Category: Layoffs and Job Reductions

Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes

The New York Times – Business:
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

The New York Times – Business:
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

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

The New York Times – Business:
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 New York Times – Business:
The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.
Silicon Valley’s Unbridled Euphoria Runs Into Economic Reality

The New York Times – Business:
Once-buzzy start-ups had held out against the new reality that the good times are over. No longer.
What Is a ‘Go-Forward’ Employee?

The New York Times – Business:
The term, which has slipped into the vernacular, refers to workers who will keep their jobs as opposed to those who will be laid off.
CNN Cuts Back on Original Series and Films

The New York Times – Business:
Acquired and commissioned documentary movies and TV shows like ‘Navalny’ and ‘Stanley Tucci: Searching for Italy’ are going away.
CNN to Cut Costs Before End of Year

The New York Times – Business:
“These changes will not be easy, because it will affect people, budgets and projects,” Chris Licht, the head of CNN, told staff members.
Twitter Tries Calming Employees as Deal With Elon Musk Looms

The New York Times – Business:
With Mr. Musk’s $44 billion deal to buy Twitter set to close no later than Oct. 28, the company is trying to reassure workers about their employment and compensation.