Tag: Layoffs
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Only 26% of Meta Employees Confident in Leadership of Mark Zuckerberg and Company, Says Report
Meta, Facebook's parent company, is grappling with low employee morale amidst layoffs, spending cuts, and shifting strategies. A survey reveals only 26% of employees trust leadership, with 43% feeling undervalued. Despite negative sentiment, Meta's stock has soared 112% YTD.
Reviving the Tech Industry: The Impact of ChatGPT.
ChatGPT's AI technology is thriving despite the tech industry's recent layoffs. Optimism for future growth remains, signaling opportunities for workers and investors.
US Job Market Hit by Massive AI Cutbacks in One Month
AI developments have led to around 3,900 job cuts in the US, accounting for 4.9% in May. While 50% of companies believe it could create new jobs.
Tech Companies Misread Pandemic and Laid off Employees, Says Intuit CEO
Intuit CEO, Sasan Goodarzi warns of ongoing impact of pandemic on employment, leading to more tech layoffs through 2023 while making hiring easier.
GetYourGuide secures $194 million funding with $2 billion valuation as travel experiences bounce back
GetYourGuide has secured $194 million in funding to expand into new markets and improve its platform's technology. Despite pandemic losses, bookings are rebounding, with the startup aiming to turn a profit soon.