tech layoffs

In a surprising turn of events, while Elon Musk had unleashed a barrage of criticism toward Mark Zuckerberg, the Meta Platforms Inc. (NASDAQ:META) CEO praised the Tesla CEO.  What Happened: Musk, who bought Twitter for $44 billion in October 2022, didn’t hold back his ...

By Matt DeCoursey A U.S. employee asked to work remotely from another state, and instead her job was sent to India. This anecdote in The Wall Street Journal has, understandably, generated some backlash. This recalls a familiar wound for Americans. When U.S. corporations turned their back on...

Google parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Sundar Pichai's hefty pay increase is under fire from the company's employees. What Happened: Memes about the salary hike are circulating on the company's internal discussion forums, which have attracted hundreds of likes, reported CNBC...

Microsoft Corporation (NASDAQ: MSFT) has reportedly denied that it plans to lay off thousands of staff in its engineering and human resources departments. What Happened: The denial was made in an email to Gizmodo, with a Microsoft spokesperson calling reports of the impending layoffs a “rumor...

Prominent market commentator Jim Cramer on Wednesday cautioned investors the tech industry may see more lay-offs owing to continuing macroeconomic headwinds. “There are so many tech companies with bloated payrolls that are still trying to grow rapidly, overpaying for new employees, and they...

Amazon.com, Inc (NASDAQ: AMZN) is planning to terminate the services of more than 18,000 workers. What Happened: The staff reduction at Amazon is the highest in the past year at a major technology company, reported the Wall Street Journal. The layoffs are to begin over the coming week and are...