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The Latest Breaking News on Why your employer might be taking away some much-loved benefits very soon

Layoffs take their toll on tech's most interesting projects

Some of Big Tech's riskiest — yet most intriguing and futuristic — bets are first on the chopping block

Axios

Microsoft to lay off 120 Irish staff as part of global job cuts

Microsoft had previously announced it was going to cut a whopping 11,000 of its 221,000 full-time jobs across the world

Dublin Live

Big tech job cuts keep coming; Zoom latest to trim headcount

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month

The Independent UK

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read the most diverse news in one place.

The CEO contradiction: Corporate leaders are afraid of a recession but nearly 70% plan to hire more people this year

While most CEOs are preparing for a recession, they’re also hoarding talent. “Employees may be able to breathe a sigh of relief,” says Dana Peterson, the Conference Board’s chief economist.

Fortune

A clear target emerges in tech layoffs: Middle managers

As Meta Platforms Inc., Alphabet Inc. and other Silicon Valley behemoths look to lighten payrolls after years of feverish hiring, a clear target has emerged: the middle manager.

Tribune News Service

Dell to cut 5% of global workforce as ‘uncertain future’ looms

US-based PC maker makes move in order to reduce costs as ‘market conditions continue to erode’

The Guardian - UK

Dell to slash over 6,000 jobs amid slump in demand for PCs

The firm said previous cost-cutting measures like pausing hiring and limiting travel expenses were no longer enough

Evening Standard

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The surprisingly large hidden costs of mass layoffs

As more companies desperately use layoffs to cut costs, they may fall into an inviting trap.

Fortune

Brian Merchant: How Big Tech is using mass layoffs to bring workers to heel

In Silicon Valley, the new year began as the last one ended — with tens of thousands of tech workers losing their jobs. Just a few days into 2023, Amazon Chief Executive Andrew Jassy announced that there would be 18,000 layoffs across the company. Within weeks, Microsoft revealed it was…

Los Angeles Times

Revolut to hire 1,700 more staff as London fintechs defy global jobs cull

While the layoff headlines might be gloomy, recruitment is continuing in London’s world leading fintech sector, which appears to be remarkably resilient

Evening Standard

How to prepare for a potential layoff

In the current climate, no job is secure. Here's how to emotionally, financially and professionally prepare if you're worried your job is next on the chopping board.

Fortune

How to conduct layoffs keeping employee well-being a priority along with business viability

Fortune provides a new guide to conducting layoffs the right way.

Fortune

5 takeaways from the massive layoffs hitting Big Tech right now

Some 200,000 tech jobs have been lost in what is seen as one of the sharpest downturns in the tech industry's history. Here is what you need to know about the mass layoffs in Silicon Valley.

WEKU

Today's Tech Giants Show That Market Dominance Is Transitory

Market forces have historically disrupted the tech sector and will continue to do so.

Reason

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Asharq Al-Awsat

Microsoft Quarterly Results Saved by Cloud Computing

Microsoft on Tuesday said sales slowed and profits slumped in the last quarter of 2022 as a darkening economic outlook pushed it to lay off 10,000 workers. The Washington state-based tech giant -- owner of LinkedIn, Xbox and Windows -- said overall sales rose just two percent in the October-to-December…

The Conversation

Big Tech is firing employees by the thousands. Why? And how worried should we be?

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines.

Fortune

Google CEO Sundar Pichai says he will take less pay this year following in the steps of JPMorgan's Jamie Dimon and Apple's Tim Cook

In a company-wide meeting on Monday, Pichai announced that senior executives would take a "very significant" pay cut, according to reports.

Fortune

A top tech analyst just warned another 15% to 20% of big tech employees could be laid off over the next 6 months

“Ultimately, it keeps coming back to, simply, these companies added too many people too fast,” Deepwater Asset Management’s Gene Munster said on Monday.

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news in one place.

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The Times of India

Tech layoffs: Jobless Indian IT professionals are trying hard to find new employment in US

NEW DELHI: After a year that was marred with geopolitical uncertainties and related impacts like soaring inflation, tightening monetary policy and slowing economic growth, the year 2023 started with a series of layoffs at big companies like Google, Microsoft, Amazon and more.

The Independent UK

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been about 50,000 job cuts across the technology sector

Fortune

Big tech is crowing about A.I. as it lays off tens of thousands of workers

Microsoft is letting go of 10,000 workers while CEO Satya Nadella tells Davos, "A golden age of A.I. is underway."

Fortune

Alphabet’s layoff notice shows Microsoft and OpenAI are getting under the Google parent’s skin

The search giant used its layoff announcement to foreshadow the coming release of A.I.-powered products.

The Independent UK

Google announces mass layoffs amid tech slump. Read the CEO’s full memo on the cuts

More than 50,000 workers at big tech firms have lost their jobs in recent months

The Independent UK

Google announces ‘difficult news’ as it fires 12,000 staff

Staff cuts follow similarly vast reductions at Microsoft, Amazon and Meta

The Independent UK

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been about 50,000 job cuts across the technology sector

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People

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