Retailers are hoarding labor even as tech layoffs mount

Tech Insider : Economy
Man walks in door of business with sign reading

Howard Schnapp/Newsday RM via Getty Images

Meta's chief business officer is leaving after 13 years amid the company ramping up its focus on 'efficiency'

Tech Insider
Marne Levine is chief business officer at Meta, formerly Facebook, overseeing the company’s advertising and business partnerships. Previously, Marne was VP of Global Partnerships, Business & Corporate Development; COO of Instagram; and before that, VP of Global Policy.
Marne Levine, who has served as chief business officer at Meta until now, announced Monday she would soon leave the company.

Courtesy of Meta

A Googler laid off while on vacation found out when her colleague texted her, and said it made her feel like she was 'just a number'

Tech Insider
Google offices
Google laid off 12,000 workers in January.

Leonardo Munoz/VIEWpress/Getty

UPS plans to lay off some of its controversial weekend drivers, union reps say, as delivery companies downsize for post-pandemic life

Tech Insider
UPS
UPS's higher-paid, unionized workforce gave it an advantage during the pandemic. Now that package volume has slowed from pandemic highs, many logistics companies are re-evaluating the size of their workforce.

Photo by Stephanie Keith/Getty Images

Twilio plans to lay off 17% of staff, internal email shows

Tech Insider
Twilio Jeff Lawson

John Phillips/Getty Images

Laid-off Google workers say the impersonal way the company let them go shows it's 'just as cutthroat corporate as anybody else'

Tech Insider
Sundar Pichai, CEO of Google Inc. speaks during an event in New Delhi on December 19, 2022
Google told affected US staff in an early-morning email on January 20 that "we no longer have a job for you."

Sajjad Hussain/AFP via Getty Images

Some Meta employees are getting paid to do 'zero work' as the company embarks on a 'year of efficiency': Financial Times

Tech Insider
Meta Mark Zuckerberg
Meta CEO Mark Zuckerberg told investors that 2023 will be the "year of efficiency" for the company.

Getty Images

An ex-Googler said finding out they'd get far less stock than expected felt like a 'second kick in the chest' after losing their job

Tech Insider
Sundar Pichai, CEO of Google's parent company Alphabet
Sundar Pichai is CEO of Google's parent company Alphabet.

Mateusz Wlodarczyk/Getty Images

Twitter went down because an employee accidentally deleted data, and there was nobody left on the team responsible due to Elon Musk's cuts, report says

Tech Insider
Illustration of Twitter logo that has cracks in it
Twitter suffered a "massive outage" on Wednesday.

Getty Images

Twitter founder Jack Dorsey mocked new owner Elon Musk's company over a major outage, saying it used to be where people talked 'when anything went down'

Tech Insider
Jack Dorsey and Elon Musk
Jack Dorsey and Elon Musk, former and current Twitter CEOs.

Joe Raedle/Getty Images; Michael Gonzalez/Getty Images

Subscribe to Layoffs