Meta lays off another 13 percent of its workforce in second round of 'restructuring' cuts
Company has trimmed nearly a quarter of its staff since November
Software engineers are showing a strong preference for remote work, according to survey
Commuting to work is passé and employers are embracing the brave new world of remote work
Salesforce, which just laid off 8,000 workers, pays 'creative advisor' Matthew McConaughey $10 million per year
Not alright, alright, alright
Why it matters: Many tech industry workers have been laid off from their jobs recently, the result of over-hiring during the lockdowns and a global economic downturn. Becoming unemployed is a bitter pill, and it's even more depressing to learn that your former company pays a Hollywood actor millions of dollars a year to act as a creative adviser.
CEO quotes Martin Luther King Jr. in email announcing mass layoffs
Remember this inspirational quote while looking for a new job
Spotify to cut 6% of jobs in latest wave of tech layoffs
Spotify grew too quickly during the pandemic
These are the severance packages tech giants like Google, Meta and Amazon are offering to fired employees
Over 100,000 tech workers have lost their jobs since the year began
Google parent Alphabet is laying off 12,000 employees
Another day, another tech company making mass layoffs
Microsoft looks set to eliminate 10,000 jobs in the next few days
Another tech giant could be implementing mass layoffs
January tech layoffs top December's total in less than a week
The big picture: We are less than a week into the new year and the tech sector is already feeling the squeeze. According to Layoffs Tracker, a whopping 29,686 tech employees across 27 companies have been let go globally so far this month. For comparison, 17,074 tech workers lost their jobs in December 2022. Put another way, there have been nearly 74 percent more job cuts in the first several days of 2023 compared to all of last month.
Amazon confirms it is letting go of a record 18,000 employees
Some workers won't find out if they've lost their jobs for another 2 weeks
Elon Musk fires more Twitter staff, will reinstate suspended accounts next week
After saying no more layoffs were planned
HP will lay off up to 6,000 employees over the next three years
Another tech giant is drastically reducing its headcount
Twitter locks remaining employees out of offices after hundreds leave following Elon Musk's "hardcore" ultimatum
It's chaos at Twitter
In context: Elon Musk might regret firing half of Twitter's staff after he took over the company, given reports that those who weren't laid-off have been resigning in droves. It appears the departures were prompted by Musk's recent declaration that employees must commit to a "hardcore" work culture or leave the firm by 5 pm yesterday. Now, Twitter has locked those who are left out of the company's offices, reportedly over fears of sabotage by disgruntled ex-workers.
Mark Zuckerberg admits he got it wrong as Meta lays off 11,000 people
"I take responsibility"
Meta to start laying off thousands this week
Company follows Twitter and Amazon in tightening hiring
Twitter employees sue company over mass layoffs
Tesla found itself in the same position earlier this year
Lyft to release 13% of workforce in latest wave of job cuts
Lyft is preparing for a probable recession and increasing insurance costs
Elon Musk set to lay off half of all Twitter employees, end work-anywhere policy
Musk is not a fan of remote work
Twitter says no layoffs planned despite reports of Elon Musk cutting 75% of workforce
The report claims Twitter is making cuts no matter who owns it
Microsoft lays off under 1,000 employees across multiple divisions
The faltering economy prompted Microsoft's "structural adjustments"
Snap is cutting 20% of its workforce and discontinuing products to combat financial challenges
Snap discontinues Pixy drone after just four months
CEO Jensen Huang talks of raises instead of layoffs after Nvidia issues revenue warning
Company employees are safe, at least for now
Robinhood is nearly $300 million down, lays off a quarter of its staff, and gets hit with $30 million fine
The definition of a bad week
World's biggest NFT marketplace OpenSea cuts 20% of workforce as crypto winter bites
Another Web3 company is making layoffs