Found a total of 10000 related content
Alibaba Cloud layoff plan exposed: layoff ratio reaches 20%
Article Introduction:According to news on May 26, it was recently reported that Alibaba Cloud plans to lay off employees. According to industry insiders, Alibaba Cloud will conduct centralized layoffs and lightning layoffs from May 16 to May 30. The overall layoff ratio is expected to be about 20%, and the compensation method is N+3+ and free social security for the next month. In response to these rumors of layoffs, Alibaba Cloud responded that the actual overall optimization ratio is about 7%, and the compensation standard is N+1+1. However, such large-scale layoffs are rare in Alibaba Cloud's history. In addition to layoffs, Alibaba Cloud also announced substantial price cuts on a number of products at its partner conference on April 26 this year. Among them, the price reduction of storage products has been the largest, with the price of OSS deep cold archive falling by 50%; the price of database products has also dropped by 25% to 4
2023-05-28
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List of tech industry layoffs in 2024
Article Introduction:Layoffs are a nightmare for skilled workers or anyone working in any field. During the epidemic, IT companies faced severe challenges, and layoffs became a necessary means of adjustment due to cost reductions, buyouts, restructuring and economic downturn. The development of artificial intelligence has also led to the reduction of jobs and an increase in layoffs to a certain extent. In the current situation, many IT companies have to take layoff measures to cope with the challenges. Which companies will lay off employees in 2024? All major technology companies, such as Google, Amazon, Microsoft, Meta and Salesforce, plan to carry out large-scale layoffs in 2024. In the first month, 25,000 employees lost their jobs, and this situation is likely to continue later in the year, and the number of layoffs is likely to continue to increase. 20
2024-02-19
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Amazon lays off music streaming unit, layoffs affect 27,000 employees
Article Introduction:According to news from this website on November 10, according to Reuters, Amazon has begun to lay off employees in the music department. Multiple rounds of layoffs in the past year have affected more than 27,000 employees. Employees in Latin America, North America and Europe received layoff notices on Wednesday, according to people familiar with the matter. An Amazon spokesperson confirmed the layoffs in an interview with Reuters, but declined to disclose the specific number of employees affected. Amazon said in a statement: "We have been paying close attention to our organizational needs and prioritizing the needs of our customers and The long-term health of our business is the most important thing." "Some positions on the Amazon Music team have been eliminated, and we will continue to invest in Amazon Music." According to a review of the Worker Adjustment and Retraining Notification website, Washington state, where Amazon is headquartered, California
2023-11-10
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Amazon lays off more workers: Prime and MGM Studios to cut hundreds of jobs
Article Introduction:According to a report by The Information, Amazon recently sent an email to employees revealing that they plan to lay off hundreds of employees at Prime Video and MGM Studios. Mike Hopkins, head of Amazon Prime and film and television studios, said the company is considering cutting or stopping investment in some areas and will increase spending on some content and product projects to achieve greater impact. According to this site, Amazon laid off more than 25,000 employees last year, and Prime Video and MGM Studios also laid off employees early last year. Bloomberg reported earlier today, citing people familiar with the matter, that Amazon’s live-streaming platform Twitch plans to lay off at least 500 people, about 50% of its employees.
2024-01-12
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Sun大裁员 将裁减部分MySQL员工
Article Introduction:Oracle收购Sun之后,大家最担心的还是MySQL的命运问题。到底MySQL该不该死,Oracle似乎信誓旦旦的表示不会。但是日前Sun大举裁员的举动,似乎与Oracle的承诺背道而驰。 11月底的时候,Sun Microsystems公司的几千名员工意识到,从1月4日开始,他们的服务将不
2016-06-07
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Tesla's global layoffs, employee compensation plans in China and the United States exposed
Article Introduction:On April 18, Beijing time, Tesla has launched global layoffs, and its main markets, the United States and China, have become the hardest hit areas. So, how does Tesla compensate laid-off employees in the United States, and how is it different from China? China Compensation Plan Domestic media reported that Tesla’s layoffs in China cover multiple departments, some departments have already completed layoffs, and sales staff are the “hardest hit area.” Because all Tesla stores adopt a direct operation model and store sales are also candidates for laid off employees, the proportion of layoffs in China this time may exceed 20%. The compensation standard for laid-off employees is "n+3 (that is, the number of years of service in the unit plus 3 months)" times the salary. According to people familiar with the matter, some departments will be optimized by 30% to 40% in this layoff, and individual departments will be optimized by 50%. Other departments generally
2024-04-18
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Sources say Tesla has launched a new round of layoffs, involving employees in multiple departments
Article Introduction:According to news from this site on May 7, according to Electrek, Tesla has launched a new round of layoffs. Employees in several departments, including software, services, and engineering, have received relevant emails over the weekend. Three weeks ago, Tesla began large-scale layoffs. According to previous reports by this site, the automaker announced that it will lay off about 10% of its employees. It is reported that Musk wants Tesla to lay off 20% of its employees because its quarterly car deliveries dropped by 20%. According to reports, Musk fired Tesla’s former charging director Rebecca Tinucci and her entire team last week. The layoffs were expected. Musk then emailed other executives, telling them that if a higher percentage of layoffs were not implemented, the executives themselves would be fired. Musk lays out layoffs
2024-05-07
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Twitch announces massive layoffs, more than 500 employees will be laid off, accounting for more than 1/3 of the total workforce
Article Introduction:Bloomberg reported that Twitch announced the layoffs of more than 500 employees, accounting for about 35% of its total employees. Twitch CEO Dan Clancy said in a statement: "I am very sorry to announce that in order to deal with the current challenges, we have to make the difficult decision to lay off more than 500 people. This is a difficult task." Twitch has been in the process for nearly a year. A second major layoff has been carried out. In March 2023, Twitch laid off 400 employees as part of a massive layoff plan by Amazon's parent company, while Amazon laid off a total of 18,000 employees. In addition, several senior executives, including Chief Product Officer Tom Verrilli, Chief Customer Officer Doug Scott and Chief Content Officer
2024-01-13
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Sony SIE announces 900 layoffs globally, accounting for 8% of total employees
Article Introduction:DoNews reported on February 27 that Sony Interactive Entertainment SIE announced that it would lay off 900 people worldwide, accounting for 8% of the total number of employees. All SIE studios will be affected by the layoffs, including Insomniac Games, Naughty Dog and Guerrilla Games, as well as Firesprite Studios in Liverpool, and PlayStation London Studios. Sony said that all functions of SIE in the UK will be weakened and the London studio will be closed directly, while Firesprite Studio will also reduce its size. SIE President and CEO Jim Ryan called it “a difficult time for our company.
2024-02-28
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dYdX and ConsenSys Announce Layoffs, Blaming American Regulators
Article Introduction:Antonio Juliano, the CEO of the decentralized derivatives exchange dYdX, announced a 35% layoff. He thanked the former employees for their work and explained the layoffs as the need to “revitalize” the exchange
2024-10-31
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AI giant C3.ai suffered massive employee layoffs and its stock price fell sharply
Article Introduction:It was reported that artificial intelligence (AI) software company C3.ai laid off employees last week due to poor performance of some employees and the company's need to reduce costs. Media quoted people familiar with the matter as saying on Monday (November 21) that various departments of the company Employees have been laid off. Last Thursday (November 16), an executive pointed out in a meeting attended by hundreds of employees that C3.ai needs to reduce costs. According to reports, management's decision to lay off employees is related to their personal performance and is dismissal rather than layoffs. Many fired employees only received one month's severance pay. The number of employees affected is unclear at this time. However, a person familiar with the matter revealed that C3.ai made similar layoffs about six months ago, which was also based on employee performance management.
2023-11-21
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Pixar plans to cut 20% of its workforce, Disney+ faces profitability challenges
Article Introduction:News from this site on January 15. According to a new report from TechCrunch, after laying off 75 people in June 2023, Pixar will face more layoffs in 2024 as parent company Disney’s Disney+ streaming service still struggles to achieve profitability. . Sources at Pixar said the layoffs will be "massive, with cuts as high as 20%." According to reports, this will reduce Pixar's team size from about 1,300 to about 1,000 people. As for which employees may be affected, sources pointed out that employees hired specifically for Disney+ will be laid off. In response, Pixar told TechCrunch that these estimates are "too high" and that the number of employees affected by the layoffs is still up in the air.
2024-01-16
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Meta announced large-scale layoffs, and technical staff became the first batch of streamlined targets. Xiao Zha made remarks to ease employee panic.
Article Introduction:Starting this week, META began to "manipulate" their own people again. On March 14, Xiao Zha issued an all-member letter: "Meta Efficiency Year - Update". Meta's first priority now is to drastically lay off employees. Xiao Zha clearly told the employees in the letter: 10,000 of you will be fired. A new round of layoffs will begin this week as part of Meta's multi-phase layoff plan that could last for several months. On the 14th, Meta shares closed up 7%. Xiao Zha: It’s too difficult. There is no way. This will be Meta’s second round of major layoffs since November last year. In November last year, Meta laid off 11,000 people, accounting for 13% of its total workforce, becoming the first large-scale layoffs in the company's history. The letter mentioned that this week’s
2023-04-21
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It is reported that JD.com started small-scale layoffs at the end of last month, and some employees were dissatisfied with the compensation.
Article Introduction:JD Logistics conducted a round of small-scale layoffs at the end of November. According to China Business News, laid-off employees expressed dissatisfaction with the company's compensation package, and some of them chose arbitration. However, the company did not clearly give the reasons and standards for layoffs. Wang Ming, a P employee from JD Logistics’ Guangdong Sales and Service Department, said that he and at least seven colleagues were notified of layoffs by the company at the end of November. He revealed that employees laid off by JD.com did not receive year-end bonuses. At the same time, the N+1 compensation was initially based on after-tax salary standards, but was changed to pre-tax after employees expressed dissatisfaction. Later, some laid-off employees gave up their year-end bonuses and signed to leave. He was dissatisfied with this and was unwilling to sign. As a result, the company unilaterally terminated the contract, and the human resources department asked them to pursue rights protection. Wang Ming said that there are about 70 people in his department.
2024-01-07
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Cisco cuts another round of layoffs, expects to lay off 350 employees in October
Article Introduction:This site reported on September 17 that Cisco Systems, a technology company headquartered in San Jose, will permanently lay off hundreds of employees in the South Bay area next month, according to California state government documents. Cisco Systems will lay off 227 employees in its San Jose office and 123 employees in its Milpitas office, according to a warning notice filed by the company last week. The layoffs will take effect on October 16, according to the company's filing. Cisco Systems in August reported revenue of $12.6 billion for the fiscal year ended July 29 (Note from this site: currently about 91.728 billion yuan), an increase from last year. increased 7% and repurchased $2.8 billion of stock in the fourth quarter. At the end of 2022, Cisco Systems laid off all employees at once
2023-09-21
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OPPO responds to 'mass layoffs of Huawei employees”: False
Article Introduction:According to Tencent Technology, on July 16, in response to reports of "a large number of layoffs of Huawei employees," OPPO officials denied it in response to Tencent Technology. OPPO stated that "OPPO has laid off employees at various agencies across the country and laid off a large number of Huawei employees. At the end of last year, all Huawei employees in the factory system were laid off" is false and untrue information about the company, and reports based on this assumption are not true. . Previously, some media reported that the "Huawei channel reform" promoted internally by OPPO has gradually come to an end since the second half of 2023, and various agencies and factories across the country have laid off Huawei employees. The article stated that under Huawei’s reform, “the large customer model has a great conflict of interest with OPPO’s existing secondary dealer model.
2024-07-17
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470
Sources say that SAIC will lay off thousands of employees this year. SAIC: Inaccurate
Article Introduction:DoNews reported on April 1 that Reuters reported that SAIC Motor plans to lay off thousands of employees in 2024 at its joint ventures with General Motors and Volkswagen and at one of its electric vehicle subsidiaries. Reuters reported on April 1, citing two people familiar with the matter, that the Chinese state-owned automaker was seeking to cut 30% of its workforce at SAIC General Motors, 10% at SAIC Volkswagen, and more than half of its workforce at subsidiary Feifan Automobile. People familiar with the matter said that the layoffs will not be carried out on a large scale at one time and are planned to be completed within 2024. The company will lay off most of its workforce by setting tougher performance standards and offering severance packages to employees who resign due to low performance. A spokesman for SAIC Motor said the Reuters report that the company would lay off employees was "untrue" and said the company would not provide compensation for laid off employees.
2024-04-01
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Most of the layoffs in Tesla's China sales department are new employees within six months, and they will provide 0.5N+3 compensation.
Article Introduction:According to news from this site on April 17, yesterday it was reported that Tesla has begun communicating with stores about the layoff list, and "basically someone has been laid off in every store." Tesla sales department personnel told Jiemian News that most of the laid off employees are new members who have worked for less than six months. "This group of people will be compensated according to '0.5N+3'. Because Tesla's basic salary is higher, the compensation will be about 40,000 to 50,000 yuan." Another laid-off Tesla employee said on April 16 In the afternoon of the same day, all employees received notices of resignation one after another and completed the formalities. The compensation amount was "N+3", of which the layoff ratio in most departments was 20%, and the layoffs have ended. On April 16, Tesla CEO Musk posted on social media platforms that Tesla was in the process of streamlining sales and transactions.
2024-04-18
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Domestic layoff compensation ceiling? Canon Suzhou was exposed to compensate for layoffs N+12/2N+12
Article Introduction:News from this site on August 1. According to Leifeng.com’s report today, due to market contraction, Canon Suzhou was recently revealed to have started a new batch of layoffs, involving thousands of people, and the compensation was “refreshing the ceiling for layoffs by foreign companies” - no fixed The contract period is N+12 or 2N+12. The news was later confirmed by netizens in the industry, "The only bad thing is that there is no overtime for more than a year, so the salary is not high, but this is the top compensation in the country, no one." In 2022, Canon's Zhuhai plant in China will be laid off. It has attracted widespread attention for its high compensation award. The compensation package given at that time included five major parts: economic compensation, special condolence payment, employment support payment, memory bonus and Spring Festival condolence payment. An employee once revealed that before the factory decided to close down, his monthly salary was 7,000-100
2024-08-01
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