E-commerce firm eBay Inc. said on Tuesday it will lay off 500 employees globally, representing 4 percent of its total workforce. Shares of the San Jose, California-based company rose about 1 percent in aftermarket trade. “This shift gives us additional space to invest and create new roles in high-potential areas—new technologies, customer innovations, and key…
Google Gives Notice to Canadian Workers Amid Global Layoff of 12,000
When Google announced late January it would lay off 12,000 workers globally, it started with U.S. employees while those in other countries, including Canada, waited in suspense to see if they would keep their jobs. The suspense ended Monday, with Google Canada sending out notice to Canadian employees. Spokesperson Lauren Skelly declined to say how…
Dell Cutting 5 Percent of Workforce Amid Downturn
Dell Technologies Inc. is set to cut about five percent of its global workforce, amid an “uncertain future” for the computer company. Dell has taken several measures in recent months to deal with “market conditions.” Those changes included freezing external hiring, limiting travel, and reducing expenses for outside service. In its latest Securities and Exchange…
US Layoffs Reach Two-Year High as Big Tech Cut Thousands of Jobs in January
February 3, 2023
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American companies announced last month the largest number of layoffs since September 2020, after tech firms cut positions at the second-highest pace on record as they prepare for a potential recession. The layoffs included 102,943 workers in January, more than twice the amount in December and up 440 percent from the same month in 2022, according…
The Management Racket Is Ending
February 2, 2023
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Commentary When I was 15, I had a wonderful time working at a local fish restaurant. I was a busboy and dishwasher and super proud of my job. Scrubbing pots and wiping down tables was a job of enormous responsibility. Leaving grease and sticky stuff on plates and seats was a sure way to drive…
The Washington Post Cuts 20 Newsroom Jobs
January 25, 2023
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The Washington Post announced that it will slash several positions in cutbacks, one week after the publication’s owner, Jeff Bezos, visited the offices. At least 20 newsroom staffers have been terminated, and 30 open positions will not be filled, according to a Jan. 24 note addressed to staff from the paper’s executive editor, Sally Buzbee. This is…
Spotify to Trim 6 Percent of Workforce in Latest Tech Layoffs
Music streaming service Spotify said on Monday that it will cut six percent of its workforce, or about 600 jobs, joining a growing list of technology companies in announcing job cuts to lower costs. CEO Daniel Ek announced the restructuring in a message to employees that was also posted on the company’s blog. “Over the…
NTD Business (Jan. 23): 20 Percent of US Firms to Cut Workers: Survey; Social Security Could Run Out by 2033: CBO
Bracing for a recession, one company out of five in the United States plans to lay off workers in the coming months, according to a new survey. The FDA is trying to simplify the COVID vaccine process to make it more like getting a flu shot every year. Social Security is running out of money….
Google Parent Alphabet to Cut 12,000 Jobs Amid Wave of Tech Layoffs
Google parent Alphabet Inc.’s CEO sent a note to employees Friday announcing the elimination of 12,000 jobs, as a response to economic changes over the past two years. The move—coming two days after a similar number of job cuts from Microsoft—will affect both U.S. and overseas employees. “Over the past two years we’ve seen periods…
Amazon Shuts Down Charity Program as Layoffs Continue
Amazon will discontinue its charity program called AmazonSmiles as the company continues to find ways to cut costs, which have included mass layoffs. The e-retailer’s charity allows shoppers to donate a percentage of eligible purchases on the site to their chosen charity organization. In an announcement, Amazon states it plans to wind down AmazonSmiles by…
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