New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn around its fortunes
TECHNOLOGY POWERING BUSINESS
News Lay Off
LinkedIn To Shutter China Site, Cut 716 Jobs
Microsoft-owned business social network LinkedIn to close remaining China job application service, cut 716 jobs amidst tougher regulation
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales
Intel Posts Largest Ever Quarterly Loss, But Shares Rise
Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price rises
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
Meta Lays Off Technical Staffers, In Another Workforce Blow
Second tranche of layoffs begin at Meta Platforms, as engineers and other technical staff are made redundant
Elon Musk Axed 80 Percent Of Staff, Admits Painful Tenure
Musk tells BBC Twitter is now roughly breaking even and advertisers are returning, but admits running platform is “quite painful”
Google Staff In London Walkout Over Job Cuts
Some of Google's 5,000 staff in the UK walkout over dispute about job cuts, mirroring similar walkout in Zurich last month
Virgin Orbit Lays Off 85 Percent Of Staff
Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations
Accenture To Cut 19,000 Jobs, After Lowering Forecasts
Accenture confirms it will axe 19,000 jobs, or 2.5 percent of its workforce, amid “significant economic and geopolitical uncertainty”
Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure
Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding
Just Eat Cuts 1,700 Jobs As Delivery Growth Slows
Just Eat cuts 1,700 delivery jobs a month after similar move by Deliveroo, as pandemic-era takeaway delivery growth stalls
Amazon To Cut 9,000 More Jobs
Amazon to cut further 9,000 jobs as it looks to 'streamline' company as uncertain economy follows pandemic hiring spree
Meta To Layoff Another 10,000 Staff
Mark Zuckerberg's 'year of efficiency' continues after he makes “difficult decision” to axe 10,000 jobs, on top of November's 11,000 layoffs
New Meta Layoffs ‘Could Match Those of Last Year’
Upcoming layoffs at Meta could reportedly cut same proportion of staff as those announced last November, as company reins in spending
Elon Musk Apologises To Sacked Twitter Worker
Musk issues rare apology over sacking of Twitter worker who publicly asked whether he had been fired or not, as he lays out turnaround plans
Musk Apologises After Mocking Fired Twitter Director
Haraldur Thorleifsson asked Elon Musk if he had been fired. Musk mocked him in his reply, but later backtracked and apologised
Meta Planning Thousands More Job Cuts – Report
Zuckerberg's promise of “year of efficiency” at Meta likely to entail more job losses, according to media report
Amazon Pauses Construction At Second HQ In Virginia
Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant
Zoom Abruptly Fires President Greg Tomb
After axing 15 percent of its workforce, Zoom abruptly fires President Greg Tomb in a “termination without cause”
Ericsson Pleads Guilty Over Bribery Charges, Axes 8,500 Jobs
Thousands of staff impacted by headcount reduction, as giant telecoms giant pleads guilty to US bribery charges
Waymo Cuts 8 Percent Of Staff
Alphabet's self-driving car division admits it has cut approximately 8 percent of workforce in two rounds of layoffs this year
Twitter Cuts 10 Percent Of Staff, Including #SleepWhereYouWork Exec
Latest round of cuts at Twitter affects 10 percent of staff, incuding executive pictured sleeping on floor last November
Meta Prepping Fresh Round Of Layoffs – Report
Facebook parent Meta is reportedly planning a fresh round of job cuts, after axing more than 11,000 staff last year
Elon Musk Denies Firing Tesla Staff After Unionisation Attempt
Union alleges Tesla fired 30 plus supporters of recent unionisation attempt, but Musk says decision was taken before this
Twitter Created System To Promote Elon Musk Tweets – Report
Elon Musk hints at new CEO for Twitter, amid reports engineers were ordered to create system to promote his tweets
Yahoo To Lay Off 20 Percent Of Workforce
Job losses to begin at Yahoo with 1,600 staff set to lose their positions, in latest tranche of layoffs impacting tech sector
Zoom Sheds 15 Percent Of Workforce
Post Covid pandemic reality bites as Zoom confirms it will axe 15 percent of its workforce, which impacts 1,300 jobs
Dell To Cut Thousands Of Jobs Amidst PC Demand Slump
PC maker Dell to cut about 6,650 jobs as post-pandemic demand for PCs expected to continue decline through 2023