Photo Credit: Roman Martyniuk Meta has announced an additional round of 10,000 layoffs and a pivot away from NFTs. CEO Mark Zuckerberg wrote the move is one to streamline the company in terms of efficiency. […]
“Stay calm.” That’s what Greg Becker, chief executive of Silicon Valley Bank, told clients Thursday morning on a conference call, hastily convened to assure them the Santa Clara institution was confident it would weather a […]
Salesforce, the cloud-based software company co-founded and led by chief executive Marc Benioff, is in something of a mixed news cycle at the moment. On the one hand, the company just recently laid off around […]
Photo Credit: Motown Records Layoffs begin at Motown Records as the label changes course to return to the fold of Capitol Music Group. Motown Records has had a rough year. After the exit of CEO […]
Photo Credit: Thibault Penin ValueAct Capital Management has officially invested in Spotify (NYSE: SPOT) as the Stockholm-based company looks to rein in costs and achieve profitability. 23-year-old ValueAct Capital’s CEO, Mason Morfit, unveiled his firm’s […]
Illustration by Alex Castro / The Verge Pinterest is reportedly laying off around 150 people after it already cut jobs in December, according to Bloomberg. Bloomberg’s report says that’s less than five percent of Pinterest’s […]
The per-share price of Spotify stock (NYSE: SPOT) has rebounded past $100 for the first time since September, after the Stockholm-based company announced plans to trim its workforce by about six percent. When the market […]
Photo Credit: James Yarema As the economy slows and consumers ease spending, the music industry has seen a massive reversal in the tech sector hiring spree that surged during the pandemic. Here’s what to know. […]
Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more. While we should never minimize the difficulties of people facing an unexpected layoff, these announcements by […]
Photo Credit: SiriusXM Despite posting a small year-over-year revenue increase and net income of $247 million during Q3, SiriusXM (NASDAQ: SIRI) is reportedly preparing to reduce the size of its roughly 5,600-person team. The satellite […]
Photo Credit: Thibault Penin One month after commencing another round of podcasting-focused layoffs, this time within Parcast and Gimlet, Spotify has axed additional personnel yet. The streaming giant’s latest staff cutbacks came to light in […]
Photo Credit: Dima Solomin Reports surface of Meta/Facebook’s plans to begin ‘large-scale layoffs’ this week after the company’s stock falls more than 70% year-to-date. Facebook’s parent company Meta is planning to begin a series of large-scale […]
Elon Musk is giving his justification for sending thousands of Twitter employees packing … he says the bird app was hemorrhaging money. Papa Elon broke his silence Friday night on the mass layoffs that happened […]
Former Twitter employees have sued the social media giant, alleging that the company violated and planned to violate federal and state laws that govern mass layoffs. The lawsuit comes as a large fraction of Twitter’s […]
Twitter employees braced themselves for a fateful email on Friday as the platform’s new owner, Elon Musk, informed a wide swath of staffers that their jobs had been eliminated. Musk, who took ownership of the […]
Elon Musk is about to throw down the guillotine at Twitter — with layoffs expected to be announced soon … this ahead of a crucial date when employees are due to cash in. The NYT […]
No, Rahul Ligma is NOT among the Twitter employees axed by the bird app’s new owner, Elon Musk … some media outlets were simply duped by 2 men posing as laid off employees. Two men […]
Downtown Music’s CD Baby and Soundrop distribution services have laid off “a number” of team members “due to the current economic conditions.” Downtown employees reached out to Digital Music News with word of the layoffs […]
Photo Credit: Voisey Snap is dropping Voisey and web3 initiatives as part of its broader restructuring and layoffs. After reports that Snapchat’s parent company Snap planned to lay off about 20% of its employee base, […]
The CFO of Bed Bath & Beyond has died after plunging from a famous skyscraper in New York City — this as the company is taking a major financial hit that’s affecting thousands. Gustavo Arnal […]