TAIPEI – Thousands of tech layoffs could end up being a boon for start-ups that struggled to hire talent during the heady days of sky-high valuations. The big catch: They must first ensure their own survival after venture capitalists pull back sharply in 2022. The history of Silicon Valley is full of stories of companies …
Tech layoffs this year offer a hiring boon for surviving startups Read More »
Now begins to (but just a little). By Wolf Richter for WOLF STREET. There have been countless layoff announcements, some of them by big tech and social media companies, others by companies that are constantly losing money and suddenly have to save money. – as per BuzzFeed earlier this week to lay off 12% of …
When will the waves of layoffs loosen this crazy job market? Read More »
Shopee has reportedly made three rounds of layoffs this year as its parent company, Sea Limited, struggles for profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia have laid off workers this year as macro headwinds deepened losses and venture capitalists pushed startups to expand their leads. Last week, online …
Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads Read More »
Evercore ISI Managing Director Mark Mahaney reveals which stocks could outperform if the US economy is hit by a recession on “Varney & Co.” The number of companies implementing layoffs is growing, with most citing tough economic conditions and recession fears as the driver. Even with high borrowing rates and persistent inflation, Jeffrey Pfeffer, a …
Layoffs: Companies copy others ‘in almost blind imitation’, says professor Read More »
Evercore ISI Managing Director Mark Mahaney reveals which stocks could outperform if the US economy is hit by a recession on “Varney & Co.” The number of companies implementing layoffs is growing, with most citing tough economic conditions and recession fears as the driver. Even with high borrowing rates and persistent inflation, Jeffrey Pfeffer, a …
Layoffs: Companies copy others ‘in almost blind imitation’, says professor Read More »
Early in the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has subsided, it’s those workers who are outnumbered and it’s the highest-paid employees who find themselves at the end of the layoff announcements. Among the branded companies that recently …
White-collar layoffs soar at brand companies amid economic downturn Read More »
Surbhi Gupta received an early morning email from Meta about the layoff Recent massive layoffs at major US tech companies have left many Indians working on non-immigrant visas such as the H1-B in limbo. Surbhi Gupta, product manager at Meta who was among those affected, spoke to California journalist Savita Patel about how it took …
Meta, Amazon and Twitter layoffs: ‘Tech layoffs won’t destroy Indian American dreams’ Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
The wave of tech layoffs and cost-cutting in the Bay Area adds to challenges in San Francisco’s struggling office market. It could also worsen a slowdown in Silicon Valley, which has outperformed its northern neighbor during the pandemic. San Francisco’s office vacancy rate – based on the amount of office space offered for rent or …
