Tag: Layoffs and Job Reductions
Elon Musk Is Said to Have Ordered Job Cuts Across Twitter
SAN FRANCISCO — Elon Musk planned to begin laying off workers at Twitter as soon as Saturday, four…
The Humbling of Coinbase
The bloat was especially severe on Coinbase’s customer-service team. New staff members often felt that they didn’t have…
Gloomy about the economy and inflation, Americans remain upbeat about jobs.
Americans are worried about inflation, pessimistic about the economy overall and upset about the way their leaders are…
Loans Could Burn Start-Up Workers in Downturn
SAN FRANCISCO — Last year, Bolt Financial, a payments start-up, began a new program for its employees. They…
Start-Up Funding Falls the Most It Has Since 2019
SAN FRANCISCO — For the first time in three years, start-up funding is dropping.The numbers are stark. Investments…
Mark Zuckerberg Prepares Meta Employees for a Tougher 2022
SAN FRANCISCO — Mark Zuckerberg has a message for Meta employees: Buckle up for tough times ahead.At an…
Substack Is Laying Off 14% of Its Staff
Substack, the newsletter start-up that has attracted prominent writers including George Saunders and Salman Rushdie, laid off 13…
Bitcoin Plummets Below $20,000 for First Time Since Late 2020
Square, another payments company, bought $50 million of Bitcoin and changed its name to Block, in part to…
Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise
“The hunger of children is not a necessary cost to pay to bring down inflation,” Ms. Ananat, of…
Inside Kraken’s Culture War Stoked by Its C.E.O.
Jesse Powell, a founder and the chief executive of Kraken, one of the world’s largest cryptocurrency exchanges, recently…
Crypto Firms Quake as Prices Fall
SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as…
The Potential Dark Side of a White-Hot Labor Market
Ms. Calvo is hoping to work her way up to the assistant store-manager level, which would put her…