Zoom, the video conferencing company that made billions amid the 2020 pandemic, announced Tuesday it plans to cut about 1,300 employees or 15% of its workforce. In a blog post on the company’s website, CEO Eric Yuan said: “We have […]
Dell becomes the latest company to lay off thousands of employees. Today, the computer maker announced it is cutting about 6,650 jobs, or 5% of its global workforce amid what it describes as amid ‘uncertain market future.’ The company has […]
German enterprise software giant SAP announced Wednesday it will be laying off 3,000 employees, or about 2.5% of its workforce. In addition to the layoff, SAP also said that it was exploring the sale of its stake in US-based survey […]
Good evening! Below are some of the top tech startup news stories for Wednesday, January 25, 2023. Tesla reports record revenue, beats analysts’ expectations Elon Musk’s electric vehicle maker Tesla beat Wall Street targets in its fourth-quarter revenue and profit […]
Gemini, a crypto exchange founded by the Winklevoss twins, is laying off 10% of its total workforce. Gemini now joins a long list of crypto companies that have announced or planning to freeze hiring as FTX contagion spreads across the […]
Spotify is the latest tech company to lay off its staff as tech companies battle with the global economic slowdown. Spotify announced on Monday that it plans to lay off 6% of its employees, or about 600 jobs, adding to […]
Google’s parent Alphabet becomes the latest in a series of tech companies to announce a layoff. Today, Alphabet announced it is cutting about 12,000 jobs, or 6% of its workforce, the company said in a memo to employees on Friday. The […]
Good evening! Below are some of the top tech startup news stories for Tuesday, January 17, 2023. Microsoft to fire 11,000 employees, roughly 5% of its total workforce Just three months after confirming it was laying off about 1,000 of its […]
ShareChat is the latest Indian tech startup to lay off staff amid the global economic downturn. ShareChat, which was backed by Google and Singapore-based Temasek, announced Monday it has let go of about 20% of its 2,000-person workforce, as tech […]
We’re only two weeks into 2023 and more than 23,000 tech workers have already been laid off. The latest is SmartNews, a Tokyo, Japan-headquartered news aggregation website and app. SmartNews announced today it is laying 40% or around 120 of its U.S. […]
Tech layoffs continue unabated as a slew of big tech companies — ranging from Facebook’s Meta to Twitter— are letting employees go due to the ongoing recession and global economic slowdown. Stitch Fix is the latest to join the layoff phenomenon after the […]
Just like an angel of death knocking at the door of every crypto company, crypto winter has come for Huobi. The crypto exchange is laying off 20% of its staff, Reuters reported Friday. The layoff is the latest sign of deep […]
Israeli-founded gaming giant Playtika is laying off 615 employees as part of the company’s broader restructuring. The company confirmed today following last week’s speculation that the company was planning to part with 500 employees this week. Playtika CEO and Founder Robert Antokol officially […]
