Dive into the tech & future
Apple, the only Big Tech company that avoided mass layoffs, has started laying off third-party contractors, a report has said, adding that firing contractors is a move to cut costs.Citing people with direct knowledge, The New York Post reported that the iPhone maker has quietly started to cut ties with hundreds of contractors. “Instead of … 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
Zoom has become the latest company to announce job cuts. Eric Yuan, CEO of Zoom, announced that the company is laying off 1,300 employees, which translates to about 15% of its staff. Each organisation across Zoom will be impacted by the job cut. According to a memo from the CEO, the job cuts are global … Read more
Over-hiring, uncertain global macro-economic conditions, strong tailwinds from the Covid-19 pandemic and more forced several tech companies to cut jobs at the end of 2022. The mass layoffs at these companies have also continued in 2023. Moreover, the first month of this year is said to be the worst one for tech workers. According to … Read more
Amazon has done it. So have Google, Microsoft, Intel, Twitter, Meta, Spotify and many others. You name it and almost every big tech company has done it, except one: Apple. We are talking about layoffs across the world. Apple, so far, has shied from laying off employees, even though it reported quarterly results which weren’t … Read more
Thousands of tech employees have lost their jobs recently. Companies like Google, Amazon, Microsoft and others announced job cuts last month. Now another company has joined the list. Payments firm PayPal has announced that it is planning to cut up to 7% of its workforce which accounts for close to 2,000 employees.“While we have made … Read more
Bloomberg | | Posted by Ritu Maria Johny Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to save cash it needs to invest in a turnaround plan. Chief Executive Officer Pat Gelsinger is taking a 25% cut to his base salary, the chipmaker said Tuesday. … Read more
PayPal Holdings Inc. said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters. The cuts, which will affect about 7% of employees, will take place in the coming weeks, Chief Executive Officer Dan Schulman told employees in a memo. “While we have made … Read more