PayPal lays off 2,500 workers one week after CEO announces 'new chapter'

Tech Insider
The PayPal logo on a sign at its headquarters.
PayPal announced a fresh round of layoffs on Tuesday, cutting about 2,500 jobs.

Justin Sullivan/Getty Images

Google will spend $700 million on severance this quarter

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CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022
In January 2023, Google laid off roughly 12,000 employees, or about 6% of its workforce.

Mateusz Wlodarczyk/Getty Images

Elon Musk reportedly prefers to hire people who've never been laid off

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Elon Musk prefers job candidates who have 'never been laid off no matter the reason' X recruiter says.
Elon Musk has conducted his fair share of layoffs.

LEON NEAL

UPS is cutting 12,000 jobs as CEO cites soft demand and high labor costs following historic contract deal

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Carol B. Tome on a yellow and brown collage
The job cuts will reportedly save UPS $1 billion in 2024.

UPS, Kevin Dietsch/Getty, Tyler Le/BI

Remote employees are more likely to be laid off than in-office peers — but they quit more, too

Tech Insider
A businessman sits at his office desk, his forehead held in his hands, his elbows propped up on the desk before him, circa 1945. An ashtray and paperwork on the desk.
Remote workers are 35% more likely to be laid off than their in-office peers, The Wall Street Journal reported.

Archive Photos/Hulton Archive/Getty Images

Tech layoffs are expected to continue as companies seek to hire more AI talent, analyst says

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illustration of robot pulling chair away from office worker
January saw a huge amount of tech workers laid off as companies shift their focus and spending to AI.

Yossakorn Kaewwannarat/Getty

Salesforce is the latest tech company to cut jobs with 700 layoffs, report says

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Salesforce CEO Marc Benioff at NRF 2024
Salesforce CEO Marc Benioff.

Jason Dixson

TECH'S JOB-CUTS JANUARY

Tech Insider : Economy, Economy
quitting worker looking sad while holding a box of belongings
The year is off to a bad start for many tech workers as the industry's mass layoffs continue in 2024.

RealPeopleGroup/Getty Images

It looks like remote workers are getting the boot once again

Tech Insider
Niraj Shah, chief executive officer of Wayfair, attends the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho.
Wayfair targeted remote workers in its latest layoffs, it was reported.

Drew Angerer/Getty Images

Amazon layoffs: A timeline of the company's hiring freezes, restructuring efforts, and staff reductions into 2024

Tech Insider
Headshot of Andy Jassy in front of a blue background
Amazon CEO Andy Jassy.

Mike Blake/Reuters

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