Tag Archives: layoffs

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

Already under siege from Wall Street analysts amid slowing growth, Salesforce execs have returned from schmoozing clients in the Swiss Alps at The World Economic Forum only to be greeted by one of the most feared activist investors in the game. Elliott Management has taken a multi-billion dollar position in Salesforce, a source familiar with the matter confirmed to Yahoo Finance, adding that the investment management behemoth may push for a board seat. “Salesforce is one of the preeminent… Source link

Google’s decision to let go of 12,000 employees was only just announced on Friday, but it extended the recent trend of the “Big Tech” companies cutting jobs in previously unheard-of numbers, and now we’ve seen more reports about where those cuts happened. The Information reports that at Google, layoffs spread through nearly every group, including projects like Chrome, Search, Android, and Google Cloud. Its sources said they affected people who’d previously received “high… Source link

Area 120, the Google in-house incubator responsible for products such as Checks, Tables, Stack and ThreadBite, has been significantly affected by broader layoffs at Google parent company Alphabet. A spokesperson tells TechCrunch via email that the majority of the Area 120 team has been “winded down,” and that only three projects from the division will graduate later this year into core Google product areas. The spokesperson wouldn’t say which specific… Source link

Google and Wayfair join tech companies announcing big layoffs – CBS Boston Watch CBS News Wayfair made its announcement Friday morning that the company will let go of more than 1,700 employees. WBZ-TV’s Brandon Truitt reports. Be the first to know Get browser… Source link