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“Coinbase CEO Brian Armstrong blames ‘unscrupulous actors’ for latest layoffs” Coinbase CEO Brian Armstrong appeared to blame disgraced FTX founder Sam Bankman-Fried after his struggling company announced another round of sweeping layoffs on Tuesday. Armstrong, an outspoken critic of Bankman-Fried, referenced recent upheaval in the cryptocurrency industry stemming from FTX’s collapse while confirming Coinbase has…
“Twitter content moderation employees are latest to face cuts” Cuts at Twitter under Elon Musk’s ownership aren’t over just yet, with employees responsible for global content moderation as well as those in the hate speech and harassment units among the latest layoffs, Bloomberg reported. At least a dozen cuts were made Friday night, affecting employees…
“Amazon workers talk Jeff Bezos return amid Andy Jassy layoffs” Amazon employees openly welcomed a potential comeback by Jeff Bezos to run the struggling e-retail giant after current CEO Andy Jassy announced a larger-than-expected wave of layoffs, according to a report Friday. Speculation that Bezos could seek to supplant Jassy as CEO has increased during…
“Goldman Sachs bankers ‘bummed’ over loss of free coffee perk” A coffee barista set up a table outside Goldman Sachs headquarters this week to promote his fledgling java brand — and he claims he and his colleagues got an earful from the mega-bank’s caffeine-starved bankers. “You’re back! Thank God!” one Goldman employee exclaimed Thursday morning…
“Amazon cutting 17,000 jobs — 7,000 more than planned: report” Amazon is planning to lay off more than 17,000 workers, 7,000 more than initially expected, the Wall Street Journal reported on Wednesday. The e-commerce giant, helmed by CEO Andy Jassy, in November began laying off staff in its devices division, with the source telling Reuters at the time…
“United Furniture lenders reveal chaos surrounding 2,700 layoffs” Lenders to United Furniture Industries claimed in court filings they were blindsided by the company’s pre-Thanksgiving move to abruptly fire its 2,700 employees in the middle of the night — revealing for the first time a bizarre sequence of events that triggered the surprise bloodbath. The Nov….
“Salesforce slashing 10% of workforce in latest tech layoffs” Salesforce plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending its shares up 5%. The cloud-based software company said on Wednesday it expects between…
“Goldman Sachs yanks free coffee perk as layoffs loom” Goldman Sachs bankers — many of them already jittery over the prospect of getting fired — were greeted with a cold slap as they returned to work on Tuesday: crappy coffee that was no longer free. As the rank and file filtered into the mega-bank’s posh…
“United Furniture owner quietly surfaces after firing 2,700 overnight” The owner of United Furniture Industries, which abruptly fired all of its 2,700 employees during a single night last month, has been quietly assisting a wind down of the business — with some insiders claiming he’s trying to “save face” following the brutal bloodbath, The Post…
“Tesla to conduct layoffs, implement hiring freeze as stock sinks: report” Elon Musk’s Tesla is set to conduct layoffs and freeze further hiring as the electric car maker contends with a sustained downturn in its stock price, according to a report Wednesday. Tesla informed employees about the hiring freeze and said “another wave of layoffs…