“This is a gift,” Mr. Pulliam said. “I don’t think that story is told. It’s always doom and gloom.”But for tech workers experiencing their first economic downturn, the cuts have […]
Layoffs and Job Reductions
Trending topics and news from the Layoffs and Job Reductions category
Back to news homeGoogle Parent Alphabet to Cut 12,000 Jobs
Alphabet, the parent company of Google, said on Friday that it plans to cut 12,000 jobs, becoming the latest technology company to reduce its work force after a hiring spree […]
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
Microsoft on Wednesday became the latest addition to a growing list of big technology companies to lay off employees because of worries about the economy and overhiring during the pandemic.The […]
Investors Look to Corporate Reports With Low Expectations
The analysts who forecast the fortunes of corporate America have rarely been more pessimistic at the start of a year than they are in 2023.The country’s largest companies are about […]
A slowing job market poses risks for those who’ve been out of work for a while.
Jan. 4 Jan. 5 Jan. 6 3,820 3,840 3,860 For investors and policymakers, bad news may be good news when it comes to the latest data on the health of […]
As Silicon Valley Retrenches, a Tech Talent Shift Accelerates
“Nearly every company is going through this — they need tech talent,” said Lori Beer, global chief information officer at JPMorgan.More on Big TechIf the economy enters a recession, employment […]
Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts
Google workers in Switzerland sent a letter this month to the company’s vice president of human resources, outlining their worries that a new employee evaluation system could be used to […]
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
Investment banking revenue in the United States is expected to have dropped more than 50 percent from last year, to nearly $35 billion through mid-December, according to the data provider […]
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
“A plant can’t be permanently shuttered without the buy-in from the U.A.W.,” Ms. Dziczek said. “So this is a really significant round of talks coming up.”The Detroit automakers have idled […]
Streaming’s Golden Age Is Suddenly Dimming
American television viewers have become accustomed to it: Dozens of premieres every month, hundreds of shows every year, a guarantee from Hollywood that there’s always going to be something new […]