Tag Archives: layoffs

Between them, some of the world’s biggest tech companies have collectively laid off more than 150,000 workers in recent months. The businesses involved have put forward a variety of reasons for why this was necessary, which mostly come down to a need to reduce costs as economic growth slows down around the world. The Real Reasons For Big Tech Layoffs At Google, Microsoft, Meta, and Amazon Adobe Stock In truth, it isn’t likely to be because the companies involved need money. Microsoft,… Source link

In the case of good employees who are being let go through no fault of their own, those conversations benefit the employer, too, because people remember how they’re treated in their lowest moments — and word spreads fast. Future hiring prospects will be reading all about it on Twitter or Glassdoor. In a tight labor market, a company’s cruelty can leave a lasting stain on its reputation. Perhaps the most appalling aspect of termination by email is the asymmetry between what corporations… Source link

Meta CEO, Mark Zuckerberg doesn’t think managers managing managers is an ideal corporate structure.Drew Angerer/Getty Images Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn’t think a structure of “just managers managing managers” is ideal. Meta’s chief product officer Chris Cox has discussed the need to “flatten” the management structure, Command Line said. Managers managing managers managing managers managing… Source link

Meta CEO, Mark Zuckerberg doesn’t think managers managing managers is an ideal corporate structure.Drew Angerer/Getty Images Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn’t think a structure of “just managers managing managers” is ideal. Meta’s chief product officer Chris Cox has discussed the need to “flatten” the management structure, Command Line said. Managers managing managers managing managers managing… Source link

Thousands of US-based Google employees woke up to an email on January 20 saying they’d been laid off.Tsering Topgyal/AP Photo A Google engineer said survivors of the recent mass layoffs cried in meetings the day of the cull. Two engineers told Insider some remaining staff were worried about further job cuts. Google is now “just another big company,” one said. Some Google employees who survived the recent cull of around 12,000 staff cried during meetings the day layoffs were announced, a serving… Source link

A Google engineer said survivors of the recent mass layoffs cried in meetings the day of the cull. Two engineers told Insider some remaining staff were worried about further job cuts. Google is now “just another big company,” one said. … Source link

FBI seizes Hive ransomware group infrastructure after lurking in servers for months After seven months spent lurking inside the notorious ransomware group’s networks, swiping decryption keys for its victims, the FBI and international partners seized infrastructure behind Hive ransomware attacks. Since June 2021, Hive has targeted more than 1,500 victims globally. While staking out Hive’s network, the FBI disrupted multiple attacks, including ones against… Source link

Alphabet CEO Sundar Pichai announced mass layoffs at Google on Friday.AP A laid-off Google engineer said his “spidey-senses” detected incoming job cuts at the company. Zac Bowling told Insider he’d been laid off before and was familiar with the build-up. He said Google’s severance email was “cold,” “faceless,” and made him feel “isolated.” A laid-off Google engineer said his “spidey-senses” detected incoming job cuts at the company — and the “cold” severance email that followed left him… Source link

Layoffs roiling the tech sector have been the biggest economic story of 2023. And now, it seems those layoffs are spreading into new corners of Corporate America. On Tuesday morning, 3M (MMM) announced it would cut 2,500 manufacturing jobs, as slower-than-expected growth followed from what the company called “rapid declines in consumer-facing markets — a dynamic that accelerated in December — along with significant slowing in China due to COVID-related disruptions.” The news from 3M… Source link

Google announced layoffs of about 12,000 employees late last week.  On Monday, the company held an all-hands meeting with staff to discuss the job cuts.  Insider obtained a recording of the meeting. Here’s what happened.  … Source link