CNN — In less than three months, four of the big five US tech companies have cut tens of thousands of employees combined, shattering myths… Read More »Apple is the only US tech giant to have avoided significant layoffs
New York CNN — A tech CEO is apologizing after quoting Martin Luther King Jr. in a layoffs announcement. On January 24, PagerDuty CEO Jennifer… Read More »Tech CEO apologizes for quoting Martin Luther King Jr. in layoff announcement
New York CNN — In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked… Read More »How Big Tech’s pandemic bubble burst
New York CNN — Just this week, Alphabet, Google’s parent company, Microsoft (MSFT) and Vox Media announced layoffs that will affect more than 22,000 workers.… Read More »Here are the companies that have laid off employees this year
Hong Kong CNN — Xiaomi, one of the world’s largest smartphone makers, has begun layoffs in China at a time when the world’s second largest… Read More »Xiaomi layoffs: Thousands of tech jobs cut as China’s unemployment crisis deepens
CNN — After years of seemingly unstoppable growth, the tech industry is now facing the “ultimate reality check” as it confronts broader economic uncertainty and… Read More »Airbnb CEO on the tech downturn: ‘It’s like we’re all in a nightclub and the lights just came on’
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can… Read More »What the wave of tech layoffs tell us about the economy