![]() ![]() The technology corporation cited a “ballpark” figure of 3,900 job losses, or 1.5% of its workforce, chief financial officer James Kavanaugh said Wednesday in an interview. 25, noting that they were related to a previously announced spinoff and sale of two business units. ( IBM) announced thousands of layoffs Jan. “The environment remains challenging, and our customers are taking a more measured approach to their purchasing decisions,” Salesforce CEO Marc Benioff said in a memo to employees. Salesforce announced in early January that it planned to lay off 10% of its 80,000 person workforce, or around 8,000 individuals. ![]() will be supported “in line with local practices.” Salesforce Pichai’s memo added that domestic employees would receive a severance package worth 16 weeks of salary and two weeks off additional pay for every year served, as well as six months worth of healthcare and immigration support. Sundar Pichai, Alphabet’s chief executive, shared a memo via the company’s website citing ill-hiring decisions over the past two years, which aimed to “match periods of dramatic growth.” He said, “To match and fuel that growth, we hired for a different economic reality than the one we face today.” The Google layoffs are the company’s largest ever, accounting for 6% of the company’s global personnel, and comes after a decision to defer a portion of employees’ January bonuses to be paid later in the year. Google’s parent company Alphabet said on Jan. The software company’s chief executive officer, Satya Nadella, wrote in a blog post that the software titan, which has a market value of $1.78 trillion, was affected by global economic stagnation. 18, Microsoft announced plans to eliminate 10,000 jobs, or around 4.5% of its 220,000 person global workforce. ![]() Spurred on by pandemic success, the company’s global workforce grew exponentially from 798,000 in the final quarter of 2019 to 1.6 million by the end of 2021. Sizable cuts were first proposed in November and, according to reports from the New York Times and the Wall Street Journal, at the time, the company estimated that they would eliminate 10,000 posts.Īccording to the New York Times, an anonymous source in Amazon’s Human Resources department said the number of layoffs was fluid and could be changed once business plans were finalized. The cuts are less than 1% of the global workforce, but would amount to about 6% of corporate jobs. In early January, Amazon CEO Andy Jassy revealed that the company was cutting 18,000 jobs, including layoffs in November. The Guardian reported that chief executive Bob Iger had outlined the restructuring plan to investors during Disney’s first quarter earnings call. The layoffs accounted for roughly 3.6% of its 220,000 global workforce and came on the heels of previous cuts by Warner Bros Discovery and Netflix in 2022. 9 as part of its corporate restructuring plan to save $5.5 billion in costs. This story is from today's edition of Morning Brew, a daily email publication.Disney announced 7,000 job cuts on Feb. Looking ahead.Sud told Barron's that Vimeo's growth will slow later this year as face masks come down and in-person happy hours come back, but should pick back up in 2022. $3.3 million in net profit, compared to a $20.3 million loss last year $89.4 million in revenue, a 57% annual increase In the first quarter of 2021, Vimeo reported… Vimeo's no longer an "indie version of YouTube"ĬEO Anjali Sud told The Verge that, under her leadership, it's become "more like a Slack or a Dropbox model, but for video." Vimeo's main business is software as a service, or Saas, that makes it easier for the Average Joe's Gymnasiums of the world to create and distribute video content. IAC, a holding company, is known for prolific dealmaking previous spin-offs include Match Group, Expedia, and LendingTree. Vimeo became the 11th company to be spun off from IAC yesterday when it went public on the NYSE. ![]() Hello! This story is from today's edition of Morning Brew, an awesome daily email publication read by 2.5 million next-generation leaders like you. Vimeo CEO Anjali Sud told The Verge that, under her leadership, it's become "more like a Slack or a Dropbox model, but for video." SOPA Images/Getty Images ![]()
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