Judge rules against the $56 billion pay package for Elon Musk, after siding with legal challenge by Tesla investor
News Incomes
IMF: AI Could Impact 40 Percent Of Jobs Worldwide
Ahead of World Economic Forum in Davos IMF predicts 40 percent of jobs worldwide affected by AI, rising to 60 percent in advanced countries
Businesses Turn To Remote Workers To Obtain Skills, Expereo Finds
New research from Expereo finds one third of global enterprises hire people they have never met, due to skills shortage
Amazon UK Warehouse Staff To Walk Out Next Month
Amazon to increase base pay for its UK workers and is to hire 15,000 seasonal workers, but trade union says staff will walk out next month
Foxconn To Double Jobs, Investment In India In Next 12 Months
Bad news for Beijing? Executive confirms Foxconn is to double its workforce and investment in India by next year
AI Growth Prompts Job Takeover Fears, Corndel Finds
Younger employees in particular fear their jobs are at risk due to the rise of artificial intelligence (AI), Corndel finds
Quarter Of IT Professionals Consider Quitting, Ivanti Finds
New research by Ivanti paints bleak picture, with a quarter of IT professionals considering quitting their job within six months
Amazon To Penalise Staff Excessively Working From Home
Staff at Amazon who work from home too often are being tracked and will be penalised, e-commerce giant warns
Twitter Owes Former Staff $500m, Lawsuit Claims
Lawsuit from Twitter's head of employee benefits alleges Elon Musk platform owes sacked staff $500m in severance payments
Google To Crack Down On Office Attendance
Tech giant Google asks full remote workers to reconsider, amid crackdown on those not adhering to hybrid work schedule
AI To Fundamentally Change Recruitment Process
Research from Totaljobs suggests AI will fundamentally change the workplace as well as the recruitment process
Meta Workers Told To Return To Office Three Days A Week – Report
Facebook parent organisation Meta requires staffers to return to the office three days a week, starting in September
Twitter Sued By Janitors, As Musk Meets Chinese Officials
As Elon Musk jets into China to meet government officials, Twitter is sued by fired cleaning staff at its offices in New York
Meta Starts Axing Nearly 20 Percent Of Irish Workforce
Nearly 500 jobs are being axed at Meta's international headquarters in Ireland, in its third and final round of layoffs
Hybrid Working Key Factor For Most Tech Workers
Techspace report finds that three quarters of tech workers consider hybrid working a key factor when choosing future employer
Microsoft Freezes Salaries, Amid Economic Uncertainty
CEO Satya Nadella informs Microsoft workforce there will be no salary increases in 2023, and executive bonuses will be 'down considerably'
Google Staff In London Walkout Over Job Cuts
Some of Google's 5,000 staff in the UK walkout over dispute about job cuts, mirroring similar walkout in Zurich last month
Meta To Layoff Another 10,000 Staff
Mark Zuckerberg's 'year of efficiency' continues after he makes “difficult decision” to axe 10,000 jobs, on top of November's 11,000 layoffs
Amazon Pauses Construction At Second HQ In Virginia
Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant
Amazon Staff Push Back At Return-To-Office Order
Unhappy Amazon staff reportedly taking to internal websites and comms channels to complain about return-to-office order
Tesla Staff In NY Launch Union Campaign
Elon is not going to be pleased. Tesla workers in New York state launch unionisation campaign, despite Elon Musk opposition
Intel Cuts Pay For Staff, Executives
Salaries for mid-level staff and senior management at Intel have been cut after it posted lower-than-expected sales forecast
IBM And SAP To Cut Thousands Of Jobs
Two more tech players announce culling of thousands of jobs, with IBM letting go 3,900 positions and SAP cutting 3,000
Google Delays Portion Of Bonus Payments To Staff
Alphabet is to defer a portion of the bonus given to staff until later in the year - in a move that surprises the workforce
Twitter Revenue Down 40 Percent, As 500 Advertisers Pause Spending
Report that more than 500 advertisers have paused spending with Twitter, and it's daily revenue is 40 percent down from a year ago
Tim Cook Agrees To Huge Pay Cut
Apple acts on Tim Cook's recommendation and severely reduces his salary, but the CEO will still take home nearly $50 million
Amazon Staten Island Union Victory Upheld By Federal Board
Historic trade union victory at at Amazon’s Staten Island warehouse last year has been upheld, but Amazon said it will appeal again
Microsoft Officially Recognises First Ever Union
More unionisation among tech workforces. Staff at one of Microsoft's recent billion dollar plus acquisitions form trade union
Tesla Staff Face New Layoffs – Report
Electric car giant Tesla will reportedly undertake another round of job layoffs in the next quarter, and freeze all hiring
Amazon To Axe 10,000 Jobs – Report
E-commerce giant Amazon to follow similar moves by other tech players, with largest headcount reduction in its history