Jan 20 Watch 3:38 News Wrap: Protests in Peru demand ouster of president and call for new elections In our news wrap Friday, Peru braced for more protests of crowds demanding the ouster of the country's new president and new elections, the Church of England has formally apologized for its treatment of LGBTQ people and what it calls… Continue watching
Jan 20 Google cuts 12,000 jobs as layoffs spread across tech industry By Kelvin Chan, Associated Press Google says it's laying off 12,000 workers, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. The Silicon Valley giant's CEO Sundar Pichai shared the news Friday in… Continue reading
Jan 18 Watch 4:41 Massive tech layoffs, slowing growth boost fears of possible recession By Geoff Bennett The job cuts in big tech are piling up. Microsoft said it's laying off 10,000 employees and Amazon started a fresh round of job cuts in what’s expected to become the largest workforce reduction in its 28-year history. It all… Continue watching
Jan 18 Microsoft cuts 10,000 jobs globally, about 5 percent of workforce By Matt O'Brien, Associated Press Microsoft is cutting 10,000 workers, almost 5% of its workforce, as it joins other tech companies in a scaling back of their pandemic-era expansions. Continue reading
Jan 05 As CES opens, startups face cautious investors amid economic uncertainty By Haleluya Hadero, Associated Press More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors. Continue reading
Dec 02 Watch 6:12 Tech industry hit with massive layoffs as other employers add jobs By Paul Solman, Ryan Connelly Holmes The latest jobs report is further confirmation of a labor market that may be slowing down but has proven more resilient than many have expected. Many sectors are continuing to add jobs, but that's not true in the tech sector,… Continue watching
Nov 13 Outsourced content moderators lose Twitter jobs in Musk’s latest round of cuts By Barbara Ortutay, Matt O'Brien, Associated Press Twitter’s new owner Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a job. Continue reading
Nov 04 Widespread Twitter layoffs begin a week after Musk takeover By Barbara Ortutay, Matt O'Brien, Associated Press Twitter's roughly 7,500 employees have been expecting layoffs since Musk took helm of the company. Already, Musk has fired top executives, including CEO Parag Agrawal. Continue reading
Jul 07 U.S. jobless claims rise to 235,000, most in nearly six months By Matt Ott, Associated Press More Americans applied for unemployment benefits last week, and while layoffs remain low, it's the fifth straight week claims have topped the 230,000 mark. Continue reading
Mar 18 U.S. jobless claims rise to 770,000 with layoffs still high By Paul Wiseman, Associated Press The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the coronavirus recession. Continue reading