Category: Layoffs and Job Reductions

Why Office Buildings Are Still in Trouble

Hybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate business.
Elon Musk Gives Twitter Employees a Deadline to Stay or Leave

Mr. Musk said workers would need to answer through an online form by late Thursday and those who stayed would be “working long hours at high intensity.”
Elon Musk Fires Twitter Employees Who Criticized Him

Mr. Musk, who is rapidly transforming the social media company, also has cut its contractor work force.
Amazon Is Said to Plan to Lay Off Approximately 10,000 Employees

The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.
Inside Elon Musk’s Takeover of Twitter

Mr. Musk ordered immediate layoffs, fired executives by email, laid down product deadlines and has transformed the company.
Elon Musk Paints Bleak Picture in Email to Twitter Employees

In his first communications with Twitter’s staff, the company’s new owner painted a bleak picture as more employees resigned.
Laid Off by Twitter, Then Tweeting About It

Tech companies that created more workplace transparency see their own tools used to critique them.
When Tech Stocks Sputter, the Entire Stock Market Sinks

Stocks like Meta, Microsoft, Amazon and Apple have suffered staggering losses this year. But is this a good time to buy? Maybe, if you’re in it for the long term, our columnist says.
Tech’s Talent Wars Have Come Back to Bite It

Hiring the best, the brightest and the highest number of employees was a badge of honor at tech companies. Not anymore as layoffs surge.
Redfin, the Online Real Estate Broker, Lays Off 13% of Its Staff

The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.
Elon Musk’s Twitter Did Not Perform at Its Best on Election Day

False narratives about voting in the midterm elections proliferated on the platform, which has shed half its employees since Mr. Musk bought the company last month.
Redfin, a Real Estate Broker, Lays Off 13% of Its Staff

The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.