layoffs
In the era of leaner companies, even the C-suite isn’t insulated from downsizing. Just look at Lucid.The luxury EV maker filed an 8-K to the SEC on Monday detailing plans to cut about 18% of its US workforce — including full-time employees, contractors, and hourly manufacturing workers at its AMP-1…
Amazon’s “Day 1” culture primes employees for constant change. And there’s been plenty of it lately: a five-day return-to-office mandate, an AI push, and mass layoffs. Business Insider interviewed 12 current and recent employees about how it’s going.Here’s what they told us. The responses have been edited for length and…
Nobody likes seeing headlines about Big Tech layoffs, but some smaller companies are taking advantage of access to a fresh pool of top-tier talent. Loading audio narration… Paul Jaeschke, chief product officer at PitchBook, told Business Insider that the private-market data platform was “definitely a beneficiary” of recent cuts across…
What’s the new normal for a company whose CEO is all in on AI and cutting jobs as a result? Look no further than DeepL’s layoffs memo. Loading audio narration… The German AI translation startup recently cut about 250 employees, over 21% of staff. In his message posted on LinkedIn,…
This as-told-to essay is based on a conversation with Brian Pulliam, a 51-year-old tech and executive career coach in Issaquah, Washington. It has been edited for length and clarity. Loading audio narration… After studying computer science, I worked as an athletics coach for 13 years before joining Microsoft as a…
Meta plans to lay off around 10% of its staff next month, and it told staff it’s not ruling out deeper cuts. Loading audio narration… That’s what Janelle Gale, Meta’s chief people officer, told employees in an internal meeting on Thursday, according to three sources on the call.”Will there be…
