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WASHINGTON, Feb 23, 2024 (AFP) – Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers, said Thursday it will no longer publish on its flagship website and is eliminating hundreds of jobs. Millennial-focused and known for its edgy news and lifestyle content, Vice had been among the rising stars of a new breed of digital media firms but struggled as advertising revenues shrank. The move is the latest dose […]
SAN FRANCISCO, Feb 15, 2024 (AFP) – Cisco is cutting thousands of jobs as part of a restructuring plan, the computer networking giant announced Wednesday. About 5 percent of Cisco’s global workforce will be affected by the layoffs, the Silicon Valley-based company said while announcing its latest quarterly earnings figures. Cisco ended last year with nearly 85,000 employees, according to its website. Analysts say that tech layoffs could become a new normal for Silicon Valley […]
NEW YORK, Jan 23, 2024 (AFP) – Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs. As part of the NewsGuild action, 400 employees walked off the job on the news-heavy day, which saw the announcement of Academy Award nominations and voting in a presidential primary. The union urged people not to cross the digital picket line by […]
BEIJING, Nov 27, 2023 (AFP) – Chinese tech giant and TikTok owner ByteDance is slashing hundreds of jobs in its gaming unit, a source familiar with the matter told AFP on Monday. The move marks a retreat from the competitive video gaming sector. Nuverse, a video game publisher that is a subsidiary of Beijing-based ByteDance, is currently conducting a round of layoffs that will affect “several hundred people”, said the source. “We regularly review our […]
by Alex PIGMAN Agence France-Presse WASHINGTON, United States (AFP) — Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company’s “year of efficiency” as the US tech sector continues to downsize. In an email to employees, Zuckerberg said Meta would shed 10,000 jobs over the next few months, targeting middle management, and that 5,000 other roles would remain unfilled. The cuts follow a cull […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Reports of more layoffs at Twitter landed on Monday as owner Elon Musk waded into a racism controversy that risked pushing advertisers further away from the struggling platform. Musk called US media “racist” on Sunday after multiple American newspapers announced they would stop publishing a popular comic strip whose creator called Black people a hate group. Musk, chief of electric car company Tesla and […]
SAN FRANCISCO, United States (AFP) — Global consulting giant McKinsey plans to let go 2,000 of its employees, Bloomberg News reported Tuesday. The round of layoffs would be one of the company’s biggest ever, according to Bloomberg, which said the firm had increased headcount from 28,000 to 45,000 over the past five years. Citing anonymous sources, Bloomberg said the number of employees affected could still change, and are expected to primarily target administrative staff who […]
by Alex PIGMAN Agence France-Presse WASHINGTON, United States (AFP) — Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The job cuts will affect slightly less than five percent of employees and follow in the wake of similar moves by Facebook-owner Meta, Amazon and Twitter which have announced thousands of layoffs in the once-unassailable tech sector. The cuts were “in […]
San Francisco, United States (AFP) – Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson told AFP that the company would not comment on what it referred to as “rumor.” The Washington state-based company, […]
Paris, France | AFP | by Joseph BOYLE Facebook owner Meta will lay off more than 11,000 of its staff in “the most difficult changes we’ve made in Meta’s history”, boss Mark Zuckerberg said on Wednesday. He said the cuts represented 13 percent of the social media titan’s workforce and would affect its research lab focusing on the metaverse as well as its apps, which include Facebook, Instagram and Whatsapp. The tech industry is […]
San Francisco, United States | AFP | Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, US media reported Sunday. The Wall Street Journal, citing people familiar with the matter, reported that the layoffs could impact “many thousands” of Meta employees and that an announcement was expected as soon as Wednesday. As of September 30, Meta had about 87,000 employees worldwide […]
Geneva, Switzerland | AFP | UN human rights chief Volker Turk on Saturday urged Twitter’s new owner Elon Musk to ensure that respect for human rights is central to the social network following his sacking of around half the company’s employees. Reports of Musk laying off the platform’s entire human rights team were “not, from my perspective, an encouraging start”, Turk said in an open letter. The United Nations High Commissioner for Human Rights […]
