Bumble has been a major player in the online dating realm for nearly a decade. Tuesday, however, the company posted a $33 million net loss in Q4 2023 and announced the drastic action it would take to stem the bleeding — layoffs. TechCrunch has more, including how many employees will be let go and the challenges the app faces in a competitive market. https://flip.it/5bc-wU
#Tech #OnlineDating #TechNews #Layoffs
layoffs
CEO Andrew Wilson tells EA staff 5% of them will be laid off via empty and infuriating email - https://www.rockpapershotgun.com/ceo-andrew-wilson-tells-ea-staff-5-of-them-will-be-laid-off-via-empty-and-infuriating-email?utm_source=feed&utm;_medium=rss&utm;_campaign=feed #ElectronicArts #AndrewWilson #Blockbuster #Layoffs
Layoffs are hitting workers at some tech giants like Google, Microsoft and Tesla. Here’s why that may backfire, explains Business Insider’s Tim Paradis. "In short, the effects of layoffs can counter the financial benefits of expenses carved out of a P&L."
https://flip.it/KibAk7
#Tech #Career #LayOffs #Google #Microsoft #Tesla
Tesla charging chief Rebecca Tinucci cut 15-20% of her team after Musk demanded it.
She felt that would justify a major Supercharger network expansion, but when she met with Musk he wanted more layoffs. When she pushed back, he fired the whole team.
https://finance.yahoo.com/news/inside-story-elon-musk-mass-100216178.html
People keep saying we're gonna be replaced by AI, when this year we're just getting replaced by our already overworked coworkers or shut down to pad a fucking spreadsheet.