Tag: layoff

Tech investors pay attention to profitability following layoffs; businesses emphasize AI

Tech investors pay attention to profitability following layoffs; businesses emphasize AI

Investors in US IT behemoths will closely examine if the cost-cutting measures increased profits to their satisfaction after a quarter of record layoffs, even as the businesses underline how artificial…

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Meta dismisses technical teams, hurting morale among employees

On Wednesday, Meta Platforms Inc. announced yet another round of job cuts, this time affecting engineers and related tech teams, as CEO Mark Zuckerberg continued to restructure the company in…

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Uber Freight Laying Off 150, About 3% of Workforce

Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company…

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