In October last year, US authorities banned the shipment to China of devices that enable the manufacture of 3D NAND solid-state memory with more than 128 layers, and these sanctions were clearly aimed at the leading Chinese industry YMTC, which...
cuts
Google announced last week that it would lay off 12,000 employees, about 6% of the company’s workforce. Of that, 1845 workers will be cut just in Google’s “native” US state of California, which means he takes on 15% of all...
A while ago there were rumors that only 1,300 employees remained at Twitter. In fact, Twitter has significantly more staff, Elon Musk said in response to previously released information about the ongoing mass layoffs on Twitter. Credit: REUTERS/Dado...
The mass layoffs at Google announced the day before will have a major impact on the start-up incubator Area 120, which the company has previously used as a platform for developing innovative ideas. The agency announced Bloomberg with reference to a...
Google CEO Sundar Pichai approached the company open letter, in which he announced that he intends to lay off around 12,000 employees. Comprehensive support is promised to all those who have lost their jobs. Image source: Sundar Pichai The Google...
Microsoft has confirmed its intention to cut 10,000 employees. As it turned out, they were employees of the company’s gaming division, as well as members of the team responsible for developing the HoloLens augmented reality headset. Image...
Some Twitter employees who lost their jobs last year are trying to sue the company, which was acquired by Elon Musk in October. According to various estimates, extensive staff cuts affected between half and two-thirds of the workforce. The court...
The generally unfavorable situation on the consumer electronics market in China at the end of the first half of the year was exacerbated by the consequences of lockdowns, which had to hit technology market participants accordingly. The drop in...
Many tech giants have recently announced they are laying off thousands of employees. Adobe also decided to follow the general trend, but on a much smaller scale. The company announced it would lay off 100 employees to cut costs. Image source: Adobe...
Twitter’s drastic downsizing following Elon Musk’s acquisition of the company in late October has worried not only cybersecurity experts, but also those responsible for maintaining the social network’s network infrastructure. The...
At a recent Credit Suisse conference, Intel CFO David Zinsner reiterated that the company aims to reduce costs by $3 billion by 2023. Of course, this will not avoid staff cuts. That the savings are not always achieved through direct layoffs can be...
Against the background of the economic crisis, Google plans to introduce an employee evaluation system, which the company will use to get rid of 10,000 underperforming employees in the next year. Image source: Jonny Gios/unsplash.com The company...
Elon Musk’s activity as the main owner of Twitter and the company’s CEO does not think it will slow down, which can even be seen from the fact that he holds meetings with employees on weekends. The billionaire said the cuts were over...
By last Thursday evening, Twitter employees should express their willingness to push ahead with the reform of the company under the leadership of Elon Musk (Elon Musk), those who wish could leave on their own initiative. Earlier this week, Twitter...
The large-scale downsizing initiated by the new Twitter owner Elon Musk (Elon Musk) was not limited to American employees. Previously, the Twitter division in India was almost completely reduced, and in the European direction, the head of the...
Friday has already become something of a “moment of truth” for current Twitter workers as it marks the second time Elon Musk has made layoffs since buying the company in late October. This time, remaining employees were promised an...
It was originally believed that the urgency of Twitter’s cuts stemmed from Elon Musk’s desire to avoid compensation for prior periods in the form of company stock. The new business owner later clarified that all payments due would be...
One of the first steps in Twitter’s new cost-cutting leadership was a massive layoff, affecting about half of the company’s full-time employees. As it became known over the weekend, contractors were also seriously affected –...
Meta CEO* Mark Zuckerberg has officially announced that the company will lay off 11,000 employees, which is approximately 13% of their total. Mr. Zuckerberg blamed himself and his excessive optimism about the company’s growth amid the pandemic...
Twitter will not be the only social network to shed several thousand people this year. Co-founder Jack Dorsey has previously said that Twitter’s nearly halved workforce is partly due to its early optimism, a similar confession at an internal...
