(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.
(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.
(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.
(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.
(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.
(NEW YORK) -- Twitter will begin layoffs on Friday, the company announced in an email. "In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday," the company wrote in an email... Read More.
(MINNEAPOLIS) -- Ahead of the new school year, Minneapolis Public Schools has defended its agreement reached with the teacher's union this spring to prioritize retaining educators of underrepresented backgrounds when determining layoffs. Effective in the spring of 2023, the contract provision states that teachers who... Read More.
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.