Amazon begins cutting jobs in the Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, USA, on Tuesday, October 5, 2021. David Rider | Bloomberg | Getty Images Amazon began laying off employees in its business and tech workforce on Tuesday as CEO Andy Jassy ramps up efforts to contain costs. The company has notified employees … Read more

Amazon begins cutting jobs in the Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, USA, on Tuesday, October 5, 2021. David Rider | Bloomberg | Getty Images Amazon began laying off employees in its business and tech workforce on Tuesday as CEO Andy Jassy ramps up efforts to contain costs. The company has notified employees … Read more

Cybersecurity stocks beat the market in a volatile economy

CrowdStrike IPO at the Nasdaq Exchange June 12, 2019. Source: Nasdaq Economic concerns were a major theme in the tech industry during Q2 earnings season as companies warned of slower spending on advertising, gadgets, e-commerce and software. But with interest rates rising and inflation hitting a 40-year high, part of the technology sector still shows … Read more

Canada cuts jobs again, but unemployment rate remains at record level

A large billboard advertising Tim Hortons is photographed outside the Tim Hortons restaurant on Donlands Avenue and O’Connor Drive on November 25, 2021.Fred Lum/the Globe and Mail Employment in Canada fell for the second consecutive month in July, but the unemployment rate remained stable at historically low levels as more people left the labor market. … Read more

Online furniture seller Article cuts 216 jobs as Canadian tech layoffs mount

Andy Prochazka, Chief Marketing Officer and co-founder of furniture company Article, poses for a photo in Vancouver, Wednesday, January 30, 2019.DARYL DYCK/The Globe and Mail The number of layoffs at Canadian tech startups continues to rise as the economic outlook deteriorates. On Thursday, three Canadian companies — online furniture retailer Article and online marketing technology … Read more

Walmart fires corporate employees after cutting forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart has begun laying off company employees, the company confirmed Wednesday, about a week after it cut its earnings forecast and warned consumers had been pulling back on discretionary spending due to … Read more

Michele Romanow’s Clearco lays off a quarter of staff as financier battles tech slump

Clearco CEO Michele Romanow speaks onstage during TechCrunch Disrupt San Francisco on October 2, 2019.STEVE JENNINGS/AFP/Getty Images Clearco is cutting a quarter of its workforce and hinted it could pull out of several foreign markets as the e-commerce merchant became the second prominent Canadian tech company this week to admit it was expanding too quickly … Read more