Google employees scramble for answers after long layoffs

Google employees scramble for answers after long layoffs

Google employees are scrambling for answers from management and co-workers as the company undergoes a massive layoff. Friday, AlphabetGoogle, owned by Google, announced the cut of 12,000 employees, or about 6% of the full-time workforce. As employees prepared for a possible layoff, they questioned management about the criteria for layoff, which surprised some employees, who … Read more

Feds seize nearly $700 million in FTX assets in Sam Bankman-Fried case

Feds seize nearly 0 million in FTX assets in Sam Bankman-Fried case

Former FTX chief executive Sam Bankman-Fried (C) arrives to plead before U.S. District Judge Lewis Kaplan in federal court in Manhattan, New York, January 3, 2023. Ed Jones | AFP | Getty Images Federal prosecutors seized nearly $700 million in cash and assets tied to Sam Bankman-Fried, mostly in the form of Robinhood stock owned … Read more

Google to lay off 12,000 people, says memo from CEO Sundar Pichai

Google to lay off 12,000 people, says memo from CEO Sundar Pichai

Google said on Friday it would lay off 12,000 of its workforce, adding to a slew of major US tech companies shedding jobs amid fears of a looming recession. Google CEO Sundar Pichai said in an email to company staff on Friday that the company would begin layoffs in the United States immediately. In other … Read more

Crypto lender Genesis Trading files for bankruptcy protection

Crypto lender Genesis Trading files for bankruptcy protection

Barry Silbert, Founder and CEO, Digital Currency Group David A Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy Thursday night in Manhattan federal court, the latest victim of the industry contagion caused by the collapse of FTX and a crippling blow to a company once at the heart of Barry Silbert’s digital … Read more

Apple has seen slower workforce growth than tech peers, no layoffs yet

Apple has seen slower workforce growth than tech peers, no layoffs yet

An employee cleans a window at Apple Inc.’s new Canton Road store in the Tsim Sha Tsui district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Images Many of the biggest tech companies are laying off staff as fears of a recession grow. But the job cuts come after a few years of … Read more