The social media platform now has a work force of less than 2,000, down from 7,500 when Elon Musk took it over in October.
Category: Layoffs and Job Reductions
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What Layoffs? Many Employers Are Eager to Hang On to Workers.
Despite interest rate increases meant to cool the labor market, companies outside the tech industry worry about having too few workers, not too many.
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The Furniture Hustlers of Silicon Valley
As tech companies cut costs and move to remote work, their left-behind office furniture has become part of a booming trade.
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BASF to Cut 2,600 Jobs After a Year of High Energy Costs
The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.
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NPR to Cut 10% of Its Staff
The nonprofit media organization, which has a staff of about 1,100 people, said the layoffs were required because of a slowdown in advertising and a drop in corporate sponsorships.
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Young Tech Workers Are Turning to TikTok to Cope With Layoffs
Some workers are using the platform to share stories about job cuts, give advice and search for new roles.
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Higher Bills Are Leading Americans to Delay Medical Care
Inflation and pressing household expenses are forcing some people to postpone health needs, an emerging trend that has health experts worried that conditions may only worsen.
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Podcast Companies Face Layoffs, Budget Cuts and Scuttled Deals
“The dumb money era is over” as layoffs, budget cuts and scuttled deals challenge a long-booming industry.
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What Layoffs? Top Wall Street Traders Score Giant Paydays
Some large hedge funds that profited off the recent market volatility are wooing traders with tens of millions of dollars in guaranteed payouts.
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Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.
The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.
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In an Uncertain Job Market, How Can Companies Retain Workers?
Although some employees might decide to stick with their jobs when the market appears uncertain, work force reductions can, conversely, spur more quitting.