Meta Tells Staff Exactly When They Will Be Laid Off: Memo

Meta Tells Staff Exactly When They Will Be Laid Off: Memo

Meta sent employees an internal memo on Friday outlining what to expect as the tech giant implements its latest round of layoffs affecting 5% of its 72,000-person workforce, around 3,000 employees. A memo obtained by Business Insider and posted to Meta’s internal Workplace forum by Vice President of Human Resources Janelle Gale said that employees … Read more

Meta plans to begin slashing 5% of low-performers on Monday: report

Meta plans to begin slashing 5% of low-performers on Monday: report

Meta boss Mark Zuckerberg will reportedly begin slashing staff on Monday — and the company posted an internal memo telling workers what to expect ahead of the performance-based job cuts. The Facebook parent — which plans to chop 5% of its workforce — will notify Impacted employees via their work and personal emails, according to … Read more

Walmart axing jobs, closing office as more white-collar workers asked to relocate

Walmart axing jobs, closing office as more white-collar workers asked to relocate

Exclusive: Walmart – the nation’s largest private employer – is eliminating hundreds of roles and closing one of its North Carolina offices as it continues to pull workers back to its main hubs in California and Arkansas, according to an internal memo seen by FOX Business on Tuesday. Walmart Chief People Officer Donna Morris said in the memo … Read more

What to consider in a performance-based layoff

What to consider in a performance-based layoff

Over the past few weeks, both Meta and Microsoft have announced that they will be conducting company wide performance-based layoffs. Meta even put a marketing spin on the practice of getting rid of employees based on poor performance, calling it “non-regrettable attrition.” On the surface this may make sense: leaders want to ensure every individual … Read more

Microsoft’s Termination Letter For Underperforming Employees: Guise For Corporate Cost-Cutting?

Microsoft’s Termination Letter For Underperforming Employees: Guise For Corporate Cost-Cutting?

Microsoft has faced a wave of backlash after a leaked termination letter revealed the company’s new practice of swiftly cutting ties with staff deemed ‘underperforming’, even withholding healthcare benefits and, in several reported cases, refusing severance pay. The letter, which has circulated widely on social media, has sparked debate over whether the technology giant is … Read more

Google Asks Platforms and Devices Team to Voluntarily Resign

Google Asks Platforms and Devices Team to Voluntarily Resign

Over 1,400 Google employees signed a petition this week calling for more job security and asked the company to implement buyouts, or financial incentive packages to leave the company voluntarily, instead of resorting to mass layoffs. Now, Google appears to be taking them up on their advice, beginning with a buyout. Google senior vice president … Read more

Here’s What Amazon Is Doing To Cut Down On Middle Management

Here’s What Amazon Is Doing To Cut Down On Middle Management

Amazon announced on Wednesday that it was laying off dozens of workers in its communications and sustainability departments, and earlier this month, the company let go of 200 employees from its North America stores team. It’s only the beginning. In September, Amazon CEO Andy Jassy announced that the company would be eliminating excess layers of … Read more

Legoland Florida to lay off 234 performers and entertainment workers

Legoland Florida to lay off 234 performers and entertainment workers

Legoland Florida plans to lay off 234 workers, primarily performers, in an effort to be more competitive in central Florida’s thriving theme park market, company officials said. The theme park resort in Winter Haven, Florida, said in a notice to the state of Florida last Friday that the permanent layoffs would start at the end of … Read more

Payment Processor Stripe Lays Off Employees Via Cartoon Duck

Payment Processor Stripe Lays Off Employees Via Cartoon Duck

News of layoffs has seemed nonstop in January, with CNN, Citigroup, and Microsoft all cutting roles this week alone. Usually, these notices are pretty standard—heavy on the legal wording, and light on the cartoons. But that wasn’t the case at Stripe, a payments software company that laid off 300 employees on Monday. Some employees in … Read more

CNN, NBC News planning mass layoffs: report

CNN, NBC News planning mass layoffs: report

CNN boss Mark Thompson reportedly plans to announce mass layoffs Thursday – just days after he warned top on-air talent including Jake Tapper and Anderson Cooper that they ought to avoid “pre-judging” President Donald Trump. The ratings-challenge cable news pioneer will lay off hundreds of employees as it refocuses the business around a global digital … Read more