Page 30 - Layoff

Elon Musk publicly punishes Twitter engineers who call him out online

Musk's changes have led to a lack of communication internally in terms of who is in charge and what the company's priorities are, current and former staffers say.

Twitter CEO Elon Musk 'fires' app developer from his team via tweet

Twitter CEO Elon Musk, who has been laying off employees and contractors of the micro-blogging platform, has fired yet another member of his Twitter team and that too seemingly with a tweet.The person whose employment was terminated by Musk is an Android developer named Eric Frohnhoefer who had stated in his tweet that Musk's assessment of Twitter being slow as the app is doing ">1000 poorly batched RPCs just to render timelines," was wrong.On late Sunday night, Musk tweeted, "Btw, I'd like to apologize for Twitter being super slow in many countries. App is doing >1000 poorly batched RPCs just to render a home timeline!"Later, Eric cited Musk's tweet and wrote, "I've spent ~6 years working on Twitter for Android and I can say that this is wrong."Following this, the richest man in the world asked him, "Then please correct me. What is the right number?" and also asked, "Twitter is super slow on Android. What have you done to fix ...

Elon Musk now lays off 4,400 contractual workers at Twitter: Report

Contractors aren't being notified at all, they're just losing access to Slack and email. Managers figured it out when their workers just disappeared from the system, tweeted Platformer's Casey Newton

LIVE Updates: CPI-based inflation eases to 6.77% in Oct vs 7.41% in Sept

Catch all the latest updates from across the world here

Laid off? Seek advice before claiming tax exemption on severance pay

You can claim only if the payout is voluntary and you have documentary proof to this effect

Outsourced content moderators sacked in fresh job cuts at Musk's Twitter

Twitter's new owner Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a job. Twitter and other big social media firms have relied heavily on contractors to track hate and enforce rules against harmful content. But many of those content watchdogs have now headed out the door, first when Twitter fired much of its full-time workforce by email on Nov. 4 and now as it moves to eliminate an untold number of contract jobs. Melissa Ingle, who worked at Twitter as a contractor for more than a year, was one of a number of contractors who said they were terminated Saturday. She said she's concerned that there's going to be an increase in abuse on Twitter with the number of workers leaving. I love the platform and I really enjoyed working at the company and trying to make it better. And I'm just really fearful of what's going to slip through the cracks, she said Sunday. Ingle, a dat

Chip curbs: Biden has outdone Trump in forcing the world to align on China

That's not just a challenge to Beijing, but also asks tough questions of allies - and presents Washington with a dilemma over how far it's willing to squeeze them to comply.

Job cuts at Singapore tech companies are impacting Indians. Here's how

While revenue and jobs in the tech will be impacted in the short-term, and market volatility is likely in the near future, the tech industry is expected to continue to grow in the long-term.

Is the Meta Inc severance package a lesson for others?

Meta's move to expel 13% of its workforce comes with a generous severance package. New Indian companies may be ruthless with severance, but are liberal with the severance packages. What's behind this?

Nearly half of job cuts were in tech, reorg underway: Meta executives

The executives said that the first mass layoff in the social media company's 18-year history affected staffers at every level and on every team, including individuals with high performance ratings

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

Crypto exchange Coinbase to lay off more employees amid FTX saga: Report

The layoffs were announced internally and the company is likely to sack around 60 employees in its recruiting and institutional onboarding teams, reports The Information.

Pandemic boom to layoff crisis: How big tech and startups got it wrong

The world's biggest tech firms, Alphabet and Microsoft have frozen hiring. Facebook parent Meta has laid off 11,000 employees. Watch the video to know what's behind this crisis.

Pandemic boom to season of layoffs: How big tech and startups got it wrong

It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity

Facebook parent Meta laid off Indian techies within 2-3 days of joining

Some of the Indian techies, who switched to social media major Meta after quitting their stable jobs just two-three days ago, are among the 11,000 people laid off by the company. Facebook has laid off 11,000 employees across the globe to cut down cost. An IT professional Neelima Agarwal, who joined Meta two days back posted on social media platfrom Linkedin, that she is among the people who have lost their jobs. "Relocated to Canada from india just a week back and joined meta 2 days ago after going through such a long visa process. But the unfortunate sad day has come and i got laid off," she said. Neelime had left her two-year old job at Microsoft Office in Hyderabad to join Meta, according to her LinkedIn profile. After working for over three years at Amazon office in Bengaluru, Vishwajeet Jha said he joined Meta three days back and has been laid off now. "I joined Meta three days back after waiting for the long visa process. Thanks to all the folks who made that transition smo

Belt-tightening measures key to surviving pink slip, say experts

Cautious spending, reduced debt burden, and opting for gig work can help

Meta layoffs hit India teams; number of affected employees unclear

The worst lay-off in the global tech industry by Meta, that saw 11,000 employees being shown the door, has hit India teams too, albeit marginally, reliable sources said on Wednesday.

Top headlines: Celebs under scanner for GST evasion, Meta lays off 11,000

Business Standard brings you the top headlines this hour

Redfin to cut another 13% workforce, shuts down subsidiary RedfinNow

Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve's fight against inflation. The job cuts amount to 13% of Redfin's workforce, the company announced in a regulatory filing. Redfin also laid off 470 employees in June, blaming slowing home sales. Redfin has slashed more than a quarter of its workforce since April 2022 on the assumption that the housing downturn will last at least through 2023, it said in the filing. The average U.S. long-term mortgage rate is hovering around 7%, partially a result of the Fed raising rates six times this year at it tries to stem four-decade high inflation. Fed officials have boosted their benchmark lending rate by three-quarters of a point at its last four meetings, sowing fears that its heavy-handed policy could tip the U.S. into a recession. More rate hikes are expected into next year, though inflati

You're fired! Layoff crisis getting out of control at unicorns in India

A growing list of top tech unicorns or companies with over $1 billion valuation each is laying-off employees in an attempt to conserve cash and focus on profitability amid a funding winter this year