Official: Amazon buys Zoox
News just out. Happy for folks at Zoox. Reportedly just over $1B https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/26/amazon-buys-self-driving-technology-company-zoox.html
Amazon buys self-driving technology company ZooxAmazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday. It's a large deal for Amazon, which acquired Whole Foods for $13.7 billion in 2017 but has otherwise generally made acquisitions of less than $1 billion.CNBC
Quora layoff
Quora announced today that it's laying off people. https://www.google.com/amp/s/techcrunch.com/2020/01/23/layoffs-hit-qa-startup-quora/amp/ What percentage of people are getting laid off? What functions are affected? How do surviving employees feel about the company now?
Layoffs hit Q&A startup QuoraQuora, the ten-year-old question-and-answer startup, is laying off staff in its Bay Area and New York offices, the company's CEO announced on the site today. Like other startup leaders being pushed by investors to focus more heavily on cashflow, CEO Adam D'Angelo wrote that the layoffs ...TechCrunch
Future layoffs this year
Google laid off a few hundred within TA, which is the company canary. https://www.cnbc.com/amp/2023/09/13/google-is-cutting-hundreds-of-jobs-in-its-recruiting-organization.html It could be an isolated case, company wide, or industry wide. Wishing the best to everyone this year. #layoffs
Google is cutting hundreds of jobs in its recruiting organizationGoogle says it will face slower hiring the next several quarters and has a decreasing need for recruitersCNBC
2 more insurance companies announce plans to leave California
https://ktla.com/news/california/2-more-insurance-companies-announce-plans-to-leave-california/amp/
2 more insurance companies announce plans to leave CaliforniaTwo more insurance companies have announced plans to withdraw from the insurance market in California. According to filings from the state’s Department of Insurance, Tokio Marine America Insurance …KTLA
Google to cut 30000 jobs
Report Suggests - Job cuts probable in ad sales unit due to AI innovations https://www.livemint.com/companies/news/google-to-let-go-of-30-000-employees-due-to-new-ai-innovation-heres-what-report-suggests/amp-11703383333475.html
Google to let go of 30,000 employees due to new AI innovation? Report suggests..Google’s ad sales unit is undergoing reorganization as the company implements AI-based tools for creating and suggesting ads. This move eliminates the need for specialized employees in selling ads for specific Google services.mint
Layoffs have been normalized, the Era of layoffs is here.
Things you can do - Get a 6-12 month emergency fund - Don’t be loyal to any company, always be applying! - Jump on hot trends if you can, for now AI - Start a side hustle if possible - Pray?? 😆 https://fortune.com/2023/11/07/jeremy-siegel-do-nothing-era-is-over-labor-market/amp/
Professor Jeremy Siegel of the University of Pennsylvania: ‘Era of “do nothing” is over’ | FortuneProfessor Jeremy Siegel, of The Wharton School at the University of Pennsylvania, said staff are fearing they will be laid off.Fortune
WFH really starting to grind... WSJ agrees.
Really feeling this article. Hopefully we settle on 3 to 4 days in the office, 1 to 2 at home. https://www.wsj.com/amp/articles/companies-start-to-think-remote-work-isnt-so-great-after-all-11595603397 #remotework #wfh
2024 in action, Xerox starting with 15%
https://www.cnbc.com/amp/2024/01/03/xerox-layoffs-company-to-cut-15percent-of-workforce.html
Xerox to cut 15% of its workforceXerox will cut 15% of workforce as part of a new restructuring plan.CNBC
NVIDIA rejects RTO 👏👏👏
Darn, this CEO deserves🏆 it's refreshing to know there are leaders out there who aren't idiots. Not all of them are "monkey see, monkey do" creatures, at least.. https://fortune-com.cdn.ampproject.org/c/s/fortune.com/2023/10/14/nvidia-skips-return-to-office-sticks-to-remote-work-among-hottest-tech...Read more
AI powerhouse Nvidia skips return-to-office, sticks to remote work | FortuneFortune
HP announces layoffs: 7000-9000 cut 🪓
https://www.google.com/amp/s/www.barrons.com/amp/articles/hp-enterprise-shares-fall-as-covid-19-takes-a-toll-company-sets-1b-cost-cutting-plan-51590095901
HP Enterprise Shares Fall as Covid-19 Takes a Toll. Company Sets $1B Cost-Cutting Plan.Hewlett Packard Enterprise, already one of the year's worst-performing technology stocks, is down sharply in late trading Thursday on disappointing financial results for the April quarter. The Covid-19 pandemic took a toll on a company already struggling with competition and demand issues-and working to convert its entire business to a subscription model.Barrons
Amazon is a sinking ship
Agree? Context: 9k more layoffs https://www.cnbc.com/amp/2023/03/20/amazon-layoffs-company-to-cut-off-9000-more-workers.html
Amazon to lay off 9,000 more workers in addition to earlier cutsAmazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday.CNBC
Atlassian Layoffs
Looks like the tech companies are making it a trend. Now Atlassian is taking advantage of it https://www-atlassian-com.cdn.ampproject.org/c/s/www.atlassian.com/blog/announcements/atlassian-team-update-march-2023/amp #tech
A difficult update on our team - Work Life by AtlassianSharing the message we sent to our employees earlier today.Atlassian
Discord Layoffs
https://www.cnbc.com/amp/2024/01/11/discord-cuts-17percent-of-workforce-latest-tech-company-to-downsize-in-2024.html
Discord cuts 17% of workforce, joining growing list of tech companies downsizing to start 2024Discord confirmed on Thursday that it’s laying off 17% of its workforce, which equates to 170 employees, becoming the latest tech company to announce cuts.CNBC
Google Seems Triggered by WFH...
This response seems so odd from a company like Google. It’s like the big G is triggered by not having workers in the office. Is it that Googlers can’t be trusted to do their work? Is this a Google Cloud issue? What say y’all? https://www.cnbc.com/amp/2021/03/31/google-speeds-partial-office-reopenin...Read more
Google is accelerating partial reopening of offices and putting limits on future of remote workGoogle is taking a more restrictive post-pandemic work approach than other tech companies such as Facebook and Twitter.CNBC
Amazon pharmacy layoffs…end of days coming…🍄☁️…
Thought it was a growth business for them… https://www.forbes.com/sites/caileygleeson/2024/02/06/amazon-pharmacy-layoffs-company-cutting-hundreds-of-medical-staff-in-latest-round-of-job-losses/amp/
Amazon Pharmacy Layoffs: Company Cutting Hundreds Of Health Division Staff In Latest Round Of Job LossesThe latest round of cuts was announced in an internal memo Tuesday.Forbes
Rippling Series F
https://techcrunch.com/2024/04/22/ripplings-parker-conrad-on-the-companys-brand-new-round-its-brand-new-sf-lease-and-also-its-brand-new-critic/amp/ Ex-employee here. What’s the price of the equity for the tender? How much can former employees sell? When does the process start? Thanks. 🙏 @Rip...Read more
Rippling’s Parker Conrad on the company’s new round, new SF lease and, also, its newest critic | TechCrunchLast week, TechCrunch broke the news that the workforce management software outfit Rippling was on the cusp of closing a new, $200 million round ofTechCrunch
EA Layoffs
Enjoy https://www.cnbc.com/amp/2024/02/28/ea-layoffs-company-to-cut-5percent-of-workforce-or-about-670-employees.html
EA to lay off 5% of workforce, or about 670 employeesEA’s announcement marks the latest round of layoffs among video game companies in recent months.CNBC
What do you guys think? Big tech core products getting worse?
https://www.businessinsider.com/tech-companies-ruining-apps-websites-internet-worse-google-facebook-amazon-2023-3?amp
Tech companies are ruining their apps, websites, internetGoogle, Amazon, and Meta are making their core products worse and ruining everything from apps to the internet.Insider
Fake news?
https://www.livemint.com/companies/news/google-to-let-go-of-30-000-employees-due-to-new-ai-innovation-heres-what-report-suggests/amp-11703383333475.html
Google to let go of 30,000 employees due to new AI innovation? Report suggests..Google’s ad sales unit is undergoing reorganization as the company implements AI-based tools for creating and suggesting ads. This move eliminates the need for specialized employees in selling ads for specific Google services.mint
Amazon layoff 9k this time.. What’s next Google/Microsoft?
https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2023/03/20/amazon-layoffs-company-to-cut-off-9000-more-workers.html
Amazon to lay off 9,000 more workers in addition to earlier cutsAmazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff Monday.CNBC