Latest News & Developments
layoffs and downsizing
BBC to axe 500 more jobs in bid to be 'more agile'
The BBC will shed the 500 jobs by March 2026, after already reducing its headcount by 10 percent in the last five years — a reduction of almost 2,000 roles.
Meta to cut 10 000 jobs, scrap hiring plans for 5 000 openings in second round of lay-offs
The widely-anticipated job cuts are part of a restructuring that will see the company scrap hiring plans for 5 000 openings, kill off lower-priority projects and “flatten” layers of middle management.
Google’s parent company Alphabet ‘prepares’ to lay off 10 000 employees
Google has suspended hiring new employees and reportedly told some existing employees to “shape up or ship out” if expectations are not met.
WATCH: Mark Zuckerberg claims he was more considerate than Twitter’s Elon Musk over Meta lay-offs
Mark Zuckerberg believes he has done a better job at handling Meta's layoffs than Twitter's Elon Musk.
WATCH: Documents detail Elon Musk’s plans to gut Twitter's workforce by 75%
Tech billionaire Elon Musk told prospective investors in his deal to buy the company that he planned to get rid of nearly 75% of Twitter's 7,500 workers.
Meta’s Mark Zuckerberg expands hiring freeze, warning employees of impending layoffs
At the last Meta earnings call, founder and CEO Mark Zuckerberg mentioned that “Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas. ”