Lots of tech company workers have found themselves unemployed recently. And with the likes of Amazon and Meta confirming new rounds of layoffs just this month—even more former employees of big tech are likely to be job hunting soon. Read...
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Adobe has promised there will be no more layoffs in 2023 as the company opens its fourth office, based in San Jose, California. Standing at 18 stories and 1.25 million square feet, Adobe’s new office tower has the capacity to hold 3,000 employees, all of whom will be given a hybrid or remote...
Zuckerberg’s ‘Year of Efficiency’ Could Mean More Layoffs After Dismal Performance Reviews
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Meta may be gearing up for yet another round of layoffs as employees report receiving lower-than-average performance reviews this week. Tech industry layoffs have become the norm in recent months, with Meta having laid off 11,000 employees in November, while CEO Mark Zuckerberg proclaimed 2023...
Silicon Valley layoffs have become commonplace in the last several months as one after another announced they were letting staff go. This time, the latest round of layoffs will affect Zoom employees, as CEO Eric Yuan cited an unpredictable economy and the possibility of a recession. Read...
PagerDuty CEO Jennifer Tejada, the author of the worst tech layoff email in recent months, wants you to know that she’s sorry. In hindsight, she said, refusing to say the word “layoffs” and quoting Martin Luther King Jr. was probably not the right thing to do when you’re laying off 7% of...
As layoffs continue to plague the tech sector, even the titans of the industry aren’t safe. Amidst ongoing layoffs at Google, we’ve learned the company has let go of its mental health executive, according to Insider. Read...
Spotify informed its employees on Monday that it will be cutting jobs this week, making it the latest in a wave of mass layoffs following hiring surges during the height of the covid-19 pandemic. CEO and Spotify co-founder, Daniel Ek, announced the change in a memo to staff, saying the company was...
Layoffs are plaguing the tech industry left and right, but that doesn’t mean the big-wigs have to suffer too. Ahead of laying off several thousand employees, Microsoft hosted an exclusive Sting concert at Davos for executives. Read...
There’s at least one silver lining for tech workers who’ve faced a year of unprecedented layoffs and market instability. Most of the laid-off workers, according to new research, are at least landing on their feet. Read...
Yes you read all of that correctly. The U.S. Space Force is the reigning champ of the Call of Duty Endowment’s esports league, having secured a trophy in last year’s video game tournament. Space Force is now defending its title and taunting their competitors by launching the trophy into space....
Amazon sent a letter to some of its employees this week offering a buyout program if they voluntarily resigned. The proposal is a “voluntary severance” that would provide employees with three months’ pay if they selected to leave the company amidst mass layoffs at the company. Read...
ID.me, the controversial biometric identification verification company whose facial match technology provoked a major privacy backlash at the IRS earlier this year, may have misled the public and lawmakers when its CEO claimed the U.S. lost $400 billion to fraudulent pandemic unemployment claims....
Twitter began its highly anticipated mass layoffs Thursday evening by eliminating its top internal critics. Twitter’s Ethical AI team, according to former staff, is no more. Read...
Tens of thousands of tech employees in jobs previously thought to be secure and high-paying have had to pack their bags in recent months. They’re seeking out new positions as a downturn in the wider economy hits the tech industry especially hard. SoundCloud, one of the leading music streaming...
Tens of thousands of tech employees in jobs previously thought to be secure and high-paying have had to pack their bags in recent months. They’re seeking out new positions as a downturn in the wider economy hits the tech industry especially hard. SoundCloud, one of the leading music streaming...
Tens of thousands of tech employees in jobs previously thought to be secure and high-paying have had to pack their bags in recent months. They’re seeking out new positions as a downturn in the wider economy hits the tech industry especially hard. SoundCloud, one of the leading music streaming...
Meta’s reportedly moving to combine two integrity teams in charge of moderating different types of content under one roof in an effort to cut down costs. The significant reorganizing comes as some workers continue to fear the prospect of potential layoffs looming over the horizon. Read...
Tens of thousands of tech employees in jobs previously thought to be secure and high-paying have had to pack their bags in recent months. They’re seeking out new positions as a downturn in the wider economy hits the tech industry especially hard. SoundCloud, one of the leading music streaming...
Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May. The layoffs represent close to 5% of the...
Issues With Face Recognition Software Used to Verify Unemployment Recipients Is Costing People Benefits
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The facial recognition program used by 22 U.S. states to reduce unemployment fraud has been failing to correctly identify recipients, causing dozens of people to be denied benefits or have their applications put on hold, Motherboard reports. Read...
Nearly 80% of the 346,000 workers who vanished from the U.S. labor force in January are women
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The pandemic forced another 275,000 women out of the U.S. labor force in January, worsening the catastrophic employment crisis for working women. Women accounted for almost 80% of U.S. adults who stopped working or looking for work last month, according to an analysis of Friday’s jobs report...
The Washington state government has suffered a large data breach involving unemployment claims, potentially exposing data on more than 1.6 million people, officials admitted Monday. Read...
The streak of seven consecutive months of job growth has come to an end, as the country netted 140,000 lost jobs in December. Those layoffs come at a time when more than 19 million Americans are still receiving unemployment benefits. The good news? Aid is on its way. The $900 billion stimulus...
At this rate it could take 3 years for employment to recover—But here’s how stimulus could help
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The recovery of the U.S. economy is clearly in a precarious spot. The unemployment rate for December remained flat from November at 6.7%, and the economy lost 140,000 jobs for the month—the first monthly net loss since April. For economists like Moody’s Analytics’ Mark Zandi,...
The economic effects of COVID-19 could prove deadlier than the disease itself. So says just-released research, which concludes that the total lives lost to the virus in the U.S. may “far exceed those immediately related to the acute COVID-19 critical illness…. [T]he recession caused by...
By one measure, this recovery is 10 times faster than the one after the Great Recession—but there’s a catch
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The early months of the coronavirus pandemic saw the U.S. economy plunge at its fastest rate in history. Over a two-month period, the jobless rate shot up from 3.5% in February 2020 to 14.7% in April—its highest level since 1940—while second quarter GDP declined 32.9% on an annualized basis....
You can’t blame Americans for being eager to receive their stimulus money: With a weakening economic recovery and an out-of-control pandemic, the direct payments included in the $900 billion stimulus package signed into law by President Donald Trump on Dec. 20 are literally a lifeline for...