Employment

Exclusive-Meta Slashes Hiring Plans, Girds for 'Fierce' Headwinds

Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30 percent this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in […]

Netflix Lays Off 300 Employees in Cost-Cutting Drive

Netflix Inc said it laid off 300 employees, or about 4 percent of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. The move mostly affected its U.S. workforce and came after the company cut 150 […]

U.S. Tech Companies Yank Job Offers, Leaving College Grads Scrambling

One by one, over the last week of May, Twitter Inc rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients. “It was traumatic,” Iris Guo, an incoming associate product manager living in Toronto, […]