layoff
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Intel Cuts Pay to Cut Costs
Layoffs are ravaging the tech industry due to the wildly abstract threat posed by “the economy,” but Intel is taking a different approach. Instead of laying off thousands of its workforce, the company has seemingly decided to make sweeping pay cuts from 5% to 25%.
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What’s Driving the Mass Layoffs in Big Tech Right Now?
The numbers are less concerning when viewed in the bigger picture.
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Spotify Becomes the Latest Tech Company to Announce Layoffs
Spotify informed its employees on Monday that it will be cutting jobs this week, making it the latest in a wave of mass layoffs following hiring surges during the height of the COVID-19 pandemic. CEO and Spotify co-founder, Daniel Ek, announced the change in a memo to staff, saying the company was forced to cut…
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Microsoft Spokesperson Calls Impending Layoffs a ‘Rumour’
Multiple outlets are reporting that the tech giant will be laying off thousands of positions in the coming days.