Retrenched Twitter workers denied class-action lawsuit
Twitter Inc. won a ruling forcing a group of laid-off workers fighting the company over their severance packages to pursue their claims in individual arbitration rather than through a class-action lawsuit.
Hundreds of workers who were laid...
From Amazon to Twitter — these 18 US tech companies are cutting jobs
Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US and a strong dollar abroad.
The tech industry shed 9,587 jobs in October, the highest monthly...
Elon Musk continues firing Twitter engineers that criticize him on Twitter
What began as the firing of two longtime Twitter Inc. engineers after they criticised their new boss has turned into a purge, as Elon Musk clamps down on internal and external dissent.
In the past 24 hours, an estimated...
Meta to begin retrenching thousands of staff this week — Report
Meta Platforms Inc. is planning to begin layoffs that will affect thousands of workers from this week, Wall Street Journal reported, citing people with knowledge of the matter.
The job cuts could come as early as Wednesday, the...
Twitter begins firing staff after Musk takeover
The emails started arriving in Twitter Inc. employees’ personal inboxes in the early morning hours Friday: “Today is your last working day at the company,” the message read.
As people frantically refreshed their work and personal accounts to...
How Ellies missed the load-shedding boat
Ellies was perfectly positioned to capitalise on load-shedding with its alternative energy products, but poor management crushed its chances of success, and it now has to retrench staff.
On 26 September, Ellies notified staff that it would proceed with...
Snap cutting 20% of workers
Snap Inc. is planning to lay off around 20% of its nearly 6,500 employees following weeks of planning, The Verge reported.
Job cuts will begin on Wednesday with the team working on Minis, small applications made by third-parties which run in the Snapchat app...
These are the major tech companies trimming staff
With recession fears mounting — and inflation, the war in Ukraine and the lingering pandemic taking a toll — many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making...
Oracle sheds jobs in US unit
Oracle Corp. cut jobs in marketing and the US customer experience division, signalling a pullback in customer analytics and advertising services.
Some workers were told Monday that their positions had been eliminated, according to four people with direct knowledge...
Tesla taken to court for failing to give 2-month notice of retrenchments
Former employees at Tesla Inc. asked a federal judge to stop the electric-car maker from pursuing separation agreements with workers it’s laying off, saying it’s just a way to get them to surrender their legal rights...
Telkom to spend R1.5 billion on staff cuts
The first phase of Telkom's current retrenchment process will cost the company R1.5 billion.
Telkom made the announcement in a SENS notice this afternoon.
Telkom to fire white, male employees first: report
Telkom has started the process of retrenching staff, and white, male employees are targeted in this process
Telkom has turnaround plans
Telkom has big plans to turn the company around – which includes restructuring and retrenching many management staff members and specialists.
Job cuts, restructuring expected at Telkom: report
Potential job cuts and the disposal of money-losing assets is looming at Telkom, Business Report reported on Tuesday.
Nokia job cuts, strategy shift a slow suicide – oberservers
Nokia’s surprise announcement of massive new spending cuts and 10,000 more layoffs had observers cautioning the beleaguered mobile phone giant is at a crossroads that will determine if it sinks or swims.
Ricoh to cut 10,000 jobs over three years
Japanese office equipment and digital camera maker Ricoh said Thursday it plans to cut 10,000 jobs worldwide over three years to turn around sagging business operations, media reports said.