LinkedIn becomes latest tech company to conduct layoffs
LinkedIn, the business-focused social media platform owned by Microsoft, announced on Monday it would be reducing its workforce by approximately 668, becoming the latest tech company to conduct mass layoffs. “Talent changes are a difficult, but necessary and regular part of managing our business,” the company wrote in a blog post adding that the changes were a result of adapting organisational structures and streamlining decision-making. The company said the roles being cut span across engineering, product, talent and finance teams. “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect,” LinkedIn wrote. This round of layoffs comes just months after LinkedIn laid off 716 employees in May citing a change in their Global Business Organization. In the first half of this year, tech companies like Microsoft, Google, Meta and Amazon saw massive layoffs in part because the sector struggled to keep up with salary maintenance while revenue slowed down. In January, Microsoft announced it would be reducing its workforce by 10,000 following a report showing company growth was at its slowest in six years. Part of that included advertising revenue that performed worse than expected. Microsoft’s advertising revenue partially comes from LinkedIn which makes money from ads on the platform in addition to users who pay a premium membership subscription fee. Though LinkedIn saw revenue and website membership growth over the last year, it is slower than in previous years. In Q4 of 2023, the company’s revenue increased 5 per cent year-on-year – a drop from the previous quarter at 10 per cent. The company also laid off 716 workers in May, after growing massively during the pandemic. Around 40% of LinkedIn’s almost 20,000 workers were hired during the pandemic. The cuts affect approximately 3 per cent of the total workforce at LinkedIn. The company has an estimated 21,000 employees – around 40 per cent of those workers were hired during the pandemic, according to The San Francisco Chronicle. Read More Who is hit hardest by Big Tech job cuts? Cooks and janitors Microsoft spent two years trying to buy Activision Blizzard. For Xbox CEO, that was the easy part IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees
2023-10-17 04:56
NFL Rumors: Steelers could make a huge mistake with Broderick Jones
The Pittsburgh Steelers risk making a big mistake with rookie Broderick Jones, who was one of their best offensive linemen against the Ravens.
2023-10-17 03:46
Ken Burns' 'The American Buffalo' finds heartbreak and hope as it rides through US history
Anyone with an interest in history should be quite familiar with the Ken Burns playbook, which he puts to characteristically impressive use in "American Buffalo," a documentary weaving together the near-extinction of these majestic beasts, dispossession of Native-Americans and exploitation of the American West under one sweeping umbrella filled with heartbreak but also hope.
2023-10-17 00:46
The family who left America to live in their ancestral Italian cave
The Avellino family emigrated from a poverty-stricken Italian island in the early 20th century. But now they're back -- and living in their ancestral cave home.
2023-10-17 00:22
For Palestinian Americans and activists, doxxing is nothing new
Before college, Fouad Abu-Hijleh, 25, did not know of a world where it was wrong to support Palestinians.
2023-10-15 23:51
CNN Poll: Americans deeply sympathetic toward Israelis and see their military response to Hamas attacks as justified
The American public expresses deep sympathy for the Israeli people and broadly sees the Israeli government's military response to Hamas' attacks as justified, according to a new CNN poll conducted by SSRS, and two-thirds are at least somewhat worried the fighting between Israel and Hamas could lead to terrorism in the US.
2023-10-15 21:26
These Americans are enduring an agonizing wait for news about loved ones in Israel and Gaza
For Israelis and Palestinians alike, the world has been upended in a matter of days. For them, along with anxious loved ones across the United States, a terrifying new reality is starting to set in: A sense of impending doom, loss and uncertainty.
2023-10-15 05:25
History of NBA games played in Mexico: Full list
Delving into the history of NBA games in Mexico, and how they expanded from a single preseason game in 1992 to become a regular fixture in the league's international rotation, with 30 games hosted in 30 years.
2023-10-13 03:57
25-under-25: Luka Doncic can still make magic for the Mavericks
Luka Doncic is number one on this list and for good reason. At 24 years old he’s made the All-NBA First Team four times already and his career and is a top-5 player in the league, but his future with the Dallas Mavericks is surrounded by question marks.
2023-10-12 20:56
White House warns Israel crisis is stretching its ability to support Ukraine: ‘Running out of runway’
The White House said it was “running out of runway” on supporting both Ukraine and Israel as US Republican lawmakers warned they would protest any funding request for military aid from the Biden administration for the two crisis-hit nations. “I think in the immediate term, right now, we can continue to support – with the authorities in the appropriations we have – Israel and Ukraine. But, you know, we’re ... certainly running out of runway,” said John Kirby, a spokesperson for the National Security Council. Mr Kirby was answering a question at a daily briefing on the administration meeting the immediate needs of Ukraine and Israel along with the continuing fight to elect a House Speaker. Mr Kirby said the US administration had the means to support both Israel and Ukraine in the near term. “But you don’t want to be trying to bake in long-term support when you’re at the end of the rope,” he said on Wednesday. “And on the Ukraine funding, we’re coming near to the end of the rope. I mean, today we announced $200mn, and we’ll keep that aid going as long as we can, but it’s not going to be indefinite,” he said, adding that the US is moving with “a sense of alacrity”. He added a certain date could not be put on “near term” because it hinged on Ukraine’s expenditure rate and replenishment ability. The National Security Council coordinator also said the House Speaker position was critical in terms of bringing legislation to the floor and moving things forward. “So the sooner that there’s a Speaker of the House, obviously, the more comfortable we’ll all be in terms of being able to support Israel and Ukraine,” he said. The White House has been considering a budget request tying money for these two conflicts together to increase the chances that the heavily-debated assistance for Ukraine will be approved. President Joe Biden on Tuesday called the attack in Israel “an act of sheer evil” and said that the US military assistance was being sent to help Israel in its fight. Saturday’s Hamas attack was “the deadliest day for Jews since the Holocaust”, he said. He told Israeli prime minister Benjamin Netanyahu that the US will send more military assistance to help Israel fight Hamas. On Tuesday, he warned other countries and armed groups against entering the war. The US is already rushing munitions and military equipment to Israel and has deployed a carrier strike group to the eastern Mediterranean as deterrence. Read More Israel-Hamas war – live: IDF tanks and troops mass at Gaza border as soldiers prepare for attack order What is Hamas, and why did it attack Israel? All you need to know about militant group in Gaza A brief history of the Israel-Palestine conflict - explained How big is the Israeli military and what is the Iron Dome? White House walks back Biden comments that he had seen pictures of beheaded Israeli children
2023-10-12 18:15
Ericsson shares volatile after results, $2.9 billion charge
Ericsson shares were volatile early on Thursday, defying indications for a sharp fall after the Swedish telecom gear
2023-10-12 15:51
Eric Cantona thinks music career is 'closest thing' to time on football pitch
Manchester United legend Eric Cantona thinks his new music venture is "the closest thing" to his football career.
2023-10-12 15:20