PARIS — A strike at the Eiffel Tower over poor financial management turned away visitors on Tuesday for the second consecutive day. Denis Vavassori of the CGT union, which represents a large number of the Eiffel Tower’s employees, said its members voted unanimously to extend the strike on Tuesday. He said employees were willing to … Read more
Google has initiated significant layoffs across its various teams, including the Voice Assistant, hardware, engineering and ad sales teams, marking a continuation of the tech industry’s trend towards reducing workforce expenses. The layoffs have affected hundreds of employees within the Voice Assistant unit; hardware teams responsible for Pixel, Nest and Fitbit products; and a considerable … Read more
What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company. “The return after dilution was eight times my investment,” said Selma Ribica in an interview with TechCrunch recently. “I kept some stock of the … Read more
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more
TEL AVIV, Israel — An Israeli document obtained Monday spelled out allegations against a dozen U.N. employees the country says took part in Hamas’ Oct. 7 assault — claiming seven stormed into Israeli territory, including one who participated in a kidnapping and another who helped to steal a soldier’s body. The allegations against staffers with … Read more
Microsoft will lay off around 1,900 employees in its Gaming unit, or around 9% of Microsoft Gaming’s headcount, according to a Thursday memo obtained by CNBC. Microsoft Gaming CEO Phil Spencer said that the layoffs were part of a larger “execution plan” that would reduce “areas of overlap,” a little more than three months after … Read more
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Team, We are on a path to building a stronger eBay for the future — one that is growing, and resilient in the face of any challenge. Over the past three years, we made fundamental changes in our experiences across categories and accelerated the pace of innovation at eBay. In areas where we’re investing, we … Read more
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Tuesday that it plans to lay off 9% of the company’s workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. The stock rose more than 3% in extended trading. Jamie Iannone, eBay’s CEO, told … Read more
SAP CEO Christian Klein speaks at a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. Stefan Wermuth | Bloomberg | Getty Images SAP said on Tuesday that it aims to carry out voluntary buyouts or enable job changes for 8,000 employees as part of … Read more
TikTok is the latest tech company to mount another round of layoffs in an increasingly bleak January. According to NPR, which broke the news, TikTok cut about 60 jobs, mostly in sales and advertising. TikTok did not respond to our request comment before publication. Despite controversy in Congress over its Chinese parent company, TikTok — … Read more