GoPro to Cut 15 Percent of Workforce in Restructuring Push
Action camera maker GoPro said on Monday it would cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company …
job cuts
Bay Area loses thousands of jobs in July as tech layoffs jolt economy
Bay Area employers slashed thousands of jobs in July, an unsettling economic setback that suggests the waves of layoffs in the wobbly tech industry have begun to undermine the region’s …
CBC paid out $18.4 million in bonuses in 2024 after it eliminated hundreds of jobs
The Canadian Broadcasting Corp. paid out $18.4 million in bonuses this year after hundreds of jobs at the public broadcaster were eliminated. Documents obtained through access to information laws show …
Global News lays off employees in Alberta, British Columbia and Ontario
More than two dozen people in Alberta, British Columbia and Ontario have been let go from their jobs at Global News this week, with its parent company placing blame on “the current economic …
US software firm closes China outpost, as foreign business confidence hits record low
A weak economy and falling business confidence among foreign companies in China appear to have taken a toll on a small US software company’s outpost in the northeastern port city …
China Big Tech: Why many overworked employees are quitting to become entrepreneurs amid internet slowdown
Zoe Du used to be a typical employee at a Big Tech firm in China, putting in long hours, six days a week. One time, she fainted in the office …
Tesla: job losses, plunging share price and uncertainty plague EV giant as CEO Musk prioritises robotaxi
The idea of creating an autonomous taxi service has been kicking around Tesla for at least eight years, but the company has yet to stand up much of the infrastructure …
Google fires 28 employees who protested its cloud contract with Israeli government
Google said on Thursday it has terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. The Alphabet unit said a small number …
Google cuts jobs, shifts some roles abroad as tech lay-offs continue amid economic uncertainty
Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs. …
Morgan Stanley downsizing: Hong Kong, China to bear the brunt of US bank’s Asia-Pacific job cuts
Morgan Stanley plans to start cutting about 50 investment-banking jobs in the Asia-Pacific region this week, with at least 80 per cent of the reductions in Hong Kong and China, …