Another tech giant could be implementing mass layoffs
He'll still earn a lot of money this year
In context: Working in the tech industry might not feel like the most secure profession right now, given the number of people being let go, but it still offers some of the best perks (and pay, usually). Microsoft, for example, is giving its US employees unlimited, fully paid time off.
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.
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The number one company might not be what you expected
In brief: With its high pressures, long hours, and, in some cases, lack of security, the tech industry isn't known for being a great place to work---even though the money's good. That could explain why virtually none of the big-name titans rank in the 100 Most Loved Workplaces of 2022 list, with the one exception being the company in the top spot.
It might have been a different story if he was US-based
A hot potato: A US company headquartered in Florida must pay a Netherlands-based remote worker thousands of dollars after it fired him for refusing to keep his webcam activated all day. The Dutch court that ruled in the employee's favor has suggested this sort of surveillance violates human rights.
Would you make the cut?
Cancel that yacht order
Productivity theater: bosses believe workers are less productive at home, according to Microsoft survey
Are you being dragged back to the office?
In context: Does your boss think you spend all day 'working' from home in your dressing gown, taking regular breaks to stuff your face/get drunk/watch Pornhub? They aren't alone in believing that remote work makes employees less efficient. According to a new study from Microsoft, 85% of bosses are convinced that home comforts make staff less productive, and that's causing 'productivity theater.'
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One staff member likens the crackdown to a witch hunt
While Microsoft cuts jobs but increases its headcount
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Zuckerberg to Meta staff "there are probably a bunch of people at the company that shouldn't be here"
An ominous warning, Zuck says new policies will focus on "ruthless prioritization" and "modified performance standards"
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Does that potential employee project the uncanny valley effect?
Employees return to Tesla following Elon Musk's demands, find there are not enough desks or parking spaces
The company wasn't prepared for so many people returning at once
Will it be enough to hang onto staff?
Up to 100,000 IT specialists are leaving Russia