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Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report
Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...
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Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?
Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?
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Snap Plans to Cut Over 20 Percent Staff, Netflix Hires Two Former Snap Executives: Reports
Snap is reportedly laying off over 20 percent of its workforce in the company’s latest move after losing shares. The company also reportedly confirmed on Tuesday that two of its senior advertising executives have exited. Meanwhile, Netflix has given nod to reports citing that the two former Snap executives will be joining the streaming major for ...
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Snap Reportedly Plans to Lay Off Employees, Managers Discussing Job Cuts for Their Teams
Snap is reportedly planning to lay off employees in the coming months. The talks about job cuts are still under talks as managers are yet to take decisions for their teams. The company’s CEO Evan Spiegel earlier warned employees about slow hiring for the year. Snap’s shares went down 25 percent last month.
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Snap to Slow Hiring After Shares Plunge 25 Percent on Dismal Quarterly Earnings
Snapchat shares lost 25 percent in value on Thursday after dismal quarterly sales figures. The company’s loss in the second quarter tripled to $422 million (roughly Rs. 3,371 crore) while revenue rose 13 percent. The company is facing increased competition from TikTok and is battling inflation related woes, like other social media firms. The numb...
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Snap to Slow Down Hiring for the Year Following Plunge in Economy, Slashes Quarterly Forecast
Snap said the economy had worsened faster than expected in the last month. CEO Evan Spiegel has laid out a broad slate of problems. This comes days after Uber Technologies and Facebook owner Meta informed that they would rein in costs and hiring.
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Coinbase Hires Former Snap India Head Durgesh Kaushik to Lead Market Expansion Plans
Coinbase cryptocurrency exchange has hired the former head of Snap India, Durgesh Kaushik, to lead the company’s growth in emerging markets as well as leading its entry into a number of markets where Coinbase is yet to add a footprint.
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Snap Hires Jacqueline Beauchere as Its First Global Head of Platform Safety
Snapchat's owner has hired a longtime online safety advocate as its first global head of platform safety as the company continues to ramp up efforts around user safety and as social media firms face mounting global pressure from regulators and lawmakers.
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Snapchat Bets on Localisation, Opens Office in Mumbai to Expand India Base
Snapchat has opened its office in Mumbai and is set to hire a team as well as bring on board a large number of local content creators and partners to grow its presence in India.
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Snap Hires McDonald's Executive as First Marketing Head
Snap picked former McDonald's executive Kenny Mitchell to serve as its first chief marketing officer.
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Facebook Is Snapping Up Top Critics of its Privacy Practices
Facebook has a playbook for handling some of the most prominent critics of its privacy practices: It hires them.
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Snap Hires Two Executives to Take Over From Departing Imran Khan
Jeremi Gorman, formerly head of global advertising sales at Amazon.com, will be chief business officer. Former Huffington Post CEO Jared Grusd is joining as chief strategy officer.
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Tesla Hires Snap Executive Stuart Bowers as VP of Engineering
Snap confirmed the move and said that Bowers had a passion for robotics and would be working on Tesla's Autopilot tech.
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Snapchat 'Stories Everywhere' Will Bring Stories to the Web: Report
Snapchat is working on extending the reach of its "Stories" feature on the Web as it also continues to test a major redesign of its Android and iOS apps, a report claims.
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Indian-Born Sriram Krishnan Joins Twitter As Senior Director
Micro-blogging website Twitter has hired Indian-born Sriram Krishnan, a former top executive from Facebook and Snap, as its Senior Director of Product.
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Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report
Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...
-
Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?
Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?
-
Snap Plans to Cut Over 20 Percent Staff, Netflix Hires Two Former Snap Executives: Reports
Snap is reportedly laying off over 20 percent of its workforce in the company’s latest move after losing shares. The company also reportedly confirmed on Tuesday that two of its senior advertising executives have exited. Meanwhile, Netflix has given nod to reports citing that the two former Snap executives will be joining the streaming major for ...
-
Snap Reportedly Plans to Lay Off Employees, Managers Discussing Job Cuts for Their Teams
Snap is reportedly planning to lay off employees in the coming months. The talks about job cuts are still under talks as managers are yet to take decisions for their teams. The company’s CEO Evan Spiegel earlier warned employees about slow hiring for the year. Snap’s shares went down 25 percent last month.
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Snap to Slow Hiring After Shares Plunge 25 Percent on Dismal Quarterly Earnings
Snapchat shares lost 25 percent in value on Thursday after dismal quarterly sales figures. The company’s loss in the second quarter tripled to $422 million (roughly Rs. 3,371 crore) while revenue rose 13 percent. The company is facing increased competition from TikTok and is battling inflation related woes, like other social media firms. The numb...
-
Snap to Slow Down Hiring for the Year Following Plunge in Economy, Slashes Quarterly Forecast
Snap said the economy had worsened faster than expected in the last month. CEO Evan Spiegel has laid out a broad slate of problems. This comes days after Uber Technologies and Facebook owner Meta informed that they would rein in costs and hiring.
-
Coinbase Hires Former Snap India Head Durgesh Kaushik to Lead Market Expansion Plans
Coinbase cryptocurrency exchange has hired the former head of Snap India, Durgesh Kaushik, to lead the company’s growth in emerging markets as well as leading its entry into a number of markets where Coinbase is yet to add a footprint.
-
Snap Hires Jacqueline Beauchere as Its First Global Head of Platform Safety
Snapchat's owner has hired a longtime online safety advocate as its first global head of platform safety as the company continues to ramp up efforts around user safety and as social media firms face mounting global pressure from regulators and lawmakers.
-
Snapchat Bets on Localisation, Opens Office in Mumbai to Expand India Base
Snapchat has opened its office in Mumbai and is set to hire a team as well as bring on board a large number of local content creators and partners to grow its presence in India.
-
Snap Hires McDonald's Executive as First Marketing Head
Snap picked former McDonald's executive Kenny Mitchell to serve as its first chief marketing officer.
-
Facebook Is Snapping Up Top Critics of its Privacy Practices
Facebook has a playbook for handling some of the most prominent critics of its privacy practices: It hires them.
-
Snap Hires Two Executives to Take Over From Departing Imran Khan
Jeremi Gorman, formerly head of global advertising sales at Amazon.com, will be chief business officer. Former Huffington Post CEO Jared Grusd is joining as chief strategy officer.
-
Tesla Hires Snap Executive Stuart Bowers as VP of Engineering
Snap confirmed the move and said that Bowers had a passion for robotics and would be working on Tesla's Autopilot tech.
-
Snapchat 'Stories Everywhere' Will Bring Stories to the Web: Report
Snapchat is working on extending the reach of its "Stories" feature on the Web as it also continues to test a major redesign of its Android and iOS apps, a report claims.
-
Indian-Born Sriram Krishnan Joins Twitter As Senior Director
Micro-blogging website Twitter has hired Indian-born Sriram Krishnan, a former top executive from Facebook and Snap, as its Senior Director of Product.
