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“NordicTrack maker slashes 300 jobs in fifth round of layoffs” NordicTrack maker iFit Health & Fitness slashed 300 more jobs as the Salt Lake City, Utah-based company continues to reel from a change in post-pandemic habits. The cuts announced Monday were the fifth round of layoffs since late 2021 — trimming the ranks to 1,300…
“Politico founder to shut down struggling tech site Protocol” Protocol, the two-year-old technology news website launched by former Politico owner and publisher Robert Allbritton, is shutting down. Staffers were informed at an all-hands meeting Tuesday that the site will stop publishing on Thursday, CNN first reported. Protocol’s flagship newsletter, Source Code, will continue to operate…
“Tim Cook says Apple ‘being very deliberate’ on hiring as recession looms” Apple CEO Tim Cook said the world’s most valuable company will pump the brakes on hiring — as other tech titans slash away — ahead of an anticipated recession. Cook admitted the economic climate has forced him to freeze new hires in some…
“Amazon to slash 10,000 jobs starting this week: report” Amazon is planning to lay off some 10,000 employees in its corporate and technology sectors beginning this week, according to a report. The culling would be the largest number of job cuts undertaken at any point in the history of the Seattle-based e-commerce giant, which is…
“Fired workers slam Meta for conducting layoffs by email” Fired Meta employees expressed shock and disappointment Wednesday after learning they were caught in Mark Zuckerberg’s bloodbath – with some grumbling about the fact they learned they had been laid off by email. Earlier Wednesday, Zuckerberg revealed that Meta had fired more than 11,000 employees, or…
“Twitter engineer says he was fired for helping workers prep for layoffs” A Twitter engineer claimed he was fired days after Elon Musk bought the social media site because he developed a tool that allowed workers to save important documents in anticipation of mass layoffs, according to a lawsuit. Emmanuel Cornet, a 41-year-old software engineer…
“Laid-off Twitter employees reveal their fates: ‘8 months pregnant’” Elon Musk-led Twitter began a long-dreaded and drastic round of layoffs on Friday — and numerous workers took to the social media site to confirm they were caught in the bloodbath. Company officials began informing laid-off employees about their fate via an email message on Friday…
“Lyft slashing nearly 700 jobs in cost-cutting push” Lyft said Thursday it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm’s latest cost-cutting step to cope with a weakening economy. As decades-high inflation hits consumer spending and drives up costs for businesses, companies across sectors are cutting jobs and downsizing…
“Elon Musk to lay off half of Twitter’s staff, enforce return-to-office policy” Elon Musk plans to lay off about 3,700 staffers — half of Twitter’s workforce — in an effort to lower costs and reduce his debt from “overpaying” for the social media platform, a report said Wednesday. Musk, who purchased Twitter for $44 billion,…
“Pranksters posing as laid-off Twitter employees trick media outlets” A pair of pranksters posing as laid-off Twitter employees tricked multiple media outlets Friday as the public anxiously awaited news on whether Elon Musk had begun axing staffers. CNBC’s Deirdre Bosa interviewed two people who identified themselves as Twitter employees and were seen near the company’s…