Neowin News Feed for: Redundancies

Cisco to cut 5% of its workforce affecting around 4,250 people

Paul Hill — Thu, 15 Feb 2024 02:56:01 +0000

Cisco is the latest company to announce layoffs. The company said that it will axing 4,250 jobs after predicting weaker performance going forward. These job cuts affect 5% of its global staff. Read more...

Editorial: It's right that big tech leans up with layoffs, focusing on profitable activities

Paul Hill — Tue, 23 May 2023 14:00:01 +0000

In this editorial, I argue that big tech companies are making the right decision by making sweeping job cuts, despite being hard to do and hard on the people whose lives are affected as a result. Read more...

Virgin Orbit lays off 85% of its workforce to reduce expenses

Paul Hill — Fri, 31 Mar 2023 05:04:02 +0000

Virgin Orbit is laying off 85% of its workforce after it was unable to secure funding. This means 675 people will lose their jobs. The redundancies will likely be completed by April 3. Read more...

Amazon cuts software development job openings by 99%, amid economic conditions

Paul Hill — Mon, 16 Jan 2023 16:40:01 +0000

Amazon has massively reduced its software development job openings following the laying off of around 18,000 employees. There are still a few hundred openings but this is down around 99%. Read more...

Amazon to cut 18,000 jobs, mostly in Stores and PXT Solutions teams

Paul Hill — Thu, 05 Jan 2023 02:52:01 +0000

Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18. Read more...

Elon Musk tells Twitter employees to sign new agreement or go away [Update]

Paul Hill — Wed, 16 Nov 2022 10:38:55 +0000

Twitter employees have been emailed today. They're being asked by Elon Musk to commit to a new "hardcore" Twitter where they will work longer, harder hours. They'll be made redundant otherwise. Read more...

Salesforce let go of hundreds of employees on Monday

Paul Hill — Wed, 09 Nov 2022 05:46:01 +0000

Salesforce decided to make less than 1,000 employees redundant earlier this week after it saw a decline in custom from small and medium-sized businesses, predominantly in North America and Europe. Read more...

Mark Zuckerberg says Meta will begin laying people off on Wednesday morning

Paul Hill — Tue, 08 Nov 2022 23:38:27 +0000

Mark Zuckerberg has told executives in a meeting on Tuesday that layoffs will begin on Wednesday morning. Thousands of jobs are expected to go. Four months of salary will be paid as severance. Read more...

Lyft says it's cutting 13% of jobs as it faces up to “tough reality”

Paul Hill — Thu, 03 Nov 2022 21:02:01 +0000

The ride-hailing firm, Lyft, has announced it's cutting 13% of jobs. It said it needs to become leaner as a recession looms and insurance costs rise. The cuts will affect more than 650 people. Read more...

Oracle starts laying off U.S. employees, will other companies follow?

Paul Hill — Mon, 01 Aug 2022 18:34:01 +0000

Oracle is laying off staff in the United States. It's also planning to cut jobs in Canada, India, and Europe as it struggles to deal with a worse economy. Employees in SF Bay Area were affected. Read more...

Dropbox to cut its global workforce by 11% for “healthy” future

Paul Hill — Thu, 14 Jan 2021 00:40:01 +0000

The cloud storage company, Dropbox, is going to lay-off 315 of its employees and it looks to grow over the coming years. The CEO said that redundancies are not a reflection on the workers. Read more...

Tesla to cut around 3,000 jobs in order to make products more affordable

Paul Hill — Fri, 18 Jan 2019 14:24:01 +0000

In a statement, Elon Musk, CEO of Tesla, announced that the firm would be laying off around 3,000 workers, or 7% of its workforce. Help for those being sacked wasn't detailed by Musk. Read more...

SoundCloud's desperate layoff maneuver only bought itself enough time until Q4

Timi Cantisano — Thu, 13 Jul 2017 02:04:01 +0000

After cutting over 40% of its staff, SoundCloud issued a statement that sounded optimistic about its long-term future. In reality, it appears that the firm only has enough funding to make it into Q4. Read more...

Microsoft reportedly cutting thousands of jobs, amid global sales restructuring

Stergios Georgopoulos — Sun, 02 Jul 2017 23:02:01 +0000

Microsoft is poised to lay off thousands of sales staff this week, amid efforts to reorganize its global sales force and focus on selling cloud services instead of standalone software. Read more...

AOL - Yahoo merger could see up to 1,000 jobs slashed

Paul Hill — Thu, 08 Jun 2017 03:46:01 +0000

As many as 1,000 people at Oath, the resulting entity of the AOL and Yahoo merger, will face job losses, representing just under 20% of the combined workforce. The stocks weren't impacted by the news. Read more...

Intel's McAfee to lay off employees

Andrew Stevenson — Tue, 09 Oct 2012 14:01:33 +0000

With the PC sales slowing in anticipation of the arrival of Windows 8 at the end of the month, McAfee have announced that a number of their 7000 employees will be laid off. Read more...

Avalanche Studios announce further redundancies

Jonathan Steele — Wed, 20 May 2009 16:52:38 +0000

Avalanche Studios, the developer behind Just Cause, have announced they are to lay off 20 employees. The Swedish based studio, who is currently working on three separate projects including Just Cause 2, had previously announced... Read more...