Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
Verizon warns customer service employees of impending layoffs- The Verge
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but certain to result in significant layoffs, the…
Layoffs, Higher Prices And Fewer Choices Could Be Consequences Of Biden’s New Policy, Experts Warn
Layoffs, Higher Prices And Fewer Choices Could Be Consequences Of Biden’s New Policy, Experts Warn John Hugh DeMastri on April 12, 2023 Economists and industry experts have expressed concern that the Biden…
Twitter again accused of legal violations during mass layoffs
By Daniel Wiessner (Reuters) – Twitter Inc faced a lawsuit on Tuesday accusing the social media giant of illegally laying off contract workers without notice after Elon Musk bought the company last…
Stellantis, unions agree on layoffs, hiring at Italy’s Atessa plant
MILAN (Reuters) – Italian metalworkers unions said on Wednesday they had reached an agreement with Stellantis for up to 120 layoffs through voluntary redundancies at the group’s Atessa van-making plant in the…
Walt Disney Co begins 7,000 layoffs
By Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more “streamlined” business, according to…
Tech Giants Unveil Even More Layoffs As Bloated Sector Struggles
Tech Giants Unveil Even More Layoffs As Bloated Sector Struggles Jason Cohen on March 7, 2023 Big tech companies Meta, Atlassian, Sirius XM, and Microsoft are laying off substantial segments of their…
VR firm Pico, owned by Chinese TikTok maker ByteDance, announces ‘small’ layoffs
By Josh Ye HONG KONG (Reuters) – Pico, a virtual reality (VR) headset manufacturer owned by TikTok’s Chinese developer ByteDance, said on Friday it was laying off a small number of people,…
‘We’ve Lost Key Battles’: Big Tech Companies Quietly Reduce Censorship Teams Following Legal Battles, Layoffs
‘We’ve Lost Key Battles’: Big Tech Companies Quietly Reduce Censorship Teams Following Legal Battles, Layoffs Katelynn Richardson on February 14, 2023 Big Tech companies have quietly cut their censorship teams as they face…
Canada expected to buck trend of big investment banking layoffs
By Maiya Keidan TORONTO (Reuters) – Some of Canada’s top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups and downs…
Microsoft Posts Worst Earnings In Years After Major Layoffs
Microsoft Posts Worst Earnings In Years After Major Layoffs Lorenzo Prieto on January 24, 2023 Microsoft experienced its slowest quarter of growth in the last six years in the three months ending…
Tech Layoffs Just Keep Coming As Spotify Makes A Giant Cut To Workforce
Tech Layoffs Just Keep Coming As Spotify Makes A Giant Cut To Workforce John Hugh DeMastri on January 23, 2023 Audio streaming platform Spotify is laying off 6% of its staff, becoming…
Twitter plans further layoffs – Insider
(Reuters) – Twitter Inc plans to lay off 50 workers in the social media site’s product division in the coming weeks, news site Insider reported on Wednesday, citing two people familiar with…
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
By Jeffrey Dastin and Yuvraj Malik DAVOS, Switzerland (Reuters) – Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers…
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT John Hugh DeMastri on January 11, 2023 BlackRock, the world’s largest asset manager and possibly the most high-profile of…
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
By Hannah Lang (Reuters) – The crypto industry’s woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and…
Big tech layoffs may further disrupt equity and diversity efforts
By Doyinsola Oladipo NEW YORK (Reuters) – 2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one…
Sales Software Firm Becomes Latest Tech Titan To Issue Layoffs
Sales Software Firm Becomes Latest Tech Titan To Issue Layoffs John Hugh DeMastri on January 4, 2023 Salesforce, the owner of popular business communication app Slack and developer of other sales software,…
Twitter’s top global policy official departs as layoffs continue
By Fanny Potkin and Paresh Dave (Reuters) – Twitter Inc’s public policy chief has left the company amid additional layoffs to the unit on Thursday, sources familiar with the matter told Reuters,…
New law would require more severance pay from employers during mass layoffs in New Jersey
TRENTON, NJ – Running a business in New Jersey is hard, but during hard times, such as forced government closures as a result of future possible health emergencies, shutting a failing business…
Elon Musk Targeted Women In Mass Twitter Layoffs, Class Action Lawsuit Alleges
Elon Musk Targeted Women In Mass Twitter Layoffs, Class Action Lawsuit Alleges John Hugh DeMastri on December 8, 2022 UPDATE: This story has been updated to include a comment from Lichten &…
Latest Twitter lawsuit says company targeted women for layoffs
By Daniel Wiessner (Reuters) – Twitter Inc has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of disproportionately targeting…
CNN informs employees that layoffs are under way – memo
(Reuters) -Warner Bros Discovery-owned CNN’s top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are under way, according to an email seen by Reuters. Licht said CNN…
Twitter says lawsuit over layoffs lacks merit and has delayed severance pay
By Daniel Wiessner (Reuters) – Twitter Inc has told a federal judge in San Francisco that a lawsuit claiming the company violated U.S. law by laying off thousands of workers without notice…
‘It’s over’: Twitter France’s head quits amid layoffs
PARIS (Reuters) -Twitter Inc’s head of French operations, Damien Viel, said he was quitting the social media platform, whose new owner Elon Musk recently fired top executives and enforced steep job cuts…
Musk tells Twitter staff no more layoffs planned – Verge
(Corrects syntax, adds Twitter in headline) (Reuters) – Twitter’s new owner Elon Musk told staff in an all-hands meeting that the company does not plan more layoffs and is recruiting for engineering…
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