The tech job recession is over

Tech Insider
Mark Zuckerberg, founder and CEO of Facebook/Meta, is seen in attendance during the UFC Fight Night event at UFC APEX on October 01, 2022 in Las Vegas, Nevada.
Mark Zuckerberg.

Jeff Bottari/Zuffa LLC

IBM halts hiring for 7,800 jobs that could be replaced by AI, Bloomberg reports

Tech Insider
ibm ceo Arvind Krishna
IBM's CEO Arvind Krishna

Brian Ach / Stringer / Via Getty

Why more Wall Street layoffs are coming, according to Lazard CEO Ken Jacobs

Tech Insider
lazard ken jacobs.JPG
Ken Jacobs, chief executive of Lazard.

Lazard

Disney begins the second round of 7,000 planned job cuts — targeting ESPN, theme parks, entertainment, and more

Tech Insider
bob iger disney lion king
CEO Bob Iger is looking to undo some changes made by his predecessor.

Reuters/Henry Nicholls

I'm a Stanford professor who's studied organizational behavior for decades. The widespread layoffs in tech are more because of copycat behavior than necessary cost-cutting.

Tech Insider : Economy
Stanford professor Jeffrey Pfeffer
Stanford professor Jeffrey Pfeffer says copycat behavior is a key factor in the mass layoffs sweeping tech, finance, and other industries.

Nancy Rothstein

Corporate leaders should be more honest with workers when job cuts are about performance, rather than the economy, a Harvard professor says

Tech Insider
Quiet layoffs are underway.
Employers shouldn't use layoffs as a way to cut low-performing workers, a labor expert told Insider.

simplehappyart/Getty Images

One Amazon team posted nearly 25,000 job openings last year — when only 7,800 had been approved

Tech Insider
Amazon
Amazon Web Service's utility computing team had over three times more job openings posted than were approved, Insider found.

Getty

Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says

Tech Insider
People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
Credit Suisse staff are reportedly flooding recruiters with calls about new jobs.

Spencer Platt/Getty Images

I was just laid off from Meta. We knew more cuts were coming before Mark Zuckerberg even told us, and the way the layoffs were handled was very cold.

Tech Insider
Mary Prescott, a former Meta recruiter who was laid off, stands in front of trees with yellow leaves
Mary Prescott says that she and her teammates preemptively said their goodbyes to each other last week in anticipation of Meta's latest layoffs.

Mary Prescott

Uber is cutting some employees as part of a 'more rigorous approach' to performance reviews

Tech Insider
Dara Khosrowshahi Uber
Dara Khosrowshahi, Chief Executive Officer, Uber, speaks onstage during the 2021 Concordia Annual Summit on September 22, 2021 in New York City. A representative for Uber told Insider the company is conducting "even more rigorous" performance reviews this year.

Leigh Vogel/Getty Images for Concordia Summit

Subscribe to Job Cuts