Tag: Layoff
Business
OpenAI Fired CEO Sam Altman Due to a Lack of Confidence in His Leadership
OpenAI has announced the dismissal of its CEO, Sam Altman. The decision, as revealed by the company's board, stems from a loss of confidence in Altman's...
Business
Controversy Erupts as Big Tech Companies Hire Low-Wage Foreign Workers Following Mass Layoffs
Adwaith -
In a concerning trend, several major tech companies are reportedly hiring foreign workers at low wages shortly after announcing significant layoffs. Despite cutting a...
Internet
Dropbox Announces Layoffs and Shift Towards AI as Company Strategy
Vishak -
Dropbox announced it will lay off 500 employees, around 16% of its workforce. The layoffs will affect various departments, including marketing, customer support, and recruiting. The...
Business
BuzzFeed News Shuts Down Amid Company-Wide Layoffs
BuzzFeed News, BuzzFeed.com's renowned news arm, has announced its closure as part of a fresh round of layoffs that would reduce the company's personnel by 15%....
Business
Google Steps Up Cost-Cutting Measures, Including Reductions in Equipment and Services
Adwaith -
Google, the tech giant that laid off 12,000 employees in January, is reportedly intensifying its cost-cutting efforts by implementing more measures to reduce equipment,...
Business
Apple Starts Layoffs in Apple Store Division: A Last Resort Measure
Vishak -
Recent media reports suggest that Apple has begun laying off employees responsible for the construction and maintenance of their Apple Stores. While it's being...
Business
Disney Scraps Metaverse Plans as Part of Divisional Layoffs
Disney had planned to enter the so-called Metaverse for its next-generation storytelling and consumer experience, but The Wall Street Journal reported that the plan was scrapped...
Business
Mark Zuckerberg Announces Massive Job Cuts In Meta: Affecting 10,000 Employees
Meta, Facebook and Instagram's parent company, has revealed plans to lay off a further 10,000 workers in addition to the 11,000 layoffs announced in November 2022. This...
Business
Microsoft to Layoff 689 Employees in Latest Round of Cuts
Microsoft has announced its plans to lay off 689 employees at its Redmond headquarters and nearby offices. The decision comes as part of a wider cost-cutting...