Lay-offs/Redundancies

Twilio said Monday that it plans to shed hundreds of jobs as it seeks to streamline its operations and accelerate its path to profitable growth.The communications and customer data company said it plans to eliminate about 5% of its 5,900 employees, which will come at a cost of about $25 million to $35 million in various charges.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Twiliosaid Monday that it plans to shed hundreds of jobs as it seeks to streamline its…

The tech industry has largely recovered from the downturn, but Silicon Valley learned a long-lasting lesson: how to do more with less. Amazon, Google, Microsoft and Meta Platforms have been cutting dozens or a few hundred employees at a time as executives keep tight controls on costs, even as their businesses and stock prices have rebounded sharply. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The tech industry has largely recovered from the downturn, but Silicon…

SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on videogames since 2019, setting up its own creative unit and acquiring buzzy game makers. Now it is winding down those efforts, its latest pullback from experimental forays into education, property brokering and virtual reality as it faces regulatory and economic headwinds at home and abroad.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on…

Virgin Galactic is cutting jobs and expenses as part of a strategic realignment to support production of its Delta Class spaceships.The Orange County, Calif.-based space travel company said in a memo to employees on Tuesday that it was having a harder time accessing capital due to interest rates and geopolitical unrest, making the cost-cutting necessary.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Virgin Galactic is cutting jobs and expenses as part of a strategic…

Anheuser-Busch restructures its corporate offices amid controversy and sales slump. Anheuser-Busch restructures its corporate offices amid controversy and sales slump. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want…

The biotech company cited the launch of Alzheimer’s drug Leqembi as part of its new focus on big-return products. The biotech company cited the launch of Alzheimer’s drug Leqembi as part of its new focus on big-return products. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

The indicator of shopping patterns arrives this year after a period of slow sales for the company and concerns about the economy. The indicator of shopping patterns arrives this year after a period of slow sales for the company and concerns about the economy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Excitement over artificial intelligence is proving to be a powerful counterforce for a tech economy that had been slowing, lifting share prices and growth outlooks at many giants—and igniting new startups. Excitement over artificial intelligence is proving to be a powerful counterforce for a tech economy that had been slowing, lifting share prices and growth outlooks at many giants—and igniting new startups. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an…

Companies say an era of rising pay and signing bonuses in one of the economy’s strongest hiring sectors is over. “It got bananas.” Companies say an era of rising pay and signing bonuses in one of the economy’s strongest hiring sectors is over. “It got bananas.” FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…