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.
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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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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...