layoffs

Tech layoffs this year offer a hiring boon for surviving startups

Tech layoffs this year offer a hiring boon for surviving startups

TAIPEI – Thousands of tech layoffs could end up being a boon for start-ups that struggled to hire talent during the heady days of sky-high valuations. The big catch: They must first ensure their own survival after venture capitalists pull back sharply in 2022. The history of Silicon Valley is full of stories of companies …

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Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads

Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads

Shopee has reportedly made three rounds of layoffs this year as its parent company, Sea Limited, struggles for profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia have laid off workers this year as macro headwinds deepened losses and venture capitalists pushed startups to expand their leads. Last week, online …

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Layoffs: Companies copy others 'in almost blind imitation', says professor

Layoffs: Companies copy others ‘in almost blind imitation’, says professor

Evercore ISI Managing Director Mark Mahaney reveals which stocks could outperform if the US economy is hit by a recession on “Varney & Co.” The number of companies implementing layoffs is growing, with most citing tough economic conditions and recession fears as the driver. Even with high borrowing rates and persistent inflation, Jeffrey Pfeffer, a …

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White-collar layoffs soar at brand companies amid economic downturn

White-collar layoffs soar at brand companies amid economic downturn

Early in the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has subsided, it’s those workers who are outnumbered and it’s the highest-paid employees who find themselves at the end of the layoff announcements. Among the branded companies that recently …

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Meta, Amazon and Twitter layoffs: 'Tech layoffs won't destroy Indian American dreams'

Meta, Amazon and Twitter layoffs: ‘Tech layoffs won’t destroy Indian American dreams’

Surbhi Gupta received an early morning email from Meta about the layoff Recent massive layoffs at major US tech companies have left many Indians working on non-immigrant visas such as the H1-B in limbo. Surbhi Gupta, product manager at Meta who was among those affected, spoke to California journalist Savita Patel about how it took …

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Tech layoffs send visa holders on frantic job search to avoid deportation

Tech layoffs send visa holders on frantic job search to avoid deportation

After years of seemingly limitless expansion, America’s tech industry has hit a wall. Companies are in cash-preservation mode, resulting in thousands of job cuts per month and a wave of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave of cuts …

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United Furniture owner 'disappeared' after laying off 2,700 workers: sources

United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources

The owner of United Furniture Industries – who last week fired 2,700 workers by text and email while they slept – disappeared after arguing with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy businessman from Ohio, has remained a mum since the layoffs of …

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'It wasn't sustainable or real': Tech layoffs approaching Great Recession levels

‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels

The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …

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