Tech layoffs, hiring slowdown stand out in red-hot job market:

Tech layoffs, hiring slowdown stand out in red-hot job market:

San Francisco: Compassandcamera |: Getty Images: US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more

Tech layoffs, hiring slowdown stand out in red-hot job market:

Tech layoffs, hiring slowdown stand out in red-hot job market:

San Francisco: Compassandcamera |: Getty Images: US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber posted a $ 5.9 billion loss in the first quarter of 2022. Philip Pacheco |: AFP via Getty Images: Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late … Read more