At first, Jeremy Joslin thought the email announcing his layoff was a phishing attempt. It was 5:30 a.m. in California when he saw it, and with so many technology job cuts afoot, the Google software engineer thought a scammer was trying to capitalize on the news. The message, sent to his personal inbox, directed him … Read more
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees The Wall Street Journal SBF’s mom, Caroline Ellison aren’t cooperating in bankruptcy probe: lawyers Markets Insider FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him Yahoo Finance Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges CNBC Do you have money tied up in FTX? Share … Read more
Dow to Cut 2,000 Jobs Globally – WSJ The Wall Street Journal Dow cutting about 2000 jobs, or 5% of workforce Detroit News Dow is cutting about 2,000 jobs, or 5% of workforce Fox 34 Dow to cut 2,000 jobs, plans to save $1B in costs Fox Business Dow will eliminate 2,000 jobs world-wide, cut $1 billion in costs Midland … Read more
WSJ News Exclusive Markets Activist investor has made a multibillion-dollar investment in Salesforce
Corporate Layoffs Spread Beyond High-Growth Tech Giants The Wall Street Journal Why are so many tech companies laying people off right now? The Verge Analysis | Big Tech Binged on Workers During Covid. Now, the Purge. The Washington Post Dow Layoffs 2023: What to Know About the Latest DOW Job Cuts InvestorPlace View Full Coverage on Google News
International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Executive Arvind Krishna said on IBM’s IBM, -0.52% earnings call that the company saw “revenue growth across segments and geographies,” and attributed that … Read more
3M to Cut Jobs as Demand for Its Products Weakens The Wall Street Journal 3M to cut 2500 jobs, stock falls on Q4 earnings miss Yahoo Finance 3M to cut 2,500 jobs, forecasts downbeat Q1 as demand weakens Yahoo Finance 3M to cut 2,500 global manufacturing jobs Star Tribune 3M cutting thousands of jobs, profits tumble Fox Business View Full … Read more
Walmart to Raise Starting Hourly Wages to $14 From $12 The Wall Street Journal America’s largest private employer just hiked wages CNN Walmart raises minimum wage as retail labor market remains tight CNBC Walmart increases average hourly wage to more than $17.50 Yahoo Finance Walmart to raise minimum wage for U.S. hourly workers to $14 Reuters View Full Coverage on … Read more
Tech Streaming company says move is part of broader cost-cutting measures
Elon Musk extended his job-cutting at Twitter Inc., laying off some employees in sales after they had signed on to the billionaire’s vision for the social-media platform, people familiar with the matter said. The exact scope of the latest cuts couldn’t be immediately learned. One employee said he found out early Monday that he had … Read more