Goldman Sachs is not the only company to participate in the latest round of Wall Street layoffs. Such banking giants as Morgan Stanley and JPMorgan Chase are also reducing their headcount. Banking giant Goldman Sachs Group Inc (NYSE: GS) is reportedly planning to run a new round of layoffs. According to those familiar with the matter, … Read more
Facebook parent Meta has embarked on another round of layoffs that could affect thousands more amid the company’s ‘Year of Efficiency.’ Meta Platforms (NASDAQ: META) is conducting yet another round of layoffs for the third time in less than three months. The Facebook parent has already cut more than 20,000 jobs since November, with the … Read more
A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties. Despite the current economic conditions, a number of tech giants are still likely to embark on company layoffs even though they are turning profits. These layoffs have been ascribed to a slowdown in operational growth and seen … Read more
Meta is reportedly working towards additional layoffs that could impact another set of thousands of employees. This comes after the technology company laid off 13% of its workers in November 2022 as part of its cost-cutting efforts. On November 9, CEO Mark Zuckerberg said in a letter shared with Meta Platfroms’ staff that more than … Read more
Facebook parent Meta is resorting to a new round of layoffs as part of its “year of efficiency” agenda, as it plans to cut costs in 2023. Meta Platforms (NASDAQ: META) is reportedly preparing for a new round of layoffs expected to take place in March. However, how many people the tech conglomerate intends to let … Read more