Layoffs

Major Wall Street indices closed in the red and bond yields rose on Thursday as investors and traders digested comments from a Federal Reserve official in the context of potential interest rate hikes in the future. St. Louis Federal Reserve President James Bullard stated on...

Elon Musk-led Twitter reportedly fired nearly 4,400 of its almost 5,500 contract employees after carrying out a mass layoff of regular workers earlier. What Happened: The move was reported by The Platformer's Casey Newton on Twitter. He said that the cuts are expected to have a "...

Twitter and Meta Platforms Inc. (NASDAQ:META) are not the only companies sacking staff; Indian startups, too, have laid off thousands of workers recently. What Happened: About 15,708 employees have been laid off by 44 startups in India, including ​​Tiger Global-backed unicorn Byju’s, Plum and...

Mark Zuckerberg, the CEO of Meta Platforms Inc (NASDAQ:META), said he was accountable for missteps at the social media giant as the company announced the mass firing of thousands of employees on Wednesday. What Happened: Zuckerberg interacted with hundreds of Meta employees on Tuesday and was...

Twitter is reportedly asking some of the thousands of workers it fired to come back to work after the company fired thousands en-masse on Friday. What Happened: The Elon Musk-led company is asking some staff members to return as they were laid off by mistake, reported Bloomberg, citing two people...

Meta Platforms Inc (NASDAQ: META) is reportedly planning to lay off thousands of workers in the coming week, similar to what Elon Musk did at Twitter just days ago. What Happened: The Mark Zuckerberg-led company, which has more than 87,000 employees as of...

Amid plunged into turmoil, the much-anticipated layoffs at Twitter Inc (NASDAQ: TWTR) CEO Elon Musk now seem to be defending his decision to sack almost 50% company's workforce across the globe. On Friday, Twitter reportedly laid off thousands of employees in departments across the...

Twitter CEO Elon Musk has plans to eliminate 3,700 jobs, or 50% of the workforce, at the social media platform in a measure aimed at cutting costs. What Happened: The Tesla Inc (NASDAQ: TSLA) CEO, also Twitter’s new owner, will inform staff of...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk reportedly doesn’t plan to cut Twitter Inc (NYSE: TWTR) staff by 75% after he takes over the social media company. Musk told employees about his plans during a visit to Twitter’s San Francisco headquarters on Wednesday, reported Bloomberg,...

Employees of a leading social media platform are asking for guarantees ahead of a highly anticipated acquisition by the world’s richest man. Here’s what Twitter Inc (NYSE: TWTR) employees want. What Happened: With Tesla Inc (NASDAQ: TSLA) CEO Elon Musk saying funding is secured and a...

Indian cryptocurrency exchange WazirX reportedly laid off 40% of its workforce, citing a global economic slowdown.  According to a report, 50 to 70 employees of the 150 workers at the exchange were asked to leave the company.  The employees were told they no longer needed to report...

Social media giant Snap Inc (NYSE: SNAP) is dissolving its Web3 team amid company-wide layoffs, according to a prominent member of that team. What Happened: Earlier this week, reports emerged that the Snapchat parent planned to cut 20% of its workforce, joining a cohort of...

The Labor Department reported on Tuesday that job openings decreased to 10.7 million down 605,000 for the month of June, hires were little changed at 6.4 million while total separations also remained steady at 5.9 million. This marks the lowest openings number since September, down from...

Electric vehicle company Tesla Inc (NASDAQ: TSLA) has been laying off some of its salaried workers, a move that CEO Elon Musk previewed earlier this year. A new report shows exactly where those former employees have found new work, including several of Tesla’s rivals. What Happened: Musk...

Electric vehicle leader Tesla Inc (NASDAQ: TSLA) surprised many with an announcement that it would reduce its workforce by 10%. CEO Elon Musk later clarified that the company would not freeze hiring, instead it was looking to cut salaried workers in some industries. With so much negativity around...