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 […]
Photo Credit: Eyestetix Studio TikTok has reportedly started laying off team members on both sides of the Atlantic as part of a potentially far-reaching reorganization. Word of the popular (and controversial) short-form video-sharing app’s cutbacks […]
Photo Credit: CAA & ICM Partners CAA closes a deal to acquire ICM Partners for $750 million as sources say the Department of Justice finally approved the proposal. Unfortunately, the acquisition will eliminate around 105 […]