Chip maker AMD is set to lay off about 1,000 employees, constituting roughly 4% of its workforce, as part of its strategy to align resources with key growth areas, particularly in the competitive AI chip market. This announcement comes after a significant decline in its gaming division, which has witnessed a staggering 69% drop. In 2023, AMD reported having around 26,000 employees, and this latest move could potentially save the company $200 million.

AMD is set to lay off about 1,000 employees

An AMD spokesperson noted, “As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce.” The company is positioning itself to better compete with rivals, particularly Nvidia, which remains the dominant player in the AI chip market with an impressive market share.

Despite the layoffs, AMD has been rolling out new products, including the Ryzen 7 9800X3D and the Ryzen 9 9900X, although projections indicate they will ship only about 220,000 chips this year. In comparison, Nvidia’s GPUs hold a whopping 88% market share, leaving AMD with just 12%. Nevertheless, AMD has made headway against Intel, increasing its desktop CPU shipments by 10 percentage points within a year.

Market dynamics: AMD’s challenges and opportunities

AMD’s struggles are further underscored by its performance in the gaming segment, which is anticipated to decline by 59% to $2.57 billion in revenue by the end of 2024. The company is not alone, though, as Intel, Dell, and Samsung have recently announced similar workforce reductions in an effort to strengthen their positions in the evolving AI landscape. With the AI market projected to grow significantly, AMD recognizes that streamlining its workforce is crucial to capitalize on emerging opportunities.

AMD’s recent layoffs come despite the company forecasting $5 billion in AI chip sales for 2024, a figure that represents about 20% of its total projected sales of $25.7 billion. While AMD hopes to tap into a total market for AI chips estimated at $500 billion by 2028, it must grapple with the reality that Nvidia is forecasted to amass $125.9 billion in revenue over the same period. This stark contrast illustrates the uphill battle AMD faces in capturing market share from its more established competitor.

The looming layoffs and AMD’s strategic shift reveal broader challenges facing the semiconductor industry, where companies are increasingly compelled to refine their focus amid fluctuating market dynamics. The recent news sheds light on the ongoing pressures faced by manufacturers as they strive to navigate a rapidly evolving technological landscape.

For now, AMD’s journey toward regaining competitive footing continues, as it seeks to adapt to market needs while providing support to those affected by the layoffs. AMD’s commitment to treating impacted employees with respect and assisting them through the transition speaks to a larger corporate responsibility that is often overlooked in the pursuit of profits.

Featured image credit: AMD

In recent years, the gaming industry has grown to be one of the most profitable entertainment sectors worldwide, frequently making headlines with its billion-dollar revenues, groundbreaking technologies, and an ever-growing audience. The rapid expansion has fueled perceptions of the industry as nearly unstoppable, continually adapting and thriving despite global economic challenges.

However, recent findings from the Big Games Industry Employment Survey cast doubt on the sector’s future stability, raising questions about underlying issues that could impact growth and workforce retention. This comprehensive report reveals concerning trends, including a substantial wave of layoffs, income discrepancies, and a range of workplace challenges.

According to the survey, conducted by recruitment agency Values Value and career platform InGame Job, roughly 21% of gaming industry professionals across Europe experienced layoffs in the past year alone. While some managed to secure new positions within the industry, a significant portion of the workforce found themselves moving into other fields altogether, driven by frustrations over job instability and stagnant wages.

This pattern marks a stark contrast to the optimistic narrative of growth and innovation, showing instead an industry struggling with structural challenges.

Key finding: Instability in employment

The survey’s findings show that roughly 15% of European games industry workers who were laid off in the past year managed to find new roles.

However, over 6% are still actively searching for employment, highlighting a competitive job market that may lack the capacity to absorb displaced workers. Additionally, an alarming 10% of those affected by layoffs chose to leave the gaming industry altogether, indicating an increased likelihood of skilled professionals transitioning to other fields, especially in tech and media.

These layoff trends weren’t uniform across roles; some positions were disproportionately affected. HR and recruitment, QA (Quality Assurance), and artist roles faced the most significant cuts, as studios shifted resources toward more in-demand, technically specialized roles.

Furthermore, certain sectors—like localization, sound, and project management—are experiencing heightened job insecurity, with many professionals expressing concerns about potential layoffs.

Wage discrepancies and declining salaries

One of the most surprising insights from the survey is the notable discrepancy in wages between employees based in EU versus non-EU European countries. While overall salaries have seen a modest increase across roles, particular sectors like HR and recruitment saw year-on-year wage reductions, even for senior roles.

Tanja Loktionova, the founder of Values Value, observed that some mid-level and junior professionals in fields such as business development and QA have been especially impacted. While high-paying technical roles continue to attract lucrative salaries, other positions are stagnating or even seeing declines, creating frustration among mid-career professionals who are not seeing growth commensurate with the industry’s rising revenue.

Work culture in danger

The survey also highlights job dissatisfaction as a significant concern among gaming professionals, with burnout, poor management, and a lack of work-life balance frequently cited as reasons for frustration. The pressures of a “crunch culture,” where employees work intensive overtime to meet production deadlines, continue to be prevalent despite calls for reform.

This intense work environment has long been an issue in gaming, and the survey reveals it’s still impacting job satisfaction and retention rates.

Discrimination within the workplace, including:

• Gender
• Age
• National origin biases

was also reported by many respondents. Gender discrimination was the most frequently cited, affecting 32% of respondents, with age and national origin discrimination impacting 21% and 17%, respectively.

Remote work and AI integration continue to influence

Despite these issues, there are signs of positive change. Remote work, for example, remains a widely adopted practice, particularly in non-EU countries where 75% of companies operate either fully or partially remotely. This flexibility is a vital benefit for many employees, helping to alleviate burnout and improve work-life balance.

Additionally, the use of artificial intelligence (AI) tools is increasing rapidly; 54% of game developers now incorporate AI into their daily tasks, up from 37% the previous year. These technologies have the potential to reduce manual workloads, allowing professionals to focus on more creative and strategic tasks.

What does the future hold?

While revenue and player engagement are at an all-time high, the workforce within the gaming industry is grappling with structural challenges that may affect long-term growth. With a significant portion of the workforce experiencing layoffs, wage stagnation, and dissatisfaction, the industry faces the potential risk of a talent exodus. The survey suggests that without addressing these systemic issues, the gaming sector’s growth trajectory could stall as professionals seek greater stability and fair treatment elsewhere.

At the same time, there is room for optimism, particularly with the industry’s adaptability through remote work and AI. For gaming companies to sustain their growth and innovation, they may need to reevaluate their employment practices, ensuring that the industry remains an attractive and sustainable career choice for professionals in Europe and beyond.

The gaming industry is undoubtedly at a crossroads. Addressing these workforce challenges could help realize the industry’s full potential while offering a fair and rewarding environment for those who drive its creative engine.

Image credits: Emre Çıtak/Ideogram AI

Tesla, the company synonymous with electric vehicles (EVs), is undergoing a significant transformation. In a move to tighten its belt, the automaker recently announced layoffs exceeding 10% of its workforce. This decision comes amidst a backdrop of changing market dynamics and a strategic push for increased efficiency.

Cost-cutting cruise control

According to Bloomberg News‘ report, the primary reason behind the layoffs appears to be a focus on cost reduction.

Tesla, despite its status as a pioneer in the EV industry, faces pressure on its profit margins. Several factors contribute to this, including rising material costs and potential slowdowns in vehicle delivery growth.

By reducing its workforce, Tesla aims to streamline operations and free up resources for other areas. This strategy can help the company maintain financial stability and navigate potential economic headwinds.

Efficiency on electrified avenue

Beyond cost-cutting, the layoffs also suggest Tesla’s commitment to improving operational efficiency. With a leaner workforce, the company can potentially optimize production processes and decision-making.

This could lead to faster development cycles and a more agile approach to market changes.

Additionally, a more efficient workforce might allow Tesla to allocate resources more effectively towards research and development, potentially leading to further innovation in battery technology and vehicle design.

Tesla is shifting gears

The layoffs could also indicate a strategic shift in Tesla’s product development strategy. With a smaller workforce, the company might prioritize existing projects and focus on bringing them to market faster.

This could involve streamlining the development of upcoming models or consolidating efforts on core technologies. While the specific details remain unclear, the layoffs suggest a potential move towards a more focused product development approach.

Uncertain road ahead

The long-term effects of these layoffs on Tesla’s trajectory remain to be seen. While cost reduction and efficiency gains are potential benefits, the layoffs might also lead to a loss of valuable talent and expertise.

Additionally, a more streamlined product development strategy could limit Tesla’s ability to innovate and explore new avenues. Only time will tell how these layoffs will ultimately shape Tesla’s future.

A domino effect?

Tesla’s decision to downsize its workforce could have ripple effects across the EV industry. Other automakers might follow suit, implementing similar cost-cutting measures in a competitive market. This could lead to a consolidation within the EV industry, with smaller players, like the recently launched Xiaomi SU7, potentially struggling to keep pace.

However, it’s also possible that these layoffs could encourage increased collaboration and resource sharing within the industry, fostering innovation and accelerating the overall development of EV technology.

The road less traveled

Tesla’s recent layoffs mark a significant turning point for the company. The decision reflects a strategic shift towards cost reduction, efficiency, and potentially, a more focused product development approach. While the long-term consequences remain uncertain, these changes will undoubtedly shape Tesla’s future and its position within EV production.

Featured image credit: Paul Steuber/Unsplash

In the wake of the Mozilla layoffs, the company behind the Firefox browser has unveiled substantial revisions to its product strategy, signaling a potential refocusing on its flagship browser amidst market share challenges.

What’s behind these Mozilla layoffs?

Following the appointment of a new interim CEO earlier this month, Mozilla, known for its Firefox browser, has initiated significant alterations to its product roadmap, as reported by TechCrunch. At the heart of these adjustments, Mozilla intends to curtail funding for several initiatives, such as its VPN, Relay, and the Online Footprint Scrubber.

Additionally, Mozilla has decided to discontinue Hubs, its 3D virtual environment introduced in 2018, and reduce its commitment to the mozilla.social Mastodon instance. These strategic shifts will lead to Mozilla layoffs, impacting approximately 60 staff members, a development previously highlighted by Bloomberg. In a shift towards future endeavors, Mozilla has outlined in an internal communication its strategy to integrate “trustworthy AI into Firefox,” consolidating efforts across the Pocket, Content, and AI/ML teams.

In recent years, Mozilla embarked on an expansion of its product offerings, even as its cornerstone product, Firefox, continued to cede ground in the market. This strategy often came under scrutiny, yet Mozilla’s executives maintained that diversifying beyond Firefox was critical for the organization’s long-term viability. Given that Firefox has historically been the primary source of Mozilla’s revenue, the organization found itself in a precarious position, heavily reliant on Google for sustaining this revenue stream. With the recent Mozilla layoffs and strategic pivots, there is a clear indication that Mozilla might be shifting its focus back to Firefox, a move likely to be met with enthusiasm by the browser’s dedicated user base.

You can read the full internal memo shared by TechCrunch:

“Scaling back investment mozilla.social: With mozilla.social, we made a big bet in 2023 to build a safer, better social media experience, based on Mastodon and the Fediverse. Our initial approach was based on a belief that Mozilla needed to quickly reach large scale in order to effectively shape the future of social media. It was a noble idea but one we struggled to execute. While we resourced mozilla.social heavily to pursue this ambitious idea, in retrospect a more modest approach would have enabled us to participate in the space with considerably greater agility. The actions we’re taking today will make this strategic correction, working through a much smaller team to participate in the Mastodon ecosystem and more rapidly bring smaller experiments to people that choose to live on the mozilla.social instance.

Protection Experimentation & Identity (PXI): We’re scaling back investment in some of our standalone consumer products in the Security and Privacy space. We are reducing investment in market segments that competitors crowd and where it is challenging to deliver a differentiated offering. Specifically, we plan to reduce our investments in VPN, Relay, and Online Footprint Scrubber. We will maintain investment in products addressing customer needs in growing market segments.

Hubs: Since early 2023, we have experienced a shift in the market for 3D virtual worlds. With the exception of gaming, education, and a handful of niche use cases, demand has moved away from 3D virtual worlds. This is impacting all industry players. Hubs’ user and customer bases are not robust enough to justify continuing to dedicate resources against the headwinds of the unfavorable shift in demand. We will wind down the service and communicate a graceful exit plan to customers.

Right-sizing the People Team
Given the reduction in staffing and lower headcount budget moving forward in MozProd, some roles have been consolidated in the People and other support services orgs so that we are offering the right level of support to our product portfolio. Optimizing our org to sharpen focus.

In 2023, generative AI began rapidly shifting the industry landscape. Mozilla seized an opportunity to bring trustworthy AI into Firefox, largely driven by the Fakespot acquisition and the product integration work that followed. Additionally, finding great content is still a critical use case for the internet. Therefore, as part of the changes today, we will be bringing together Pocket, Content, and the AI/ML teams supporting content with the Firefox Organization. More details on the specific organizational changes will follow shortly. Within MozProd, there are no changes within MDN, Ads, or Fakespot. There are also no changes to Legal/Policy, Finance & Business Operations, Marketing, or Strategy & Operations.”

Tech layoffs spree

Mozilla finds itself in company with other major corporations that have turned to workforce adjustments as a means to steer through economic uncertainties and strategic realignments. Industry giants such as  Nokia, Google, Microsoft, Amazon, Facebook, Twitter, Spotify and Twitch have similarly undertaken staff reductions. These measures are typically driven by a complex mix of reasons, including the imperative to simplify operations, respond to evolving market needs, or improve fiscal prudence in the face of unpredictable economic structures.

Featured image credit: Growtika/Unsplash

Snapchat layoffs 2024 came earlier than expected. Snap, the company behind the popular social media app Snapchat, is making headlines again with its decision to reduce its workforce by about 10 percent. This move comes as the company continues to face hurdles, particularly in expanding its product line and stabilizing its financials. With around 5,300 employees at the start of 2023, this reduction is a significant step for Snap, following a 20 percent staff cut in 2022 and a smaller 3 percent trim in 2023.

Snap’s journey has been marked by ambitious attempts to diversify its offerings. However, projects like augmented reality glasses and a selfie drone didn’t take off as expected, and even in-app innovations such as the Spotlight feature and Snapchat Plus subscription service haven’t met growth targets. These challenges have led Snap to reassess its strategy and focus on its core strengths.

The company’s recent SEC filing reveals the financial implications of the layoffs, estimating pre-tax charges between $55 million to $75 million, mainly for severance and related costs. While difficult, the Snapchat layoffs 2024 decision is portrayed as a necessary step for Snap to streamline its operations and prioritize growth areas.

Snapchat layoffs 2024 is about organizational and financial adjustments

In response to these challenges, Snap is reorganizing its team structure to promote efficiency and in-person collaboration. This approach aims to reduce bureaucratic layers and speed up decision-making, a move that Snap believes will support its long-term growth. The company has expressed gratitude to those affected by the layoffs, emphasizing support for them during this transition.

Despite a tough market, Snap has shown some financial resilience. The company exceeded analysts’ expectations in its third-quarter earnings report, showcasing robust user growth and revenue. However, a widening net loss and a volatile advertising market have underscored the need for a strategic pivot. Snap’s modest share of the global digital ad market poses an ongoing challenge, but there’s potential for revenue growth in 2024, offering a glimmer of hope amidst the uncertainty.

eBay layoffs 2024 hit 1000 people, roughly 9% of the workforce

The path forward for Snap is laden with both obstacles and opportunities. The fluctuating digital advertising landscape presents a significant challenge, yet Snap’s willingness to adapt and refocus its strategy signals a proactive approach to navigating these waters. By honing in on its most promising projects and enhancing operational efficiency, Snap aims to secure a stronger, more innovative future.

This period of transition is critical for Snap. The company’s efforts to streamline its workforce and realign its strategic priorities reflect a broader tech industry trend of recalibration in response to market demands and financial pressures. Snap’s journey offers valuable insights into the challenges and complexities of sustaining growth and innovation in a rapidly evolving digital landscape.

Layoffs continue all around the world

The start of 2024 has witnessed a troubling trend of widespread layoffs across the globe, affecting some of the largest and most influential companies in the tech industry, including Google, Microsoft Activision Blizzard, PayPal, and more. These organizations are reducing their workforces in an effort to streamline operations and adjust to the shifting demands of the global market.

However, this trend of layoffs leaves many employees facing uncertainty and limbo, as they navigate the challenges of finding new employment opportunities in a rapidly changing industry landscape.

Amazon layoffs 2024 continue, this time Buy with Prime unit

The impact of these layoffs extends beyond the individuals directly affected, signaling a broader shift in the tech industry’s approach to business strategy and workforce management. As companies strive to remain competitive and financially healthy in an unpredictable market, the repercussions of these layoffs are felt across the global economy, highlighting the precarious nature of employment in the tech sector and the need for resilience and adaptability among the workforce.

Featured image credit: Thought Catalog/Unsplash

As the tech world continues to reshape itself in 2024, Amazon has not been immune to the winds of change, which is what the Amazon layoffs 2024 news all around the globe is all about. The latest news hitting the headlines is that Amazon is reducing its workforce, particularly in the Buy with Prime unit. This move is seen as part of Amazon’s ongoing efforts to streamline operations and reduce costs in a challenging economic environment.

Buy with Prime, a service that enables online stores to offer Amazon’s renowned payment services and rapid shipping, is feeling the impact of these changes. The unit has been pivotal in integrating Amazon’s extensive logistics network with various e-commerce platforms. Since its inception in April 2022, Buy with Prime has shown significant growth, partnering with giants like Shopify and Salesforce, said CNBC. However, the recent layoffs suggest a shift in Amazon’s strategic priorities.

The start of 2024 has been marked by Amazon’s layoffs across multiple divisions, including Prime Video, MGM Studios, Twitch, and Audible. These cuts reflect a broader trend in the tech industry, where companies are reassessing their workforce amidst economic uncertainties.

Amazon layoffs 2024 in numbers

According to reports from CNBC, the layoffs at Amazon’s Buy with Prime unit will affect about 30 employees. This figure represents less than 5% of the staff in this division. While Amazon has not disclosed the exact number of employees in the Buy with Prime segment, the small reduction is part of a larger pattern of cost-cutting measures.

Prime Video layoffs 2024 to affect hundreds

A spokesperson from Amazon stated, “We regularly review the structure of our teams and make adjustments based on the needs of the business.” The spokesperson also emphasized that Buy with Prime remains a top priority and that the company plans to continue investing significant resources in the program, CNBC added.

Amazon layoffs 2024 will have big impacts on its broader strategy

The affected employees in the Buy with Prime unit were part of the broader “Project Santos” organization, which also includes Amazon’s multichannel fulfillment unit. This unit is crucial for merchants who use Amazon’s services for shipping and storing products, regardless of whether they sell directly on Amazon’s platform.

The job cuts at Amazon are not isolated incidents. The company has let go of more than 27,000 employees since late 2022. Other divisions like Prime Video, MGM, Twitch, Audible, and Amazon Pay have also faced staff reductions. This trend mirrors the actions of other tech giants like Google, Discord, Xerox, and Unity, who have announced layoffs since the beginning of the new year.

Amazon CEO says layoffs will continue with 18,000 employees

Amazon has expressed its commitment to assist the affected Buy with Prime employees in finding new roles within the company. They will continue to receive their pay and benefits for at least 60 days and will be eligible for a severance package.

The Amazon layoffs 2024 news, particularly in the Buy with Prime unit, reflect a larger trend in the tech industry of recalibrating workforce and resources in response to the current economic climate. Despite these changes, Amazon maintains its commitment to the Buy with Prime program and assures ongoing investment in this area. As the tech landscape evolves, Amazon’s strategic adjustments indicate a continued focus on efficiency and adaptability.

Featured image credit: Daniel Eledut/Unsplash

According to the latest news circulating around the internet, the Google AI layoffs 2024 will hit 30000 people, and it might start pretty soon.

Google is on the brink of a substantial overhaul within its ad sales division, potentially impacting a substantial workforce of 30,000 employees. This sweeping transformation is in response to Google’s recent strides in artificial intelligence, notably, the integration of generative AI into the Performance Max ad tool.

The announcement of the ad sales unit restructuring was delivered internally by Sean Downey, Google’s President of the Americas and Global Partners, in a meeting held last week. However, key details about whether this reorganization will translate into additional job cuts remain undisclosed.

Google AI Layoffs 2024: Artificial Intelligence to blame

The infusion of generative AI, especially within the Performance Max tool, not only promises advanced capabilities but also signals the potential for significant job displacement and a recalibration of the workforce. This isn’t merely a technological pivot; it marks Google’s broader shift towards becoming a generative AI-focused entity. Anticipate more transformative news throughout 2024, acknowledging that while some jobs may be phased out, new opportunities will emerge.

Beyond the tech jargon, Sean Downey, the head of ad sales for major accounts in the US, hinted at this reorganization, says People Matters. The primary target is the ad sales team, where Google is leveraging AI to enhance operational efficiency. This year witnessed the introduction of AI-powered ads, promising a more interactive experience within Google Ads, streamlining campaign creation by analyzing websites and autonomously generating keywords, headlines, and visuals.

T-Mobile layoffs 2023 hits 5,000 employees

According to Mint, the report from The Information underscores that advertisers’ growing adoption of Performance Max has diminished the need for specialized employees dedicated to selling ads for specific Google services like YouTube, Search, Display, Discover, Gmail, and Maps.

More AI layoffs: Microsoft layoffs, Duolingo layoffs

In the broader tech landscape, Google’s move echoes a growing trend. Microsoft recently announced a significant workforce reduction, eliminating 10,000 jobs to adapt to changes in cloud-computing spending and prepare for potential economic downturns. This trend of layoffs extends beyond Google and Microsoft, with Duolingo, a prominent language learning platform, also opting for AI over human translators.

Nokia layoffs 2023 to hit 14,000 employees

The numbers of the biggest tech layoffs in 2022 were:

• Meta layoffs 2022: 11,000
• Amazon layoffs 2022: 10,000
• Snap layoffs 2022: 6,000
• Getir layoffs 2022: 4,480
• Twitter layoffs 2022: 3,700
• Bytedance layoffs 2022: 3600
• Salesforce layoffs 2022: 2,100
• Stripe layoffs 2022:1,100
• Coinbase layoffs 2022: 1,100
• Microsoft layoffs 2022: 1,000
• Netflix layoffs 2022: 450
• Tesla layoffs 2022: 229

In the wake of these shifts, like the Google AI layoffs 2024, the tech industry is navigating a transformative period where AI is increasingly automating tasks traditionally handled by humans. As we witness these changes, the industry is adapting to new technologies and facing critical questions about the implications on employment and the broader workforce landscape. Stay tuned as the tech sector continues to evolve, creating both challenges and opportunities in the ever-changing world of artificial intelligence.

Even more layoffs are on the horizon with upcoming AI innovations

The rise of AI, while making human life more efficient, raises concerns about job opportunities. As technology evolves, it often means fewer traditional jobs. However, it’s important to note that this shift may herald the introduction of new professions and roles. For now, the increasing dominance of AI in various industries poses challenges to the job market, potentially leading to a temporary downturn in employment opportunities.

Featured image credit: Christian Wiediger/Unsplash

2023 has been a year in which many tech companies had to lay off their workforce. The T-Mobile layoffs 2023 join the list, too, as the company announced that it will be parting ways with 5,000 workers.

T-Mobile is reducing its workforce by around 7 percent, affecting approximately 5,000 positions at the company. This move will primarily impact employees in corporate, back-office, and technology roles, while those in retail or customer care positions will not be affected.

Similar to other telecom companies like AT&T and Verizon, T-Mobile is dealing with layoffs. However, T-Mobile had previously pledged to create more jobs after merging with Sprint in 2020. Despite this promise, the company laid off hundreds of employees shortly after the merger.

A report from The Wall Street Journal in 2021 revealed that T-Mobile had 5,000 fewer employees by the end of 2020 compared to before the merger with Sprint.

T-Mobile layoffs 2023 explained by the CEO in a memo

CEO Mike Sievert wrote in a memo to employees that the cost of attracting and retaining customers has increased significantly in recent quarters.

He mentioned that the company’s current strategies are insufficient to meet evolving customer expectations. In addition to the job cuts, Sievert stated that T-Mobile will need to reprioritize its tasks and make the most of its funds due to rising expenses.

As noted by Sievert, T-Mobile doesn’t anticipate any more companywide layoffs in the near future.

The company will complete the layoff notifications by the end of September. Impacted employees will receive severance pay based on their tenure and 60 days of minimum transition leave. Here is the full memo by the CEO, Mike Sievert.

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

In the current year, T-Mobile has experienced two data breaches, adding to several other cybersecurity incidents from previous years.

T-Mobile is also focusing on enhancing its 5G services, including the introduction of a faster 5G network with speeds of up to 3.3Gbps. Additionally, they’ve launched a new Go5G plan priced at $100 per month, which provides yearly phone upgrades.

“In a company as successful as ours, the time to challenge the status quo and write the next chapter, is WHILE we are still successful. That’s how we sustain it. Instead of just taking the model that we know and trying to run faster, we can take it to the next level. We know the work ahead of us will look different than the work behind us, and that means how we do the work needs to change, too. We need to move at the speed of technology, using data, AI and other tools, to deliver simplified digital experiences specifically curated for every customer,” said Sievert.

T-Mobile layoffs 2023 join the list

In 2023, many companies laid off a significant amount of workers. This year, there were many tech employees who were left in limbo and without a job. After the pandemic, many companies had to streamline their business due to uncontrolled growth and unpredictable costs.

The T-Mobile layoffs 2023 have just joined the list, and hopefully, the list doesn’t get any longer this year.

10,000 Microsoft employees affected by July 2023 layoffs

In recent months, numerous tech behemoths have let go of hundreds or thousands of their employees. In order to simplify their businesses, corporations like Amazon, Meta, Alphabet, Disney, and many more let go of many of their employees.

The major reasons for these calls right now are the current economic situation and the unaccounted-for recruitments before and throughout the epidemic.

Featured image credit: Mika Baumeister/Unsplash

Twitter layoffs start today (November 4th). After Stripe layoffs, tech layoffs, unfortunately, continued with Twitter. One week after paying $44 billion for Twitter, Musk is scheduled to lay off about half of the company’s staff.

After informing staff that they would receive notification of their employment status via email later in the day, Twitter temporarily closed its offices on Friday.

Twitter layoffs explained

Twitter has informed staff that it will be “cutting our global workforce” on Friday, November 4. The layoffs are a part of Musk’s effort to control Twitter’s expenses. Because of that, Elon Musk’s mass layoffs will drastically reduce the social media platform’s personnel.

The internal document claims that employee badge access to Twitter’s headquarters will be “temporarily” turned off. According to the internal memo, employees will receive an email by 9 AM PST on November 4th verifying whether or not they have been laid off.

The email doesn’t specify how many workers will be let go, but Musk is anticipated to lay off almost half of Twitter’s 7,500-person workforce. According to staff members involved in the conversations about Twitter layoffs, his team of outside advisors has spent the past week choosing which engineers and technical managers to retain mostly based on their most recent contributions to Twitter’s codebase.

In an email to staff members, Twitter announced that all badge access and office closures would be temporary measures taken “to help protect the safety of each employee as well as Twitter systems and user data.” Many workers immediately tried to delink their Twitter accounts from their work email addresses after receiving the message indicating layoffs would start; this was required by corporate policy, which also calls for physical keys for two-factor authentication.

Workers at Twitter expressed dissatisfaction with Musk and the company’s other executives’ lack of internal communication over the previous week in Slack and group chats.

The complete Twitter memo sent to employees about Twitter layoffs is available below:

Team,

In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.

Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email. By 9AM PST on Friday Nov. 4th, everyone will receive an individual email with the subject line: Your Role at Twitter. Please check your email, including your spam folder.

– If your employment is not impacted, you will receive a notification via your Twitter email.

– If your employment is impacted, you will receive a notification with next steps via your personal email.

– If you do not receive an email from twitter-hr@ by 5PM PST on Friday Nov. 4th, please email peoplequestions@twitter.com.

To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all badge access will be suspended. If you are in an office or on your way to an office, please return home.

We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted. Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere.

We are grateful for your contributions to Twitter and for your patience as we move through this process.

Thank you.

Twitter

As Twitter layoffs approached on Thursday, the staff members communicated with one another on the platform, many of whom used the #OneTeam hashtag for the company.

Twitter’s US operations weren’t the only ones affected by the chaos. “Bye Twitter, it’s been a trip,” the company’s local marketing manager in Australia also tweeted on Friday. According to reports, employee turnover has been at an all-time high as the turbulent issue over whether Musk will buy Twitter has continued.

The company’s offices would reopen on Monday, and more details would be released the following week.

The Twitter alternative Mastodon social media explained: Check out the best Mastodon servers

Tech layoffs season: Stripe, Lyft, and Microsoft

Twitter is not the only one! Nowadays, there are a lot of tech layoffs happening. Such as:

• Stripe layoffs
• Lyft layoffs
• Microsoft layoffs

The IT sector appeared to expand throughout the pandemic as more people moved their daily lives online. But as consumers and advertisers reevaluate their spending, a number of tech businesses reported slower growth in the third quarter. Many in the tech industry are currently reevaluating their investments and personnel requirements. Let’s take what happened in tech layoffs briefly.

Stripe layoffs

Approximately 1,120 of Stripe’s 8,000 employees will be laid off, representing 14% of the company’s workforce.

Even if there is never a perfect method to handle a round of layoffs this size, Stripe CEO Patrick Collison’s announcement is noteworthy for how much he accepts responsibility for the problem, citing two particular errors the company’s leadership made.

“In making these changes, you might reasonably wonder whether Stripe’s leadership made some errors of judgment. We’d go further than that. In our view, we made two very consequential mistakes, and we want to highlight them here since they’re important:

We were much too optimistic about the internet economy’s near-term growth in 2022 and 2023 and underestimated both the likelihood and impact of a broader slowdown.

We grew operating costs too quickly. Buoyed by the success we’re seeing in some of our new product areas, we allowed coordination costs to grow and operational inefficiencies to seep in.”

Stripe CEO Patrick Collison

Lyft layoffs

On Thursday, Lyft announced it would reduce its workforce by 13%, or over 700 workers, as it reconsiders its personnel in light of growing inflation and concerns about an impending recession.

Lyft, based in San Francisco, also announced that it would sell its auto repair facilities.

Microsoft layoffs

Among Microsoft’s 180,000 employees, fewer than 1% will be impacted by the downsizing. According to a statement, Microsoft regularly assesses its business priorities and adjusts its organizational structure as necessary.

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Are tech layoffs will continue?

Tech companies have had tremendous growth during the last ten years, along with extravagant spending. However, Silicon Valley companies that announced significant layoffs this week could be a leading indicator for the overall economy given the impending global recession, which could be considerably longer and harsher than many anticipate.

The new economic situation may require tech companies to curtail recent years’ rapid expansion and massive spending in favor of cost-cutting measures where possible.