DISMISSALS Archives

Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads

Leave a Comment / Entrepreneurship / By admin

Shopee has reportedly made three rounds of layoffs this year as its parent company, Sea Limited, struggles for profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia have laid off workers this year as macro headwinds deepened losses and venture capitalists pushed startups to expand their leads. Last week, online …

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Tech layoffs send visa holders on frantic job search to avoid deportation

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After years of seemingly limitless expansion, America’s tech industry has hit a wall. Companies are in cash-preservation mode, resulting in thousands of job cuts per month and a wave of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave of cuts …

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After the big resignation and the silent resignations, the era of “loud dismissals” has arrived

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Shocking layoff news overshadows a bright labor market. Within weeks, massive layoffs, mostly in tech, including at Twitter, Meta, Amazon, Salesforce, HP, Lyft, Doordash and more, grabbed headlines. More than 50,000 tech workers lost their jobs in November, compared to 12,600 in October, according to Layoffs.fyi. To be clear, overall layoffs remain historically low. Throughout …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

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Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Six things to do immediately after being fired

Leave a Comment / Personal finance / By admin

Seeking to tighten their belts and cut budgets, corporate America is in a job-cutting mood these days, with some of America’s biggest groups shedding thousands of workers. Meta (META) – Get a free report, formerly Facebook, laid off 11,000 employees in the second week of November. New Twitter boss Elon Musk cut ties with 3,700 …

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Fired from your technical job? Here’s what you need to do to increase your chances of getting hired

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The tech world has been rocked by mass layoffs as giants like Meta, Twitter and Elon Musk-owned Amazon bleed jobs amid economic uncertainty. The number of IT layoffs in 2022 alone accounts for more than half of all layoffs since Covid-19, according to layoffs.fyi, a tracking website. “Tech companies of all shapes and sizes are …

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Elon Musk launches Twitter poll on whether to bring Trump back

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Nov 18 (Reuters) – Elon Musk launched a Twitter poll on Friday evening asking his followers to vote on whether to restore former U.S. President Donald Trump’s account on the platform, with initial results showing around 60 % of votes yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly translates to “the …

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Leading layoffs: how to manage workers who leave – and those who stay

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High-profile layoffs at Meta and Twitter and planned cuts at Disney have heightened concerns among managers and senior executives at employers nationwide who are struggling to lead a team through a series of downsizings. How a company handles a layoff can have a major impact on its future success. Poorly managed, downsizing can damage a …

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You’ve been fired – now what? Here are 3 steps to follow if you lose your job

Musk warns of Twitter bankruptcy as more top executives quit

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November 10 (Reuters) – New owner of Twitter Inc, Elon Musk, on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit from the leader in enterprise trust and security. The billionaire in his first mass call with …

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