The time bomb in the tax code that's fueling mass tech layoffs
https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502
Citi to cut 3,500 technology jobs in China as part of global revamp https://www.byteseu.com/1075679/ #China #ChinaCitiSolutionCentres #CitiGroup #JobCut #TechLayoffs #Technology
https://www.europesays.com/2106280/ Tech lay-offs’ cascading effect on India’s economy #business #Economy #EffectOfTechLayoffsOnIndianEconomy #IndianEconomy #ITLayoffs #TechLayoffs #TerminationsInIT
Science fiction novelist, journalist and technology activist Cory Doctorow @pluralistic speech at the 2025 Ursula Franklin Lecture. >
#enshitification #monopsonies #twiddling #LockedUsers #LockedSellers #GAFAM #lecture #AlgorithmicWageDiscrimination#speech #SurveillanceCapitalism #interoperability #competition #regulation #WorkersPower #BigData #sellers #users #TechnoFeudalism #employment #ratings #Uberisation #queries #JediBlue #profiling #enshitified #internet #abuse #DataBrokers #AntitrustLaw #TechLayoffs #RegulatoryCaptures #TechnologicalAbuse #privacy #value #GiantPileOfShit #TechnicalMechanism #rankings #unions #digitalisation #nursing #speech #lecture #video #coporatocracy #monopoly
https://www.europesays.com/1714760/ A comprehensive list of 2024 tech layoffs #america #evergreens #layoffs #science #TechLayoffs #TechCrunch2023Recap #technology #UnitedStates #UnitedStatesOfAmerica #US #USA
Where Are Laid Off Tech Employees Going? | CNBC
https://www.youtube.com/watch?v=uOIPmQrrgnQ
Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US Government - WIRED
「 Intel said today that it will cut 15 percent of its workforce, or more than 15,000 jobs, as it struggles to rebound from disappointing results. In March, the US government said it would give Intel no less than $8.5 billion to help it rebuild its US chipmaking operations 」
Intel (INTC) to Cut Thousands of Jobs to Reduce Costs, Fund Turnaround - Bloomberg
「 Intel shares rose about 1% in late trading, reaching as high as $31.11, on the news 」
Video game companies laid off more than 11,000 people last year and in 2024 so far, a further 8,100 have been laid off. Yet 2023 was a good year for many games businesses in financial terms. GameSpot's Phil Hornshaw dives into what's going on, and how the industry needs to change.
Electronic Arts is to cut 5% of its workforce, according to a note to staff from CEO Andrew Wilson. That translates to around 670 of the 13,400-strong workforce. @GIbiz's @BrendanSinclair has more details on the company's restructuring plan, which also includes closing offices and sunsetting certain live games. Wilson said in his note that the company is "moving away from development of future licensed IP that we do not believe will be successful in our changing industry."
@SheDrivesMobility Enshittification ahead! #techlayoffs #enshittification
Jack Dorsey is actually in charge of Block (the parent company of Square, like Alphabet is for Google), so we can all blame him for this bunch of layoffs.
https://www.engadget.com/block-is-reportedly-laying-off-around-1000-workers-205319045.html
The payment company's CEO #AlexChriss told staff on Tuesday that another 9% of the #workforce — about 2,500 positions — will be slashed. The news comes after #PayPal said it would reduce its headcount by about 2,000 in January last year. #TechLayoffs
PayPal lays off 2,500 workers one week after CEO announces 'new chapter'
https://www.businessinsider.com/paypal-job-cuts-2024-layoffs-ai-2024-1
AI is already costing a ton of jobs in tech, just not like everyone expected… #AI #TechLayoffs #TechNews #Labor https://decodetoday.com/tech-layoffs-due-to-ai/
Several hypotheses in the comments, but only the execs at the #MAAMA companies can truly tell us:
“Ask HN: What Is The Current Driver Of Tech Layoffs?”, Hacker News (https://news.ycombinator.com/item?id=38958789).
Talking about #DEIB efforts in ESG, @venikunche said, “We were making some progress. And then, all of a sudden, it felt like these high-profile CEOs were saying it doesn’t matter. And while some don’t publicly say it, they are absorbing it.”
Sadly, shamefully, #DEI advocacy roles are heavily among the first #TechLayoffs cuts.
Thankfully Veni has created a no-charge, public list of underrepresented talent that have recently been laid off. https://www.diversifytech.com/hire
𝐈𝐧𝐭𝐞𝐫𝐬𝐞𝐜𝐭𝐢𝐨𝐧𝐚𝐥 #𝐁𝐮𝐫𝐧𝐨𝐮𝐭: vulnerability to exhaustion, detachment & imposter syndrome experienced by those at the convergence of minoritized gender, racial, disabled, generational, age and/or sexual identities
https://thenewstack.io/tech-works-why-burnout-and-layoffs-hit-some-people-harder/ and FAR more likely to be hit by #TechLayoffs. Thank you @venikunche for offering advice!
Free of the tech industry's "golden handcuffs," laid-off workers are finding more meaningful work at fashion startups, wineries, and neighborhood retail shops. “I'm not above anything or below anything,” one laid-off tech manager said.
https://www.vice.com/en/article/3akddn/i-got-to-break-free-laid-off-tech-workers-search-for-new-purpose-outside-silicon-valley
#layoffs #techlayoffs #masslayoffs #LinkedIN #SiliconValley
LinkedIn is cutting 716 jobs and will begin phasing out its local jobs app in China.