Google staffers in Ireland made redundant as part of the company's 12,000 global cuts could be offered severance packages worth more than €300,000 ($320,000), British newspaper the Sunday Times reported this week. The tech giant announced plans to lay off over 12,000 workers globally in January, in a major cost-cutting drive. Some 240 workers at its Irish offices were affected including 85 in sales, 80 in technology, and 75 in support services, according to the Sunday Times.

Silicon Valley Bank (UK) Ltd has today been sold to HSBC. HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK will be able to access their deposits and banking services as normal from today.

Assembly Member Matt Haney, D-San Francisco, has proposed a bill that would extend the Worker Adjustment and Retraining Notification Act (WARN) to cover contract workers, increase the required notice period for layoffs to 90 days, and ban companies from requiring terminated workers to sign non-disclosure or non-disparagement agreements as a condition of receiving WARN Act notice or pay.

Some Amazon corporate employees will be be paid as much as 50% less than previously expected in 2023 because of the company's falling stock price, the Wall Street Journal reported on Monday. Salaries this year are likely 15% to 50% lower than the estimations given to Amazon staff, people familiar with the matter told the Journal. Employees' annual salaries are generally made up of cash compensation and awards of restricted stock units, but because of the 35% decline in Amazon's stock this year, total compensation is set to drop sharply.

As a CEO, there are many things you need to be an expert in, but you can’t be an expert in everything. You must rely on the expertise in the organization to create the right strategy and make the right decisions. But one area where it pays for you to have greater expertise is social psychology – to understand just what it is that makes people tick.

Reddit, the birthplace of the meme stock craze, is reviving its plan to go public, The Information reported — but the social media platform is likely to be worth way less than its once hoped-for $15 billion valuation. The company is planning to list on the stock exchange in the second half of 2023 through an initial public offering, The Information reported Tuesday, citing people familiar with the matter.

Salesforce CEO Marc Benioff told NYT he went to French Polynesia for a device-free trip after layoffs, and said the "digital detox" was "freeing."

"It feels very much like they are just as cutthroat corporate as anybody else," one laid-off employee said. "The crown has fallen here."

Online payments company Paypal recently announced it would be laying off 2,000 employees, or about 7 percent of the its workforce. In a press release, PayPal CEO Dan Schulman said the slumping economy was mostly to blame for the job cuts, while simultaneously praising the company's ongoing restructuring efforts.

“Fewer people means less work is being done in a lot of different spaces,” said one of Twitter’s remaining content moderation staffers.

Tech CEOs at companies like Facebook, Google, and Amazon screwed up — but it's the laid-off employees who are paying the price.

Computer manufacturer Dell is set to cut about 6,650 jobs representing 5 percent of its global workforce, according to a report from Bloomberg. Announced in a memo on Monday, Dell Co-Chief Operating Officer Jeff Clarke said that the company’s previous cost-cutting measures, such as a pause on hiring and limitations on travel, have proved insufficient, and that the company is experiencing market conditions that “continue to erode with an uncertain future.”

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. In the past month alone, tech companies have cut nearly 60,000 jobs, reversing a hiring spree that surged during the pandemic as millions of Americans moved their lives online. IBM was one of the latest to slash its headcount, announcing 3,900 layoffs in January, or less than 2% of its global workforce.

PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. The online payments company says it was forced to make the decision as it faces "the challenging macro-economic environment." PayPal's announcement follows tens of thousands of layoffs by technology giants in the last month alone.

Dutch health technology company Philips (PHG.AS) will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value. Half of the job cuts will be made this year, the company said on Monday, adding that the other half will be realised by 2025.

A Google executive claims he was booted by the tech giant for rejecting a high-ranking female colleague’s grabby advances at a posh company dinner. Ryan Olohan, 48, accuses Google of firing him after one its top executives, Tiffany Miller, groped him at a Chelsea restaurant in December 2019 and told him she knew he liked Asian women — which Miller is, according to a blockbuster November federal lawsuit filed in Manhattan.

Amazon maintains that employees and robots will continue to collaborate within its warehouses, however, according to specialists in robotics, the business may eventually be able to rely on robots to carry out much of the jobs that it currently delegates to human workers.

The pandemic has completely transformed people’s working lives. Employees across industries have gotten used to remote work, and they want to hold onto it, fighting back against efforts to bring them back into the office, and experts warning that if companies don’t welcome remote work, they risk losing talent.

Amazon.com Inc. is set to begin a round of layoffs ultimately affecting more than 18,000 employees in the largest job cull in its history, which it announced earlier this month. The cuts come as the retailer grapples with slowing online sales growth and braces for a possible recession affecting the spending power of its customers. The eliminations started last year and initially fell hardest on Amazon's Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers. The latest round, scheduled to commence Wednesday, will mostly affect the retail division and human resources.

Atal Agarwal first came to the US from India five years ago as a graduate student, eventually finding his way into the healthtech sector as a project manager. His employer sponsored his stay in the country, making him a holder of one of the United States' coveted H-1B work visas. But when the tidal wave of layoffs in the tech industry hit his employer, Agarwal found himself without a job — setting off a stressful 60-day timer to either find a new one that would come with visa sponsorship, or return to India.