But despite this steady drip of layoffs, the latest jobs report indicates that the labor market is still going strong. According to the report, which was released this morning, employers added 353,000 new jobs in January—job growth that actually exceeded expectations. (The Dow Jones estimate leading up to the jobs report had put the number … Read more
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While … Read more
In the final days of doomed news website The Messenger, insiders painted a chaotic scene of checked-out-bosses and furious staffers — some of whom had already “tapped out” because they had no faith in CEO Jimmy Finkelstein. The accounts from several of the roughly 300 journalists who were fired when the startup went belly-up Wednesday … Read more
Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As tech firms prioritize investments into artificial intelligence and go on … Read more
Levi Strauss forecast annual sales and profit below Wall Street expectations on Thursday and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business. Levi attributed the weak forecast to plans to exit its Denizen brand and cut back on off-price sales, … Read more
Last week, Brittany Pietsch had a bad feeling she was about to get laid off. So the Cloudflare employee composed herself and secretly pressed record. Her subsequent conversation with two members of Cloudflare’s human resources team went viral, with a number of viewers commending Pietsch for sticking up for herself after the HR employees told … Read more
A worker delivers Amazon packages in San Francisco on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images Amazon is laying off about 30 employees in its Buy with Prime unit, CNBC has learned, as it continues to look for ways to trim costs. The cuts affect fewer than 5% of staff in the Buy … Read more
Angry Googlers are finished being nice. Current and former employees of the tech behemoth took to LinkedIn to vent their frustrations at the way management has handled the most recent round of layoffs — with one software engineer blasting higher-ups as lacking “one single visionary leader.” “From the C-suite to the SVPs to the VPs, … Read more
A new year can be full of fresh resolutions and prosperous opportunities – but how does 2024 fare if you’re looking for a new job? Three career experts and coaches spoke to FOX News Digital explaining how to navigate a market that’s “fierce” with competition, looming with layoffs and pending impact from the Federal Reserve rate … Read more
A TikToker is going viral after secretly recording herself getting remotely laid off from computer and network security company, Cloudflare. Brittany Pietsch recorded the nine-minute-long clip on January 12 after about four months with the company and said she knew that the layoff was most likely coming, which prompted her to start recording. But instead … Read more
