PayPal latest tech company to shed jobs
PayPal Holdings Inc. said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters.
The cuts, which will affect about 7% of employees, will take place in the coming weeks, chief...
Intel's Pat Gelsinger gets salary slashed by a quarter
Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy and preserve cash for an ambitious turnaround plan.
Chief executive officer Pat Gelsinger is...
IBM shedding 3,900 jobs
International Business Machines Corp. delivered an upbeat annual sales forecast while announcing it would eliminate about 1.5% of its global workforce, following similar job cuts the past few months by many of its technology peers.
The reductions will amount to a...
Spotify joining Amazon, Google, Meta, and Microsoft with jobs cuts
Spotify Technology SA is planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower...
Google retrenching 12,000 staff
Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring.
The cuts will affect jobs globally and across the entire company, chief...
Microsoft starts firing engineers
Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand.
The...
Amazon and Nvidia lead tech share rally
The market is regaining its appetite for risk after a bitter 2022 as traders increasingly snap up some of last year’s biggest losers, particularly beaten down tech stocks.
Amazon.com Inc. and Nvidia Corp. are among the biggest contributors to the Nasdaq...
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...
Best-paying tech jobs in South Africa in 2022
Recruitment firm Michael Page has published its annual South Africa Salary Guide and Hiring Insights report, which includes details on the most in-demand roles and best-paying jobs in the technology sector.
The report covers salary benchmarks...
Twitter on recruitment drive after big job cuts
Twitter Inc. is hiring, according to slides from a company talk tweeted by owner Elon Musk, following sweeping job reductions in a cost-cutting drive since the billionaire took over the social network.
The first slide had the words “We’re...
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...
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...
Intel plans to shed thousands of jobs due to waning chip
Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal computer market, according to people with knowledge of the situation.
The layoffs will be...
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...
The most sought-after tech job skills in SA
Demand for IT skills in South Africa is still rising, but according to CareerJunction's Employment Insights report for August 2022, the sector is observing slower growth rates.
The job platform's research also revealed four IT skills it said would...
Google slowing hiring as tech boom quiets down
Alphabet Inc.’s Google plans to slow hiring for the remainder of the year in the face of a potential economic recession, Chief Executive Officer Sundar Pichai said Tuesday in an email to staff.
Pichai said the company will focus on hiring...
MTN on hiring spree in South Africa — 150 digital experts wanted
MTN South Africa has announced that it is on the lookout for 150 digital experts to ensure it keeps pace with growing demand.
It said that the expansion ties in with MTN Group's ambition to become Africa's leading digital...
Most in-demand and best-paying tech jobs in South Africa
Michael Page has released its Salary Guide and Hiring Insights report for 2022, which found that the healthcare and technology industries have been the most active in hiring activity.
PageGroup South Africa operating director Paul Newman...
Amazon offering more than 150 jobs in South Africa
Amazon is offering 154 jobs in South Africa across various fields, including software development, customer service, IT, and data science.
The tech giant has been expanding rapidly in the country over the last few years.