X sees a surge of 10 million new sign-ups in December amid news that a potential $75 million year-end ad revenue loss looms as major brands pause campaigns due to Elon Musk's controversial endorsement.
Amidst mounting economic challenges, companies worldwide grapple with tough choices, leading to widespread layoffs and a profound transformation of the job market. Here is a list of major layoffs.
ANZ managers have informed their teams about the new policy this week through generic emails, emphasizing the bank's requirement for employees to allocate at least half of their monthly working hours to being physically present in the office.
By understanding the impact of layoffs and supporting individuals through it, organisations can navigate this challenging process with empathy and respect.
According to an internal announcement made by the construction and developer firm, the job cuts will mostly affect the international operations teams working in three regions - America, Europe and Asia Pacific.
According to Jeffrey Pfeffer, the professor of organisational behaviour, the copycat behaviour of layoffs carries severe consequences as these reductions significantly increase the risk of suicide, more than doubling the odds and presenting a deeply concerning issue.
CEO Zuckerberg's revelation Meta's layoffs driven by vision of less bureaucracy and more scrappiness
Zuckerberg conveyed to employees his objective of building a "stronger technology company that can develop superior products more quickly." This goal is driven by the desire to improve Meta's financial performance.