Page 2 - Massive Layoffs News Today

Lucid CEO Peter Rawlinson told employees the company will cut hundreds of workers.

For the first six months and even the first year, the firm wasnt planning to hire anyone, according to ex Meta employee.

Meta Platforms Inc said on Wednesday it had increased the security allowance given to Chief Executive and co-founder Mark Zuckerberg and his family by $4 million to $14 million.

Technology firm IBM plans on reducing its headcount by 3,900 jobs, the company announced Wednesday while delivering better-than-expected Q4 revenue results and joining a host of big tech companies that are also laying off employees.

Amid the global uncertainty and massive layoffs, 4 in 5 professionals in India are looking for a new job in 2023, a report showed on Wednesday. 📲 Layoffs: 4 in 5 Professionals in India Looking for New Jobs in 2023 Amid Global Uncertainty and Sackings.

Facebook parent Meta and Microsoft are separately vacating office buildings in Seattle and Bellevue in Washington -in the latest sign of change in the tech sector and softness in the office market here - according to the Seattle Times.

Tech firms are instructed to conduct layoffs with

Gemini Jain shares her story on LinkedIn, mentioning she is looking for a new job as well after being fired by Amazon in the recent massive layoff. After the heart-breaking incident of the Meta employee being laid off during her maternity leave, Amazon repeats the same. Amazon lays off an employee on maternity leave with her three-week-old baby girl. Gemini Jain shares her story on LinkedIn

GDP growth has been badly affected in several countries including the US and Europe.

Cue the Great Twitter Freakout Phase Two.