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Bosch to cut 1,200 software jobs by 2026 amid rising costs and slowdown in automated driving sector
Daniel Levi Posted On January 18, 2024


The world’s largest automotive supplier Bosch is planning to cut around 1,200 jobs in the software division by the end of 2026, 950 of them in Germany, the company confirmed in a statement with Italian Handelsblatt Daily on Thursday. The […]


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Reddit IPO: Reddit plans to go public in March
Nickie Louise Posted On January 18, 2024


Reddit, the widely popular online forum celebrated for its lively communities and meme-driven culture, is gearing up for a major milestone: an impending initial public offering (IPO) potentially scheduled for as early as March 2024. This move has the potential […]


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Tech companies lay off over 7,500 employees in the first 2 weeks of 2024
Daniel Levi Posted On January 15, 2024


In just the first two weeks of 2024, tech companies have already laid off over 7,500 employees. According to the layoff tracking website Layoffs.fyi, 48 tech companies laid off a total of 7528 employees. Despite tech stocks experiencing a notable rebound […]


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Discord lays off 17 percent of employees in second round of job cuts
Nickie Louise Posted On January 12, 2024


Discord is laying off 17 percent of its workforce, or about 170 people, the largest to date after the messaging app laid off 4 percent of staff last August. This move, the largest layoff for the messaging app so far, follows […]


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Google lays off hundreds in voice assistant, hardware, engineering teams; Fitbit co-founders left in a major shakeup
Nickie Louise Posted On January 11, 2024


Alphabet’s Google announced on Wednesday it is laying off hundreds of employees across various teams, including Google Assistant, hardware, and engineering. This move follows the commitment made by Google and Alphabet executives to cut costs, with Fitbit co-founders James Park […]


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Amazon’s Twitch to lay off 500 employees, or 35% of its workforce
Nickie Louise Posted On January 10, 2024


Twitch, the live-streaming platform owned by Amazon.com Inc., is reportedly planning to reduce its workforce by around 35%, or approximately 500 employees, according to a report from Bloomberg. Individuals familiar with the situation said that this move is part of […]


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Unity Software to lay off 1,800 employees, or 25% of its workforce
Nickie Louise Posted On January 9, 2024


Unity Software, a San Francisco-based video game software provider, is undergoing its largest layoff ever, cutting around 25% of its workforce, equivalent to 1,800 jobs, the company said in a regulatory filing and an internal memo circulated on Monday. The […]


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The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, to lay off staff after raising $50 million in funding
Nickie Louise Posted On January 4, 2024


The Messenger, a digital news startup founded by a seasoned media investor and entrepreneur who previously owned The Hill, is reportedly set to lay off around two dozen employees this week due to financial challenges and diminishing cash reserves, according […]


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Alibaba-owned e-Commerce startup Lazada begins new round of layoffs across Southeast Asia
Nickie Louise Posted On January 4, 2024


Lazada, an e-commerce startup owned by Alibaba, has begun its latest round of layoffs that affect staff across Southeast Asia, according to a report from CNBC, citing a source familiar with the situation. This move follows several media reports about […]


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GM’s Cruise lays off 900 employees, or 24% of its workforce
Nickie Louise Posted On December 14, 2023


General Motors’ Cruise announced in an internal memo on Thursday that it will lay off 900 employees or 24% of its workforce, the automotive giant confirmed to CNBC. This workforce reduction adds to the recent challenges faced by the Robotaxi […]


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Twilio to lay off 5% of its workforce in third round of job cuts as tech layoffs top 250,000
Nickie Louise Posted On December 4, 2023


Twilio is laying off about 5%, or 295, of its total workforce by the first quarter of 2024 in a strategic move toward achieving profitable growth. The news comes just ten months after the Cloud communications platform laid off 17% […]


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Spotify to lay off 17% of its workforce in third round of job cuts
Nickie Louise Posted On December 4, 2023


Spotify announced on Monday it will lay off 17% of its workforce, or about 1,500 employees, to bring down costs. The latest round of job cuts comes after the music-streaming giant laid off 600 of its staff in January, and […]


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Zepz, a $5 billion fintech unicorn startup and owner of WorldRemit, cuts more staff in another round of layoffs
Nickie Louise Posted On December 1, 2023


Zepz, a unicorn fintech startup that owns WorldRemit, announced a new round of layoffs affecting 30 employees in its people and marketing functions, according to an exclusive report from CNBC. The startup, valued at $5 billion and backed by major […]


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Snapchat parent company lays off product team staff as tech layoffs surge to nearly 250,000
Nickie Louise Posted On November 13, 2023


Snap, the parent company of Snapchat, has laid off nearly 20 employees who held product management titles as part of the company’s effort to reorganize and streamline its operations, Snap announced in a statement last week. According to The Information […]


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Splunk to lay off 7% of workforce, ahead of $28 billion Cisco acquisition
Nickie Louise Posted On November 1, 2023


Splunk announced on Wednesday it is laying off nearly 7% due to the challenges posed by an uncertain global economic situation in the cybersecurity and cloud software industry. As of January 31, Splunk boasted 8,000 employees and approximately 560 employees […]


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Google lays off dozens of staff in its news division
Nickie Louise Posted On October 19, 2023


Google has fired dozens of staff in its news division this week, cutting approximately 40-45 jobs, CNBC reported. These layoffs are part of Google’s broader efforts to downsize in response to slower growth and uncertain economic conditions. The specific positions […]


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LinkedIn fires nearly 700 employees in second round of layoffs
Nickie Louise Posted On October 17, 2023


LinkedIn, a Microsoft-owned professional networking and hiring platform, has laid off 668 employees mostly in its finance, engineering, and talent departments. This reduction accounts for approximately 3% of the company’s workforce, which surpasses 20,000 employees. . The layoff announcement marks the […]


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Stack Overflow lays off 28% of its total workforce amid challenges posed by generative AI
Nickie Louise Posted On October 16, 2023


Stack Overflow is laying off 28% of its staff. In an announcement on Monday, CEO Prashanth Chandrasekar revealed that the company is reducing its total workforce by about 28% as part of cost-cutting measures to address new challenges. Over the […]


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Flexport is laying off 20% of its workforce one month after the logistics startup ousted its CEO, Dave Clark
Nickie Louise Posted On October 13, 2023


Logistics startup Flexport is planning to cut about 20% of its global workforce in a new round of layoffs following a 20% layoff in January, CNBC reported. Citing an internal memo to the company’s employees, CNBC said that CEO Ryan Petersen […]


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Epic Games is laying off 16 percent of its employees, or about 830 of its workforce
Nickie Louise Posted On September 29, 2023


Fortnite maker Epic Games is laying off about 830 employees, 16 percent of its total workforce, the company announced Thursday. In addition to the layoff, the company also said it is selling its music platform Bandcamp and spinning off its […]


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