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Flexport fired its CEO, CFO and HR chief resigned, 15 months after the logistics startup raised $1 billion in funding
Daniel Levi Posted On September 27, 2023


Early this month, Flexport founder Ryan Petersen removed Dave Clark as CEO and took back the reins of his supply chain software startup. Just three weeks later, Flexport has now fired its chief financial officer (CFO) Kenny Wagers, and its head […]


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Foodpanda cuts more jobs after 1,000 layoffs in February, now up for sale
Nickie Louise Posted On September 22, 2023


Singapore-based food delivery startup Foodpanda confirmed on Friday that it is conducting a new round of layoffs as part of the company’s effort to cut costs and stay competitive. The company did not disclose the number of affected employees or […]


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T-Mobile to lay off 5,000 workers as the U.S. economy slows down
Nickie Louise Posted On August 24, 2023


Amidst growing economic uncertainty, T-Mobile announced on Thursday its plans to reduce its workforce by 7%, resulting in the elimination of approximately 5,000 jobs. This announcement is yet another indication that the US economy is entering a phase of slowdown. In […]


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Amazon lays off some staff in its Pharmacy business, 6 months after launching a pharmacy subscription plan
Nickie Louise Posted On July 14, 2023


Early this year, Amazon rolled out its $5 monthly pharmacy subscription plan for U.S. Prime members that covers a range of generic drugs and their doorstep delivery. At the time of the launch, the e-commerce giant said that the $5 […]


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Microsoft confirms it’s laying off more workers in addition to the 10,000 job cuts announced in January
Nickie Louise Posted On July 11, 2023


While the tech stocks have had a great year so far, the same cannot be said about tech employees as they face more job cuts. In a surprised announcement on Monday, Microsoft confirmed that it is eliminating additional jobs in […]


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Latin America unicorn startup Merama lays off nearly 10% of its workforce to refocus on strategy
Nickie Louise Posted On June 30, 2023


Merama, a Latin America-based e-commerce startup that achieved unicorn status within just a year in business, has laid off nearly 10% of its staff, according to an exclusive report from Reuters, citing a statement from the company CEO Sujay Tyle. […]


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Google is laying off employees at Waze; merges the popular navigation app with its own mapping products
Nickie Louise Posted On June 28, 2023


Google is cutting jobs at its popular navigation app Waze as it continues to merge the unit with its own mapping products, CNBC reported on Tuesday. According to the report, the decision comes as the tech giant plans to integrate Waze […]


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13 out of every 100 laid-off workers started their own business, sparking a new wave of startups 
Nickie Louise Posted On June 8, 2023


At the beginning of this year, we wrote a piece about how mass tech layoffs have led to a new wave of startups.  The global economic downturn that started in the second quarter of 2022 is beginning to have a major […]


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Reddit to lay off about 5% of its workforce as tech job cuts top 200,000
Nickie Louise Posted On June 6, 2023


Social aggregation site Reddit announced Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of other tech giants that have frozen hiring across the globe. The Wall Street Journal first reported the layoff news […]


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Spotify lays off 2% of its workforce as tech job losses continue
Nickie Louise Posted On June 5, 2023


Spotify is the latest tech company to lay off staff as tech companies battle with the global economic slowdown. Spotify announced on Monday that it’s laying off roughly 200 employees, or about 2% of its-person workforce, as part of what […]


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Facebook’s Meta starts its third-round of layoffs to eliminate 10,000 jobs
Daniel Levi Posted On May 24, 2023


Facebook parent company Meta has started its three-part round of layoffs. The latest round of layoffs, which follows a previous round in April, targets mostly employees of Meta’s business groups. The series of layoffs are part of a plan Meta […]


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Alibaba to lay off 7% of workforce in its cloud division ahead of the unit IPO
Daniel Levi Posted On May 23, 2023


Chinese tech giant Alibaba becomes the latest in a string of tech companies announcing layoffs in the month of May. Alibaba said today it is cutting 7% of the workforce in its cloud computing unit. The move comes as the […]


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LinkedIn lays off 716 workers and shut down its China jobs app
Daniel Levi Posted On May 9, 2023


LinkedIn, the professional social media platform Microsoft acquired in 2016 for $26.2 billion, announced on Monday that it is cutting 716 jobs due to decreased demand. The social giant also announced it is shutting down its China-focused job application. The […]


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Intel plans fresh round of layoffs following the biggest quarterly loss in company history
Nickie Louise Posted On May 8, 2023


Late last month,  Intel reported its first-quarter results with a staggering 133 percent annual decline in the earnings per share, making it the biggest quarterly loss in company history. The company revenue also fell by nearly 36 percent to $11.7 billion. […]


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Shopify to lay off more than 2,000 employees, or 20% of its workforce
Nickie Louise Posted On May 4, 2023


Canadian e-commerce company Spotify becomes the latest tech company to announce job cuts amid the ongoing economic slowdown and geopolitical uncertainties. Shopify announced Wednesday that it’s laying off more than 2,000 people, or 20% of its workforce. In addition, the […]


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Video game developer Unity Software to lay off 600 employees, or 8% of its workforce
Nickie Louise Posted On May 3, 2023


Video game developer Unity Software becomes the latest tech company to announce job cuts as the tech layoff trend continues without signs of slowing down. On Tuesday, Unity said it will lay off 600 employees, equivalent to 8% of its […]


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Vice is preparing to file for bankruptcy just 2 weeks after Buzzfeed News shuttered
Daniel Levi Posted On May 2, 2023


First, it was BuzzFeed News, now Vice is reportedly preparing to file its own bankruptcy. The New York Times reported late yesterday that Vice Media Group, the parent company of media websites Vice and Motherboard, is on the verge of […]


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Clubhouse, a social audio platform startup valued at $4 billion a year ago, is laying off half of its staff
Daniel Levi Posted On April 28, 2023


“Today we announced that we’re scaling back our org by over 50% and saying goodbye to many talented, dedicated teammates in the process. We’re deeply sorry to be doing this, and we would not be making this change if we […]


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Dropbox to lay off 16% of its global workforce, hire new talent to develop AI offerings
Nickie Louise Posted On April 27, 2023


Cloud storage provider Dropbox becomes the latest tech company to let go of its employees. The San Francisco, California-based Dropbox announced today its plans to reduce its global workforce by 16% as part of the cut-cutting measures caused by slowing […]


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Rapid, an Israeli startup valued at $1 billion a year ago, lays off half of its workforce
Daniel Levi Posted On April 26, 2023


API unicorn Rapid (formerly known as Rapid AP) valued at $1 billion just a year ago, has laid off half its workforce, translating to about 115 employees. The unicorn startup doubled its team over the past year at a time […]


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