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The Latest Breaking News on Big tech

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

Asharq Al-Awsat

Microsoft to layoff thousands of workers, says report

NEW DELHI: Microsoft employees are facing yet another bout of job cuts, as tech giants continue to pare staf amid persisting challenges to global economy.

The Times of India

Microsoft planning to slash thousands of jobs worldwide - report

Software giant Microsoft are preparing to cut tens of thousands of jobs, according to reports.

Evening Standard

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Apple CEO Tim Cook to take more than 40% pay cut

Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation

The Independent UK

Apple CEO Tim Cook to take a 40% pay cut this year

Cook’s compensation will drop to £45.1 million from £68 million last year.

Evening Standard

Apple boss Tim Cook to have pay slashed by over 40% this year after backlash

The Apple CEO, Tim Cook requested the 40% pay cut himself after fewer than two-thirds of Apple shareholders supported his pay package for the last few years

Daily Mirror

Apple’s Tim Cook to take 50% pay hit after shareholder feedback

‘Compensation’ for CEO down from $99.4m in 2022 to an expected $49m for current year

The Guardian - UK

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Apple’s Tim Cook takes rare CEO pay cut after pushback

SAN FRACISCO: Apple Inc is cutting chief executive officer Tim Cook’s compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.

The Times of India

Xbox sales doubled in Japan in 2022 despite software struggles

Nintendo Switch outsold Sony and Microsoft in Japan, but Xbox sales still doubled in 2022, even without any software hits

USA Today Sports Media Group

Microsoft will give US workers unlimited time off

Microsoft Corp said it is shifting vacation policy to give US workers unlimited time off, matching a system already in place at its LinkedIn unit.

The Times of India

Amazon loses bid to overturn historic union win on Staten Island warehouse

Amazon should recognize its first unionized warehouse in the U.S., a federal labor official ruled.

WEKU

Gourock Amazon plant closure looks set to have impact on Renfrewshire employees

The online retail giant confirmed yesterday that its Inverclyde operation is to shut with a loss of 300 jobs.

Daily Record

FM pledges to help Amazon workers in Gourock facing redundancy

NICOLA Sturgeon has pledged the Scottish Government will help Amazon workers facing the loss of their jobs “where we can” after the online…

The National (Scotland)

Amazon to shut three UK warehouses amid cost-cutting drive

The move is likely to affect 1,200 jobs

Evening Standard

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Daily Mirror

Amazon to shut three UK warehouses this year with 1,200 jobs affected

The Amazon sites that have been proposed for closure are in Hemel Hempstead, Doncaster and Gourock - but the company says all affected workers will be offered roles at other locations

Daily Record

Amazon to close Gourock plant with loss of 300 local jobs

It is understood workers were told about the plans, which will be consulted on, last night

Glasgow Live

Amazon to axe 18,000 jobs as it cuts costs throughout 2023

The online retailing giant has said that they plan to cut thousands of jobs as it battles to save money throughout the cost of living crisis - meaning that 18,000 will lose out.

Irish Mirror

Amazon Ireland job fears as firm to cut 18,000 roles globally in bid to slash costs

It is understood the job losses will include Europe, but Amazon has not given details of how each country, including Ireland, will be affected. Amazon employs around 5,000 people in Ireland.

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Dynamite News

Amazon To Lay Off Over 18,000 People: CEO Andy Jassy

Amazon CEO Andy Jassy said the company planned to eliminate over 18,000 people, thousands more than originally expected. Read on for details:

Chronicle Live

Amazon set to axe 18,000 jobs worldwide in largest layoffs in its history

The online retail firm said roles that will be affected the most include those across its stores, such as Amazon Fresh and Amazon Go, as well as its human resources division

Daily Mirror

Amazon will axe 18,000 jobs amid 'uncertain economy' as it aims to cut costs

The news came from a memo sent by Chief Executive Officer at Amazon Andy Jassy, as the retail giant will slash thousands of job around the world including in Europe

Evening Standard

Amazon announces fresh wave of layoffs taking total job cuts to 18,000

CEO Andy Jassy said the move was about ‘finding a way to do more for customers at a lower cost’

Dublin Live

Amazon to slash over 18,000 jobs as part of massive layoffs

Last year it was reported that the tech giant was planning to cut 10,000 jobs with then-Tanaiste Leo Vardakar stating no job losses were anticipated for Ireland

The Guardian - UK

Amazon to axe 18,000 workers as more US tech firms cut jobs

Amazon boss blames economic uncertainty and recent rapid hiring while Salesforce cuts 8,000 roles, almost 1 in 10 staff

Axios

Amazon to cut 18,000 jobs

That figure adds new layoffs on top of a previously announced workforce reduction of 10,000.

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