Tag: affect
Who is striking? How Friday 6 January’s walkouts will affect you
Amazon’s confirms its massive layoffs will affect 18,000 employees
Amazon’s ongoing layoffs will affect around 18,000 workers, according to a memo from CEO Andy Jassy, which says that the “majority” of the roles being eliminated will be in Amazon Stores and People, Experience, and Technology organizations.
That’s significantly more than previously rumored — in November, The New York Times reported that the company was aiming to cut its workforce by around 10,000. In September 2022, the company said it had around 1.5 million employees in total.
The news of the expanded layoffs was originally reported by The Wall Street Journal, which said that they would affect “over 17,000 workers.” Jassy’s email notes that…
Strike daily: How Wednesday 4 January’s walkouts will affect you
How layoffs can affect diversity in tech—and what to do about it
After going on a hiring spree during the pandemic, tech companies are now laying off staff in job cuts that sometimes involve thousands of employees. While the layoffs may be necessary to help boost sagging profit margins, proponents of diversity in the tech sector are concerned that the job cuts may disproportionally affect underrepresented groups.
According to Layoffs.fyi, the online tracker keeping tabs on job losses in the technology sector, 152,542 employees from 993 global tech companies were laid off in 2022.
While the COVID-19 pandemic had a huge financial hit on industries such as events and hospitality, organizations operating in the technology sector experienced a period of hypergrowth, rapidly expanding to meet the perceived needs of customers who were becoming totally reliant on technology.
Who is striking? How Friday 16 December’s walkouts will affect you
Does PCOS Affect Pregnancy? Here are the Facts
Does PCOS Affect Pregnancy? Here are the Facts Blog – HealthifyMe Blog – HealthifyMe – The definitive guide to weight loss, fitness and living a healthier life.
Pregnancy is a beautiful part of every woman’s life. However, PCOS impacts 1 in 5 women in India, impacting their fertility and reproductive health, especially during child-bearing ages. After being diagnosed with PCOS, its impact on one’s fertility is the first thought. Most people assume that pregnancy is not possible with PCOS. But is it […]
The post Does PCOS Affect Pregnancy? Here are the Facts appeared first on Blog – HealthifyMe.
GM says supply chain issues won’t affect EV profitability by 2025
General Motors says supply chain constraints won’t hinder the automaker’s goal of reaching electric vehicle profitability by 2025. GM expects its EV portfolio to have “the same margin profile” as its internal combustion engine portfolio over the next three years once factoring in U.S. tax credits for cars and trucks, CEO Mary Barra said Thursday […]
GM says supply chain issues won’t affect EV profitability by 2025 by Rebecca Bellan originally published on TechCrunch
Amazon reportedly plans sweeping layoffs that could affect thousands of employees
Amazon could announce sweeping layoffs as early as this week, according to The New York Times. The company reportedly plans to cut approximately 10,000 corporate employees, with staff at its consumer-facing devices division among those who are likely to be affected by the move. Amazon employs approximately 1.5 million people globally. If the company moves forward with the cuts as reported, they would affect about three percent of its corporate workforce and would represent the largest reorganization in Amazon’s nearly 30-year history.
Amazon did not immediately respond to Engadget’s request for comment. Mass layoffs have been a frequent occurrence in the US tech sector in recent weeks. On November 9th, Facebook parent company Meta cut about 13 percent of its workforce, a move that saw more than 11,000 people lose their jobs at the social media giant. Before that, Twitter was decimated after Elon Musk ordered a 50 percent reducation of the company’s headcount. Over the weekend, the company also let go of most of its contract workers. Smaller firms like Lyft and Snap have laid off employees in recent months as well.
For Amazon, the planned layoffs are reflective of the company’s changing fortunes. Thanks to early pandemic lockdown measures, the retail giant experienced record growth and went on a hiring spree that saw its workforce double. In recent months, however, the company has seen growth slow due to a combination of mounting costs and the return of in-person shopping. The company recently posted a $2 billion loss and froze hiring at its corporate offices.
Elon Musk refutes Twitter layoff timing to affect year-end compensation
Elon Musk, Chief Twit, has refuted claims from a New York Times report this weekend that states he plans to lay off employees before Tuesday, November 1, thus cutting staff off from receiving stock grants as part of their compensation. In response to a tweet from Eric Umansky, deputy managing editor of ProPublica, that said […]
Elon Musk refutes Twitter layoff timing to affect year-end compensation by Rebecca Bellan originally published on TechCrunch