Niantic, developer of popular AR game Pokemon Go, lays off quarter of workforce, cancels two games amidst post-pandemic revenue slowdown
TECHNOLOGY POWERING BUSINESS
News Lay Off
Google Axes Waze Staff Amid Consolidation
Worrying sign for Waze? Six months after Alphabet merged its Waze and Google Maps teams, comes news of Waze layoffs
Reddit To Axe 5 Percent Of Workforce
More layoffs in tech sector, as Reddit confirms it will dismiss approximately 5 percent of its workforce and reduce hiring
Amazon Staff Walkout Over Environment, Return To Office Policies
Challenge to Andy Jassy, as Amazon corporate workers set to walkout over return-to-work and environmental policy frustrations
Meta Starts Axing Nearly 20 Percent Of Irish Workforce
Nearly 500 jobs are being axed at Meta's international headquarters in Ireland, in its third and final round of layoffs
BT To Cut 55,000 Jobs By 2030
Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles will be replaced by AI
Vodafone To Cut 11,000 Jobs, After Strategic Review
New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn around its fortunes
LinkedIn To Shutter China Site, Cut 716 Jobs
Microsoft-owned business social network LinkedIn to close remaining China job application service, cut 716 jobs amidst tougher regulation
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales
Intel Posts Largest Ever Quarterly Loss, But Shares Rise
Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price rises
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
Meta Lays Off Technical Staffers, In Another Workforce Blow
Second tranche of layoffs begin at Meta Platforms, as engineers and other technical staff are made redundant
Elon Musk Axed 80 Percent Of Staff, Admits Painful Tenure
Musk tells BBC Twitter is now roughly breaking even and advertisers are returning, but admits running platform is “quite painful”
Google Staff In London Walkout Over Job Cuts
Some of Google's 5,000 staff in the UK walkout over dispute about job cuts, mirroring similar walkout in Zurich last month
Virgin Orbit Lays Off 85 Percent Of Staff
Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations
Accenture To Cut 19,000 Jobs, After Lowering Forecasts
Accenture confirms it will axe 19,000 jobs, or 2.5 percent of its workforce, amid “significant economic and geopolitical uncertainty”
Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure
Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding
Just Eat Cuts 1,700 Jobs As Delivery Growth Slows
Just Eat cuts 1,700 delivery jobs a month after similar move by Deliveroo, as pandemic-era takeaway delivery growth stalls
Amazon To Cut 9,000 More Jobs
Amazon to cut further 9,000 jobs as it looks to 'streamline' company as uncertain economy follows pandemic hiring spree
Meta To Layoff Another 10,000 Staff
Mark Zuckerberg's 'year of efficiency' continues after he makes “difficult decision” to axe 10,000 jobs, on top of November's 11,000 layoffs
New Meta Layoffs ‘Could Match Those of Last Year’
Upcoming layoffs at Meta could reportedly cut same proportion of staff as those announced last November, as company reins in spending
Elon Musk Apologises To Sacked Twitter Worker
Musk issues rare apology over sacking of Twitter worker who publicly asked whether he had been fired or not, as he lays out turnaround plans
Musk Apologises After Mocking Fired Twitter Director
Haraldur Thorleifsson asked Elon Musk if he had been fired. Musk mocked him in his reply, but later backtracked and apologised
Meta Planning Thousands More Job Cuts – Report
Zuckerberg's promise of “year of efficiency” at Meta likely to entail more job losses, according to media report
Amazon Pauses Construction At Second HQ In Virginia
Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant
Zoom Abruptly Fires President Greg Tomb
After axing 15 percent of its workforce, Zoom abruptly fires President Greg Tomb in a “termination without cause”
Ericsson Pleads Guilty Over Bribery Charges, Axes 8,500 Jobs
Thousands of staff impacted by headcount reduction, as giant telecoms giant pleads guilty to US bribery charges
Waymo Cuts 8 Percent Of Staff
Alphabet's self-driving car division admits it has cut approximately 8 percent of workforce in two rounds of layoffs this year
Twitter Cuts 10 Percent Of Staff, Including #SleepWhereYouWork Exec
Latest round of cuts at Twitter affects 10 percent of staff, incuding executive pictured sleeping on floor last November