Category: Layoffs and Job Reductions

Mark Zuckerberg Defends Push Toward Metaverse At DealBook Summit

The company has poured billions into the construction of the metaverse, which has been slow to take off.
CNN Cuts Jobs as Cost-Cutting Pressure Mounts

Chris Licht, the network’s chairman, said that the company would be notifying affected employees later this week.
Job Openings Ease, but Layoffs Are Little Changed

Government data for October shows the labor market is still strong, though cooling slightly.
Sympathy, and Job Offers, for Twitter’s Misinformation Experts

Seeing false and toxic information as a potentially expensive liability, companies in and outside the tech industry are angling to hire people who can keep it in check.
Business Travel’s Rebound Is Being Hit by a Slowing Economy

By the early fall, domestic business travel was back up to nearly two-thirds of its prepandemic level. But companies have now begun to cut back.
Tech Turmoil Complicates Canada’s Policing of the Online World

The government has four bills before Parliament to reign in tech giants at a time when the industry is retrenching.
Saluting in Solidarity

As employees in tech face layoffs, an emoji meets its moment.
As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid

Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company’s vendors have gotten stiffed.
What Elon Musk Is Doing to Twitter Is What He Did at Tesla and SpaceX

Firing people. Talking of bankruptcy. Telling workers to be “hard core.” Mr. Musk has repeatedly used those tactics at many of his companies.
Elon Musk’s Twitter Teeters on the Edge After Another 1,200 Leave

Mr. Musk sent emails on Friday asking to learn about Twitter’s underlying technology as key infrastructure teams have been decimated.
Are the Federal Reserve’s Rate Increases Working?

The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
Hundreds of Twitter Workers Quit as Musk Demands Loyalty

Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.