Layoffs at tech companies signal a shift in IT spending

Jan 5, 2023
Salesforce said this week it’s reducing office space and laying off about 10% of its workforce, after years of increasing employee headcount. Some analysts say this could be a sign of the company maturing.
Salesforce announced that it will lay off around 10% of its workforce, which comes after a previous pandemic-era expansion.
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Why layoffs are picking up at small businesses

Jan 4, 2023
The labor market is still pretty tight, but the smallest businesses are more vulnerable to an economic downturn.
Businesses with fewer than 10 employees tend to have a harder time building up cash to weather a recession, and may turn to layoffs as a cost-cutting measure.
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Layoffs are not necessarily cause for broader economic alarm

Jan 2, 2023
Unemployment claims show that laid-off workers are not staying unemployed for long. That's because hiring remains strong.
Hiring outpaced layoffs at a rate of 4 to 1 in October.
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Job churn is settling back to pre-pandemic levels

Dec 2, 2022
A lot of people have been quitting their jobs ever since the pandemic started, thanks in part to the tight labor market. But lately, there are signs that job churn could be returning to its pre-pandemic level.
Job churn has been up since the pandemic started, as many people quit or changed jobs.
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Is anyone who lost their job blaming the Fed?

Dec 1, 2022
About 225,000 filed unemployment claims last week. The public soured on the Fed the last time it jacked up interest rates to quell inflation.
While the public hasn't soured on Federal Reserve Chair Jerome Powell as much as it did on Paul Volcker in the '80s, a Gallup poll finds approval of the Fed slipping.
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Food delivery apps supersized in recent years, but profits didn't

Nov 30, 2022
Job cuts at DoorDash reflect a changing economy.
The market for food delivery apps boomed during the pandemic, but the "lifeline" they provided is no longer vital.
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For public good, not for profit.

Name mix-ups and callous HR directors: Employees share how they got laid off

Nov 16, 2022
With tech companies announcing staffing cuts, you shared some of your own experiences surviving layoffs.
One tenure-track professor told us their employer informed them of their layoff by sliding a notice across the table.
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Tech layoffs show why managing growth can be so tricky for companies

Nov 9, 2022
From Meta to Twitter to Twilio, companies are realizing they might have grown too quickly.
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When losing your job means losing your right to stay in the U.S.

Nov 9, 2022
Mass layoffs in the tech industry could hit H1B visa workers especially hard.
The waves of tech layoffs at companies like Twitter have endangered the ability of many workers to stay in the U.S.
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