Layoffs articles

salesforcepaying matthew mcconaughey

Salesforce, which just laid off 8,000 workers, pays 'creative advisor' Matthew McConaughey $10 million per year

Not alright, alright, alright
Why it matters: Many tech industry workers have been laid off from their jobs recently, the result of over-hiring during the lockdowns and a global economic downturn. Becoming unemployed is a bitter pill, and it's even more depressing to learn that your former company pays a Hollywood actor millions of dollars a year to act as a creative adviser.
tech layoffs

January tech layoffs top December's total in less than a week

The big picture: We are less than a week into the new year and the tech sector is already feeling the squeeze. According to Layoffs Tracker, a whopping 29,686 tech employees across 27 companies have been let go globally so far this month. For comparison, 17,074 tech workers lost their jobs in December 2022. Put another way, there have been nearly 74 percent more job cuts in the first several days of 2023 compared to all of last month.