Dive into the tech & future
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by news agency Reuters said. The job cuts at Ericsson are the largest layoffs to hit the telecom industry this year so far. The company is seeking cost reductions at … Read more
Salesforce announced last month that is laying off about 10% of its workforce and will also be closing some offices. Its CEO Marc Benioff in a letter to employees said that the company made the decision to reduce headcount because the [economic] environment is challenging. Weeks after the layoffs, the top executive of the company … Read more
It’s hard to feel sorry for Silicon Valley tech workers. From high salaries and generous stock options to nap pods and unlimited time off, they’re among the most privileged class of employees in the world. Conversely, there’s no denying that these pampered staffers engineered a technology revolution that’s brought untold economic and social value to … Read more
Microsoft, that announced layoffs of five percent of its total team earlier this year, has not spared even its up-and-coming units dedicated to Virtual Reality (VR) and the metaverse. The software giant has reportedly decided to draw curtains over two related projects – Altspacevr and the Mixed Reality Tool Kit. In the days to come, … Read more
Google‘s parent company Alphabet is laying off employees amid global macroeconomic conditions. The job cut has affected 40 employees, or 20% of its total workforce, working in the company’s robot software firm Intrinsic.As per a report in TechCrunch, the company’s “Other Bets” division is the first to be impacted in the technology conglomerate. A company … Read more