layoff

Welcome to the era of the forever layoff

Microsoft’s latest round of layoffs has become a familiar corporate ritual.Last week, the software giant said it would eliminate about 4,800 jobs, marking another workforce reduction, as it remains profitable and invests heavily in AI.Similar layoffs, from Amazon to Meta, have rippled across tech over the past several years, while…

The subtext of Robinhood’s layoff memo: It’s not us, it’s you

Robinhood has a message for workers losing their jobs: The company isn’t struggling. You are.That’s the crux of Tuesday’s layoff memo from the CEO of the trading platform. It’s the latest example of a high-profile company trimming head count while simultaneously saying it’s doing well.”Robinhood’s business has never been stronger,”…