company grapples with a slowdown in the housing market. Bloomberg News reported Wednesday that Zillow laid off 300 employees, Read more
Cerebral to cut jobs amid lower growth targets
Telehealth startup Cerebral Inc. told staffers it is cutting jobs and restructuring its operations in moves that will affect about 20% of its employees, shrinking the company to match patient demand and Read more
Intel earnings: Layoffs and margin pressure could overshadow Mobileye IPO
Intel Corp. must contend this week with an earnings report that notably lacked a formal pre-announcement, a bleaker-than-expected PC market and rumored layoffs, which will likely overshadow the initial public Read more
Scathing Meta shareholder’s letter calls for layoffs, less spending on metaverse
A major Meta Platforms Inc. shareholder has some scathing advice for the embattled company: Slash payroll costs by 20% and limit annual spending to $5 billion on its quest to Read more
Microsoft earnings on deck amid layoffs, recession fears: What to expect
Microsoft, which is laying off nearly 1,000 workers across multiple divisions, reports its fiscal first-quarter results after market close on Oct. 25. With fears of a recession looming, Axios and Business Insider recently Read more