layoff

In a recent move reflecting the downturn in the semiconductor industry, Arm Holdings Plc (NASDAQ:ARM) has parted ways with more than 70 software engineers in China. What Happened: As per insider information, Bloomberg reported on Monday that the U.K.-based chipmaker’s recent actions mirror...

Google (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Sundar Pichai reflected on the company’s layoffs from last year, acknowledging the adverse impact on employee morale and conceding that the process could have been executed better. What Happened: Pichai reflected on Google’s decision to lay off 6...

In the face of financial hardships, Nio Inc., a Chinese electric vehicle (EV) manufacturer, is reportedly deliberating additional layoffs, following a recent cut of 10% of its workforce. What Happened: Bloomberg reported that inside sources have revealed Nio’s contemplation of extra job...

In recent news, Block, the parent company of Tidal, Square, and CashApp, is preparing for another wave of job cuts, as confirmed by CEO Jack Dorsey. What Happened: Business Insider reported on Dec. 6, 2023, that Dorsey had shared with staff in a letter that the company would be undertaking “...

Spotify’s (NYSE:SPOT) CEO, Daniel Ek revealed a major restructuring plan for the company which will result in a workforce reduction of around 17%. What Happened: The announcement came to light earlier today when Ek issued a note to all employees. Ek stressed that for Spotify to grow as a...

In an unexpected turn, TikTok’s parent company, ByteDance Ltd. is preparing to bid farewell to the gaming industry by shutting down its principal brand, Nuverse, and eliminating hundreds of jobs. This decision puts its competitor, Tencent Holdings Ltd., in a more advantageous position. What...

Major changes are on the horizon at Citigroup Inc. (NYSE:C), as employees prepare for an extensive restructuring that includes significant layoffs and a senior management reshuffle, expected to be announced on Monday. What Happened: Reuters reported that the anticipated restructuring at...

In a surprising move, Google (NASDAQ:GOOGL) (NASDAQ:GOOG) has laid off dozens from its news team this week. This decision comes at a time when the role of online platforms in battling misinformation is increasingly under scrutiny. While the Google spokesperson confirmed the layoffs, they did not...

Ledger CEO Pascal Gauthier announced the company will trim 12% (almost 80 employees) from the ranks of its more than 700 employees. The Paris-based, crypto security company will consider local employment laws related to employees' departure. What Happened: “Macroeconomic...

Meta Platforms Inc. (NASDAQ:META), led by Mark Zuckerberg, has reportedly been preparing to lay off employees in its metaverse-oriented silicon unit, Reality Labs, with the announcement expected on Wednesday. What Happened: On Tuesday, employees at Meta’s Reality...

In October last year, when Elon Musk acquired Twitter, now rebranded as X, for a staggering $44 billion, few could have foreseen the storm that would follow: the controversial firing of 85% of the social media giant’s staff, leaving many questioning whether the tech...

Swedish telecom equipment maker Telefonaktiebolaget LM Ericsson ADR (NASDAQ: ERIC) will lay off 8,500 employees globally as part of a cost-cutting measure.  Reuters reports that layoffs are predicted to affect North America and would be the largest to hit the telecom...

Facebook parent company Meta Platforms Inc (NASDAQ: META) is preparing for a fresh round of job cuts, and it has delayed finalizing the budgets of multiple teams, according to the Financial Times.  Over the past few weeks, the company has not provided necessary clarity...

Twitter laid off thousands of workers in November 2022 in departments across the company, a move justified by its CEO Elon Musk. Then in January, the company laid off employees responsible for global content moderation.  Amidst the job cuts, several Twitter employees have...

As many tech giants have been executing an unprecedented level of layoffs, Apple Inc (NASDAQ: AAPL) has managed to avoid major job cuts even though it missed expectations for several of its lines of business announced during its first-quarter earnings. The iPhone maker announced its first quarterly...