Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
TECHNOLOGY POWERING BUSINESS
News job losses
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
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”
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
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
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
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
Meta Prepping Fresh Round Of Layoffs – Report
Facebook parent Meta is reportedly planning a fresh round of job cuts, after axing more than 11,000 staff last year
Avaya Files For Chapter 11 Protection, Again
Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels
Yahoo To Lay Off 20 Percent Of Workforce
Job losses to begin at Yahoo with 1,600 staff set to lose their positions, in latest tranche of layoffs impacting tech sector
Zoom Sheds 15 Percent Of Workforce
Post Covid pandemic reality bites as Zoom confirms it will axe 15 percent of its workforce, which impacts 1,300 jobs
Rivian To Axe 6 Percent Of Jobs Amid EV Price War
Another tranche of job losses for Rivian Automotive, after it says it is laying off 6 percent of its workforce
UK NCC Group To Cut Workforce By 7 Percent – Report
More tech cuts but closer to home. Manchester-based cybersecurity firm NCC Group will cut workforce by 7 percent
PayPal To Axe 7 Percent Of Workforce
More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”
Intel Cuts Pay For Staff, Executives
Salaries for mid-level staff and senior management at Intel have been cut after it posted lower-than-expected sales forecast
IBM And SAP To Cut Thousands Of Jobs
Two more tech players announce culling of thousands of jobs, with IBM letting go 3,900 positions and SAP cutting 3,000
Twitter Ad Spending Fell Over 70 Percent In December – Report
New data suggests advertisers continue to shun Elon Musk's Twitter, as another report states there are now just 550 engineers remaining
Twitter Plans More Staff Layoffs – Report
Weeks after Elon Musk tells Twitter staff there will be no further layoffs, comes report of more redundancies
Microsoft Confirms It Will Axe 10,000 Jobs
Software giant Microsoft adds to the glut of job losses occurring within the tech sector, after it confirms 10,000 jobs are to go
Microsoft To Cut Thousands Of Jobs – Report
Software giant Microsoft said to be finalising plans to axe 11,000 positions, in latest job cull in tech industry
Britishvolt Calls In Administrators, After Months Of Struggle
Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for administration
Alphabet Unit Verily To Axe 15 Percent Of Staff – Report
Verily is to axe 15 percent of its workforce as it reportedly seeks to distance itself from Google owner Alphabet
Twitter Makes More Cuts To Trust, Safety Teams – Report
Is there anyone left to sack? Owner Elon Musk reportedly makes more layoffs to Twitter’s trust and safety teams
Twitter’s Last Pre-Musk Executives Resign
Katie Marcotte, a 10-year Twitter veteran and it's acting head of human resources, plus product engineering head Behnam Rezaei, have resigned
Amazon To Axe More Than 18,000 Jobs
E-commerce giant Amazon is to axe thousands more staff than previous reported, as major layoffs continue in early 2023
Salesforce To Axe more Than 10,000 Staff
More bad news for Salesforce staffers, as Marc Benioff confirms firm will again axe employees, this time 10 percent of workforce
Micron To Axe 10 Percent Of Staff, Amid Heavy Fab Spending
As it spends billions of dollars building new chip plants in the US, Micron confirms it will axe 10 percent of its workforce
Tesla Staff Face New Layoffs – Report
Electric car giant Tesla will reportedly undertake another round of job layoffs in the next quarter, and freeze all hiring