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News Articles: tech layoffs

Daniel Ek, CEO of Swedish music streaming service Spotify, in 2016. On Monday, Ek announced Spotify would layoff 17% of employees.

Tagged as: 

  • Business

Spotify to cut 17% of staff in the latest round of tech layoffs

In a memo addressed to staff, CEO Daniel Ek said it was necessary for the company to "rightsize" after hiring too many people during 2020 and 2021. Roughly 1,500 workers are likely to be let go.

December 04, 2023
|
By:
  • Emily Olson
A Lyft logo is installed on a Lyft driver's car in Pittsburgh. The company announced this week that its making major cuts to its staff in a cost-saving move.

Tagged as: 

  • Business

Lyft is the latest tech company to cut jobs

Lyft will "significantly reduce" its staff to cut costs, said CEO David Risher, who took over as the ride-hailing company's leader just this week.

April 21, 2023
|
By:
  • Jaclyn Diaz
Layoffs are hitting some people who are on parental or medical leave. It is legal for employers to lay off an employee who's on leave as long as there's a legitimate business reason.

Tagged as: 

  • Business

Laid off on leave: Yes, it's legal and it's hitting some workers hard

The wave of layoffs in tech, media and elsewhere is affecting a sizable number of people who are out on medical or parental leave. While legal, it can make a bad situation even worse.

April 05, 2023
|
By:
  • Andrea Hsu
Amazon CEO Andy Jassy said the company is slashing 9,000 more jobs, bringing the total cuts since Nov. 2021 to 27,000.

Tagged as: 

  • Business

Amazon is cutting another 9,000 jobs as tech industry keeps shrinking

The announcement comes after the company said it was laying off 18,000 employees in January.

March 21, 2023
|
By:
  • Mary Yang
A person stands in front of a Meta sign outside of the company's headquarters in Menlo Park, Calif. on March 7.

Tagged as: 

  • Business

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

Meta CEO Mark Zuckerberg announced the company is cutting another 10,000 jobs after it laid off 11,000 workers late last year.

March 14, 2023
|
By:
  • Mary Yang
Zoom CEO and founder Eric Yuan speaks before the Nasdaq opening bell ceremony in April 2019. The company saw rapid growth during the pandemic but is now laying off about 15% of its workforce.

Tagged as: 

  • Business

Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut

Zoom, a hallmark of pandemic life, is laying off some 1,300 employees, or about 15% of its workforce. CEO Eric Yuan said he and other executives will take pay cuts and forgo bonuses.

February 08, 2023
|
By:
  • Rachel Treisman
Workers help set up the Google booth at the Las Vegas Convention Center before the start of the CES tech show, Monday, Jan. 2, 2023, in Las Vegas.

Tagged as: 

  • Business

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

The layoffs at Google follow similarly huge cuts at Microsoft, Amazon and Salesforce. Tech companies who hired rapidly during the pandemic now face fears of recession.

January 20, 2023
|
By:
  • Mary Yang
Microsoft said it plans to cut 10,000 jobs, or about 5% of its workforce, in the first months of 2023.

Tagged as: 

  • Business

Microsoft slashes 10,000 jobs, the latest in a wave of layoffs

Amazon, Salesforce and Goldman Sachs have also announced cuts during a brutal January for corporate workers.

January 18, 2023
|
By:
  • Bobby Allyn and
  • Mary Yang
Tech workers face widespread layoffs, a hardship notably for  immigrants relying on tech companies for work visas.

Tagged as: 

  • Economy

Find a new job in 60 days: tech layoffs put immigrant workers on a ticking clock

Last month, tech companies laid off about 50,000 workers, many of them immigrants on work visas. Now they have to find a job soon or leave the country.

December 08, 2022
|
By:
  • Stacey Vanek Smith

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