Browsing: Layoffs

Morgan Stanley plans to reduce its workforce by 2,000 employees, citing both performance issues and the automation of roles through artificial intelligence.

The once-coveted jobs at tech giants like Amazon, Google, and Microsoft are undergoing a significant transformation, marked by layoffs, increased performance demands, and shifting political influences.

Italian tech firm Bending Spoons has acquired Komoot, sparking concerns about potential layoffs and the future of sponsorships for the popular route-planning app.

The tech industry is undergoing a significant shift, moving away from employee perks and towards a more demanding, performance-driven environment. Fueled by economic pressures, pandemic-era changes, and a new wave of leadership, companies are embracing efficiency and intensity.

Amazon is implementing significant workforce reductions as it navigates a technology shift, focusing on automation and efficiency.

North Carolina-based tech company Wolfspeed Inc. announced plans to eliminate 180 positions.

Amazon CEO Andy Jassy is restructuring the company to reduce middle management layers and empower individual employees.

HP Inc. plans to cut up to 2,000 more jobs as part of its restructuring plan, citing economic concerns and a focus on artificial intelligence.

Autodesk, the San Francisco-based tech giant, announced it will cut 9% of its workforce, approximately 1,350 employees, as part of a restructuring plan focused on artificial intelligence and platform development.

Alphabet Inc. is implementing layoffs in its human resources and cloud divisions while increasing investment in artificial intelligence, according to internal memos.