Category: Layoffs and Job Reductions

U.S. Added 261,000 Jobs in Strong Showing

Job growth is slowing but remains stronger than comfortable for the Federal Reserve, which is trying to tame high inflation.
Confusion and Frustration Reign as Elon Musk Cuts Half of Twitter’s Staff

The layoffs hit across many divisions, including the engineering and machine learning units, the teams that manage content moderation, and the sales and advertising departments.
Employers added 261,000 jobs in October, a sign that the economy is resilient.
Elon Musk Begins Layoffs at Twitter

The social media company’s 7,500 employees have been bracing for job cuts since Mr. Musk took it over last week.
Elon Musk, Under Financial Pressure, Pushes to Make Money From Twitter

The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes

Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

At least four Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

At least three Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.
Job Openings Rose in September Despite Higher Interest Rates

The labor market has remained stronger than expected even as the Federal Reserve has tried to get inflation under control.
Elon Musk, Plus a Circle of Confidants, Tightens Control Over Twitter

The billionaire and a group of his friends and advisers are working on layoff plans and how to swiftly change Twitter’s product, said people with knowledge of the matter.
Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.

Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.
Elon Musk Is Said to Have Ordered Job Cuts Across Twitter

The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.