Category: Layoffs and Job Reductions

When Tech Stocks Sputter, the Entire Stock Market Sinks

The New York Times – Business:
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

The New York Times – Business:
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 New York Times – Business:
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

The New York Times – Business:
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 New York Times – Business:
The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.
Meta Lays Off More Than 11,000 Employees

The New York Times – Business:
The parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.
Meta Is Said to Plan Significant Job Cuts This Week

The New York Times – Business:
Mark Zuckerberg, Meta’s chief executive, said last month that many “teams will stay flat or shrink over the next year” as his company faces economic challenges.
U.S. Added 261,000 Jobs in Strong Showing

The New York Times – Business:
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 New York Times – Business:
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.

The New York Times – Business:
Elon Musk Begins Layoffs at Twitter

The New York Times – Business:
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 New York Times – Business:
The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.