Information technology giants Google and Meta have started the New Year with a fresh round of layoffs that will impact specific departments in their respective firms. Meta said it is laying off some technical programme managers (TPMs) at Instagram and reports said that at least 60 such jobs are either being consolidated or eliminated. Google announced it is laying off hundreds of hardware employees, especially in the augmented reality (AR) division while Fitbit co-founders James Park, Eric Friedman and other Fitbit leaders are reportedly leaving the company.
Tag: NewYear
Over 425,000 tech employees lost jobs in last 2 yrs, 24 workers per hour
Tech companies, including startups, around the world have fired more than 425,000 employees in the last two years (till December 26, 2023), with more than 36,000 employees being sacked in India in the same time period.
Consumer sentiment rises in the US as the year ends with inflation falling quicker than expected
Consumer sentiment index in the US soared 14 per cent in December – even better than the earlier estimate a couple weeks ago – as consumers reacted to the latest data on inflation that shows it making substantial progress toward the Federal Reserve’s 2 per cent annual target, media reports said.