Tech’s longtime highfliers are growing up by getting smaller
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are…
Out-of-touch brass, outraged staffers and pure pandemonium
In the final days of doomed news website The Messenger, insiders painted a chaotic scene of checked-out-bosses and furious staffers — some of whom had already “tapped out” because they…
Company cuts 150 jobs, 2% of workforce
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom is cutting about…
Okta to lay off 7% of staff, about 400 employees
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, which is about 7% of the company’s headcount. Okta also reaffirmed…
PayPal will cut about 2,500 jobs, or 9% of global workforce
PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC. The cuts…
Levi Strauss plans to cut at least 10% of corporate workforce
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss will lay off at least 10% of its global corporate…
Levi Strauss slashing corporate jobs, looking to go upscale under new CEO Michelle Gass
Levi Strauss forecast annual sales and profit below Wall Street expectations on Thursday and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks…
AI hiring frenzy to fuel layoffs in other tech segments this year
Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24,…
Ron DeSantis super PAC lays off staff after Trump wins Iowa caucus
Florida Gov. and Republican presidential candidate Ron DeSantis looks on at his Iowa caucus watch party in West Des Moines, Iowa, on Jan. 15, 2024. Brendan Mcdermid | Reuters A…
Citigroup cutting 10% of workforce in CEO Fraser’s overhaul
Citigroup CEO Jane Fraser at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Adam Galica | CNBC Citigroup said it was cutting 10% of its workforce in…