Newsbreak 2 weeks ago in Around The World, Employees, FMLA, Labor rights, Law, Layoffs, Louise Ridley, Maternity Leave, News, Parental Leave, Tech, Tech Insider, Tech layoffs, Trending UK, Workers Rights 0 Category: Tech layoffs
Mass layoffs including workers who are pregnant or on parental leave may seem unfair, but it’s not illegal in the...
Newsbreak 2 weeks ago in Around The World, Employees, FMLA, Labor rights, Law, Layoffs, Louise Ridley, Maternity Leave, News, Parental Leave, Tech, Tech Insider, Tech layoffs, Trending UK, Workers Rights 0 Labor lawyers told Insider that people who are pregnant or on FMLA leave aren’t automatically protected from mass layoffs. Izusek/Getty Images Critics have slammed some companies for laying off US workers on parental leave in recent months. But staff on protected leave aren’t immune from mass layoffs, labor lawyers told Insider. It can be discriminatory, but only if companies target employees because of their leave…
The housing market’s biggest shocker: Your rent may actually fall this year
Newsbreak 3 weeks ago in Apartment List, Apartments, Around The World, Chay Thawaranont, Denver, Discourse, Economy, Home Prices, housing construction, Housing Market, INSIDER graphics, Insider Illustration, Landlords, Markets, Nashville, News, Personal Finance, Phoenix, Real Estate, recession 2023, Rent, rent hikes, Rent prices, Robyn Phelps, San Francisco, Seattle, Tech Insider, Tech layoffs 0 The apartment market is “rapidly shifting in favor of renters,” and that means tenants can expect lower rent and a lot of new perks. Robyn Phelps/Insider Tenants are finally gaining power in the housing market It’s been a painful couple of years for renters. Discounts from early in the pandemic, for those lucky enough to nab them, eventually gave way to hefty rent hikes. Lines…
Telecom company Ericsson to lay off 8,500 workers
Newsbreak 4 weeks ago in Around The World, Business, Layoffs, News, Tech layoffs, Technology, Telecommunications companies 0 Telecom tools maker Ericsson plans to lay off 8,500 of its staff globally to cut prices, in accordance to a memo despatched to staff from the company’s CEO Borje Ekholm. “The way headcount reductions will be managed will differ depending on local country practice,” Ekholm wrote. According to Reuters, the layoffs are predicted to have an effect on North America and can be the most…
The massive wave of layoffs is giving tech workers a brutal wake-up call about the reality of work
Newsbreak 2 months ago in Alphabet, Around The World, Careers, Discourse, Economy, Facebook, Finance, Future of Work, Goldman Sachs, Google, Insider Illustration, Job Market, Layoffs, Markets, Meta, Morgan Stanley, Rachel Mendelson, Salesforce, Strategy, Tech Insider, Tech layoffs, Wall Street 0 Layoffs are forcing tech workers to confront a harsh fact: the office is not the same factor as a household. iStock; Rachel Mendelson/Insider Dehumanizing. Gut-wrenching. Slap in the face. Betrayed. Tech workers are utilizing all kinds of emotional phrases to explain the layoff wave that has gripped the trade and turn into the speak of the enterprise world. “I’m shocked and hurt and still processing,”…
As Amazon’s Alexa unit faces layoffs, insiders describe a department in crisis
Newsbreak 4 months ago in 10 things in tech, Amazon, Amazon Alexa, Around The World, Layoffs, Newsletter, Newsletters, Tech, Tech Insider, Tech layoffs 0 Hey y’all, welcome to Monday. Back behind the keyboard this week, I’m Jordan Parker Erb. A thousand due to Matt Weinberger, who was a superb 10 Things in Tech captain whereas I used to be away. So, did I miss something? I imply, except for the massive cuts at Amazon, Twitter’s continuing meltdown, and the spectacular implosion of crypto trade FTX, it appeared like a…
Meta staff say their CTO doesn’t want them writing posts on Blind
Newsbreak 4 months ago in Andrew Bosworth, Around The World, Meta, meta layoffs, News, Tech Insider, Tech layoffs, Weekend BI UK, Weekend BI UK News 0 Andrew Bosworth is the CTO of Meta and leads the Reality Labs group. Christian Charisius/Getty Images Meta staff wrote in a Blind publish that CTO Andrew Bosworth doesn’t want them posting on the location. One Meta worker mentioned Bosworth “went off on a rant” and mentioned it is “bad” for their psychological well being. Close to three,000 Meta staff signed as much as Blind the…
Amazon CEO Andy Jassy told employees that layoffs will extend into the new year
Amazon CEO Andy Jassy Bruce Bennett / Getty Images Amazon’s CEO Andy Jassy issued a be aware to employees Thursday. He stated the firm’s layoffs will extend into the new year. Amazon introduced Wednesday that layoffs had begun. After confirming that layoffs had begun at Amazon on Wednesday, CEO Andy Jassy issued a note to employees made public on Thursday that the layoffs would extend…
An ex-Shopify employee used her severance to found a new startup after getting laid off with 1,000 others. Here’s why...
Newsbreak 4 months ago in Around The World, Careers, Entrepreneurship, Layoff, Layoff Advice, Recessions, Shopify, Tech Insider, Tech layoffs 0 Stella Alexandrova based journey app MAVE after being laid off by Shopify. Stella Alexandrova Stella Alexandrova was one in every of 1,000 staff laid off by e-commerce big Shopify in July. She noticed the layoff and 5 months of severance as a possibility to launch a enterprise. A recession is definitely a good time to begin a firm, says enterprise capitalist Paul Asel. Stella Alexandrova…
Facebook is removing religious views, political views, ‘focused on,’ and address fields from user profile bios
Newsbreak 4 months ago in Around The World, Facebook, Facebook profile, Meta, News, Tech Insider, Tech layoffs 0 Getty Images Facebook will take away a variety of private particulars from user profile bios beginning December 1st. The platform will take away “Interested in,” religious and political views, and address fields. Removals come every week after Meta let go of 11,000 staff throughout the corporate. Starting December 1st, Facebook will take away a handful of private bio particulars that customers can share on their…
Read the email Twitter contractors were sent on Saturday telling them they’d lost their jobs
Newsbreak 4 months ago in Around The World, Elon Musk, News, Tech Insider, Tech layoffs, Twitter, Twitter layoffs, Weekend BI UK 0 Some Twitter contractors acquired an email on Saturday night time notifying them they’d been laid off. Getty Images Contractors working at Twitter lost entry to firm programs on Saturday night time. Shortly after, they received an email notifying them that they were laid off, two sources advised Insider. Twitter contractors were advised in the email it was as a result of a “reprioritization and savings…
‘The Metaverse will be our slow loss of life’: Meta employees hit out at Mark Zuckerberg in Blind reviews
Newsbreak 4 months ago in Around The World, Blind, Mark Zuckerberg, Meta, meta layoffs, News, Tech Insider, Tech layoffs, Weekend BI UK 0 Mark Zuckerberg apologized on Wednesday for making 11,000 job cuts. Drew Angerer/Getty Images Meta employees are posting unfavorable feedback about Mark Zuckerberg on nameless discussion board Blind. A software program developer mentioned Meta’s CEO will “single-handedly kill” the corporate with the metaverse. The reviews have been posted on the day that Meta axed 13% of its workforce and on the next day. Meta employees are…
Dozens of fired Meta employees are writing heart-wrenching ‘badge posts’ on social media
Newsbreak 4 months ago in Around The World, Facebook, Meta, meta layoffs, News, Tech Insider, Tech layoffs, Weekend BI UK 0 Meta axed 13% of its workforce on Wednesday. Justin Sullivan/Getty Images Meta employees who have been laid off this week are writing “badge posts” on LinkedIn to share reminiscences. A “badge post” is a convention the place departing Meta employees publish their ID with a goodbye message. Meta stated it was shedding 11,000 workers, or 13% of its workforce, on Wednesday. It’s a convention for…
Tech CEOs all made the same dumb mistake, thinking the pandemic boom would last endlessly. Now employees are paying the...
Newsbreak 4 months ago in Around The World, Covid-19, Facebook, Larry Ellison, Layoffs, Mark Zuckerberg, Meta, Oracle, Pandemic, Remote Work, Social Media, Stripe, Tech Insider, Tech layoffs, YouTube 0 Meta CEO Mark Zuckerberg. AMY OSBORNE/AFP through Getty Images Mark Zuckerberg took accountability for the mistake that led to this week’s 11,000 job cuts at Meta. That mistake: Thinking the pandemic-era good instances for tech would last endlessly. Many different tech corporations made the same mistake. But nothing is endlessly, particularly in tech. Nothing is endlessly. I do know it, you already know it, André 3000…
Stripe and Meta’s layoff memos are a lesson in accountability and empathy
Newsbreak 4 months ago in Around The World, Careers, Facebook, job seekers, Laid Off, Lay-offs, Memos, Meta, Nordic, Patrick Collison, Strategy, Stripe, Tech layoffs 0 Mark Zuckerberg, co-founder and CEO of Meta AP Photo/Mark Lennihan On November 9, Mark Zuckerberg launched a memo asserting the approaching lay-off of 11,000 workers. Six days earlier, Stripe introduced in a related memo that it might lay off 14% of its workforce. Stripe’s and Meta’s memos are glorious examples of how leaders can deal with layoff bulletins. “There’s no good way to do a layoff,”…
Not even Mark Zuckerberg’s beloved metaverse projects are safe from Meta’s sweeping layoffs
Newsbreak 4 months ago in Around The World, Facebook, Job Cuts, Layoffs, Mark Zuckerberg, Meta, Metaverse, News, Reality Labs, Tech Insider, Tech layoffs 0 Mark Zuckerberg stated he was conducting an intensive evaluation of Meta’s infrastructure spending. Sven Hoppe/Getty Images Meta has introduced sweeping layoffs throughout the entire firm, together with its metaverse division. As of April there have been greater than 10,000 individuals engaged on its metaverse projects. Meta has pumped billions of {dollars} into its Reality Labs division, resulting in large losses. Mark Zuckerberg has announced sweeping…