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HomePosts Tagged "layoffs"

Stories tagged with: layoffs

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What to know about severance pay amid high-profile layoffs

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(NEW YORK) -- Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to some departing employees. Severance packages, which range widely in size and duration, offer newly unemployed workers a financial buffer as they... Read More.

Tech layoffs 2023: Companies that have made cuts

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(NEW YORK) -- Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Company officials have often cited economic uncertainty and fears of a recession in their job-cutting, cost-cutting decisions. It follows a volatile 2022, which... Read More.

Amazon layoffs will continue into next year, CEO says

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(NEW YORK) -- Amazon's layoffs will continue into the new year, CEO Andy Jassy said in a new memo Thursday. The announcement comes a day after the tech company began layoffs of workers on its devices team, which focuses on products like its voice-operated Alexa,... Read More.

Amazon begins layoffs of workers on devices team

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(NEW YORK) -- Amazon began layoffs on Wednesday of workers on its devices team, which focuses on products like its voice-operated Alexa, Dave Limp, senior vice president of devices and services, said in a memo. The move adds the company to a list of major... Read More.

These tech companies have imposed major layoffs in 2022

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(NEW YORK) -- A rude awakening for the tech industry this year has triggered a slew of layoffs at major companies. Sales at top tech firms have retreated from the blistering pace attained during the pandemic, when billions across the world were forced into isolation.... Read More.

Pennsylvania Turnpike to lay off hundreds of toll collectors

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Harrisburg, PA (AP) — About 500 fare collectors and other toll workers along the Pennsylvania Turnpike are about to those their jobs. The Turnpike Commission voted Tuesday to make the entire interstate network a cashless system. The cuts are the latest development in the agency’s multi-year... Read More.