Tech
2025-02-12T19:03:29Z
As layoffs continue to sweep across tech companies, firms continue to hire. Some even plan to grow their head count this year.
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Meta job cuts shock employees as even those with strong performance records face layoffs.
Experts say such labels can create additional barriers for laid-off employees searching for new jobs.
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The social media giant has said it's taking a tougher stance on underperforming employees.
While the reasons for slimming staff vary, the cost-cutting measures are coming amid a backdrop of technological change.
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Meta employees in a communications watch group accuse the company of censoring internal discussion.
Business filings of mass layoff plans have been elevated in recent months. The unemployment rate is historically low, but ticked steadily higher last year.
Tech
2025-02-06T07:26:18Z
When Levchin first conducted layoffs, "I didn't know what I was doing and I was terrified of owning the responsibility that I screwed up," he said.
Tech
2025-02-01T09:01:01Z
Meta kicked off 2025 by overhauling its content moderation system, rolling back DEI, and announcing more layoffs — all in the span of days.
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Sherwood, the digital publisher owned by stock-trading and financial services firm Robinhood, has conducted layoffs.
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The termination letters say healthcare benefits will stop immediately.
Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
Bosses are mandating returns-to-office, cutting costs, and rolling back DEI plans, indicating that some managers are less empathic with workers.
The new administration is emailing government employees draft resignation letters. Musk sent a similar email to Twitter staff in 2022.
Media
2025-01-23T14:08:00Z
CEO Mark Thompson told staff the moves aimed to better serve audiences and "secure CNN's future as one of the world's greatest news organizations."
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The payments company laid off 300 employees on Monday, primarily in product, engineering, and operations roles.
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Stripe's chief people officer, Rob McIntosh, told employees in an email that the company still planned to grow its head count this year.
When companies cut jobs, many resort to language like "rightsizing" to try to soften the blow. It doesn't work.
BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on Thursday.
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TechCrunch has become the latest publisher to be hit by layoffs, following The Washington Post, HuffPost, and Vox.