Mark Zuckerberg declared 2023 to be a “year of efficiency.” Meta, laid off a third of its employees. Amazon, Google, and Microsoft cut tens of thousands of workers. This did not stop their worlds and actually, the companies were rewarded for doing so. Their stock prices soared and some divisions became more productive. Other tech companies followed their example and have started making changes to reduce costs. Tech companies have laid off many workers as their use of tech has decreased due to the shift from digital demand. Layoffs are more common now after years of booming global economy and zero interest rates. Other executives have noticed that other companies are doing it and this can make layoffs easier for them to execute. Many tech companies have admitted to over-hiring during the pandemic, so they are now making strategic cuts to invest in fewer projects. In the video game industry, a number of workers were laid off, partly due to the consolidation of game studios and a relatively muted slate of game titles. Other tech start-ups facing a lack of venture investment and are cutting staff as well.
Tech Layoffs Evolve: Emphasizing Focused Cuts and Reduced Layers
Elissa began receiving threatening messages early last year from a person calling themselves “Instamodelfan” targeting her daughter’s Instagram account. Despite having over 100,000 followers, the account has been under scrutiny for potentially exploiting children in exchange for money. However, the issue runs deeper than that. Research from The New York Times found that the platform […]Read More
Instagram maintains the 13-year-old minimum age for accounts, but parents can take control, largely for their daughters’ ambitions to become influencers. Parents initiate their child’s modeling career or gain favor from clothing brands, but a dark subculture emerges, controlled by men attracted to minors, as per The New York Times. The emergence of mom-run profiles […]Read More
Beijing’s Networks Expanding Hacking Efforts China has spread its hacking reach with new tools that exploit computer vulnerabilities and a network of contracted vendors. The large scale of China’s hacking operations poses a significant threat, with the FBI reporting China’s hacking program to be larger than all major nations combined. The U.S. has tracked consistent […]Read More