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Employees said their two-week severance was contingent on SoundHound raising more money. The company promised some of the investment would fund their payments. ....
Ex-Google employee Scott Laird was laid off by Google on Friday after working there for 17 years. Instead of getting low and unmotivated after a long stint, he wrote a beautiful and inspiring post in which he mentioned to offer help to anyone who wants in resume reviewing and swapping interveiw, etc. ....
Microsoft also just earlier this week announcing 10,000 job cuts. so in the case of alphabet, specifically, it s about 6% of the worldwide workforce as you mentioned. it s the largest ever round of layoffs and the ceo of alphabet saying that he takes full responsibility for the decisions that led us here. generous severance package for what it s worth. it also speaks to the fact that you are starting to see some smaller names begin to issue layoffs too, just wayfair, for example, the e-commerce company wayfair, earlier this morning, belts tightening, basically. we saw all of these companies expand and expand dramatically during the pandemic. now they re starting to pull back with these workforce reduction announcements. the ceo sent a letter to staff saying kind of echoing morgan s point there. over the past two years we ve ....
All right. your romans numeral is 20 million as in $20 million. that s the severance package for ousted disney executive bob chapek on top of his pay from $24 million down from 32 million the year before. he took over disney in february of 2020 and was out in november after the board determined he was no longer the right person to serve in the role. his predecessor bob iger replaced him. looking at markets around the world. european markets are mixed. inflation in the u.k. coming in at 10.5%. wow, that s high. it s cooling from a 41% high. the dow yesterday fell more than 1% after disappointing earnings from morgan stanley and goldman sachs. the nasdaq extended the winning streak. on inflation watch, gas prices crept higher at $3.36 a gallon. ....
The massive restructuring comes just one year after the company went public via SPAC and two months after a separate layoff that cut 10% of staff. ....