Tag: Tech job cuts

Prosus, Naspers cutting 30% of jobs at corporate offices
26Jan By adminNo Comments
Technology

Prosus, Naspers cutting 30% of jobs at corporate offices

[ad_1] Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet's big cuts announced last week. "We are adapting to a changing macro environment and have been working for some time to strengthen our cost structures," a Prosus spokesperson said in a statement on Wednesday. Prosus and Naspers have around 15 corporate offices around the world, with the largest ones in Johannesburg and Amsterdam. "Today we are announcing a reduction of some roles as we reali...
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Tech Layoffs Offer Hiring Boon for Startups That Survive
10Dec By adminNo Comments
Technology

Tech Layoffs Offer Hiring Boon for Startups That Survive

[ad_1] With VC funding drying up and layoffs spreading, a buyer’s market is finally here for those startups with cash available to expand. Thousands of layoffs across the tech sector may end up being a boon for startups that struggled to hire talent during the heady days of sky-high valuations. The big catch is they need to ensure their own survival first after venture-capital investors pulled back sharply this year. The history of Silicon Valley is awash with stories of companies that were founded, or gained traction, in the ruins of recession. Amazon.com Inc. and Google, now known as Alphabet Inc., are among the big winners from past economic slumps. Google rose from the ashes of the dot-com bust of 2000 after it picked up a plethora of engineers laid off elsewhere, Margaret O'Ma...
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Tech Job Cuts: Worst Offenders- Better, Verizon, Bird to Robbs
13Nov By adminNo Comments
Technology

Tech Job Cuts: Worst Offenders- Better, Verizon, Bird to Robbs

[ad_1] Some of the most infamous involve fire drills, early aughts text messages and pink slips for Christmas. Twitter Inc.'s mass layoffs have shocked onlookers and insiders alike, but it's not the first company — and won't be the last — to be seen as bungling the messy business of sacking staff.Since billionaire Elon Musk bought the social media platform for $44 billion, he fired close to 3,700 people, only to reach out to dozens soon thereafter to ask them to come back. Twitter didn't reply to a request for comment. All eyes are also on Meta Platforms Inc. as Chief Executive Officer Mark Zuckerberg announced more than 11,000 jobs will be slashed from payrolls. In addition to damaging productivity and morale, poorly handled layoffs can tarnish an employer's brand. When things turn a...
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Silicon Valley Job Cuts Are No Cure-All for Tech’s Falling Stock Prices
8Nov By adminNo Comments
Technology

Silicon Valley Job Cuts Are No Cure-All for Tech’s Falling Stock Prices

[ad_1] Companies such as Meta Platforms Inc. are waking up to investor demands that they cut costs in the face of a looming recession… Companies such as Meta Platforms Inc. are waking up to investor demands that they cut costs in the face of a looming recession, but shareholders looking for relief from the relentless tech-stock selloff can only take so much comfort from that. Facebook parent Meta plans to cut thousands of jobs beginning this week, the Wall Street Journal reported. That comes after Apple Inc., Alphabet Inc.'s Google and Microsoft Corp. either froze hiring or said they're re-evaluating staffing needs as the breakneck growth that the tech industry has enjoyed fades in the face of inflation and rising interest rates. While layoffs bring economic pain to households, i...
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