Disney CEO Bob Iger notified employees in a memo that job losses will begin this week.
One of the reasons why companies are having so much trouble finding tech talent is that they don’t have the right approaches in place.
Retail sales and other economic data has been positive, despite inflation and rising interest rates.
The demand for cybersecurity workers remains high even as tech companies lay off thousands of employees, with a gap in open positions of over 700,000.
Employees have rallied to find out who’s been laid off while demanding answers from leadership.
Google parent Alphabet (GOOGL) on Friday became the latest technology giant to lay off thousands of workers.
The tech giants went on a hiring spree over the last few years, with one exception.
Salesforce is confronting slowing growth, an activist investor concerned about the company’s operating leverage and a set of high-profile departures.
CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds.
Tech layoffs have been increasing in Southeast Asia as growth slows down. Existing investors are also pushing startups to extend their runways.
Tech firms like Meta, Amazon and Twitter have announced thousands of job cuts. So far, the trend seems to be isolated.
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