Tech firms have cut 34,000 jobs so far this year amid new investments in technology. A total of 141 companies have cut staff this year as of Sunday (Feb. 11), according to Layoffs.fyi, which monitors unemployment in the tech sector. Among those companies are PayPal, eBay, Microsoft and Snap....
Snap has become the latest tech company to cut staff as it chases profitability. The Snapchat parent company announced in a Securities and Exchange Commission (SEC) filing Monday (Feb. 5) that it plans to lay off 10% of its full-time workforce. “In order to best position our business...
Snapchat parent Snap has reportedly laid off workers with more job cuts to come. The social media platform cut several dozen staff members last week, Business Insider reported Saturday (Feb. 3), citing sources familiar with the company. One of these sources said Snap is expected to make more cuts this...
Google’s CEO has reportedly warned employees to expect more job cuts this year. “We have ambitious goals and will be investing in our big priorities this year,” Sundar Pichai said in a Wednesday (Jan. 17) staff memo seen by Alex Heath of The Verge. “The reality is that...
June 25, 2024
Last year was a rough one for the tech industry, which lost 260,000-plus jobs. Halfway into 2024, the sector has already cut 99,672 positions, Seeking Alpha reported Monday (June 24), citing data from the industry tracker Layoffs.fyi. The tech field eliminated 165,269 positions in 2022, the report said. The report also compiles some of the more notable […]
February 11, 2024
Tech firms have cut 34,000 jobs so far this year amid new investments in technology. A total of 141 companies have cut staff this year as of Sunday (Feb. 11),...
February 05, 2024
Snap has become the latest tech company to cut staff as it chases profitability. The Snapchat parent company announced in a Securities and Exchange Commission (SEC) filing Monday (Feb. 5) that...
February 04, 2024
Snapchat parent Snap has reportedly laid off workers with more job cuts to come. The social media platform cut several dozen staff members last week, Business Insider reported Saturday (Feb. 3), citing sources familiar with...
