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.

In a call with workers at Meta on Wednesday, founder and CEO Mark Zuckerberg told employees, “You’ve really put your heart and soul into this place,” before laying off roughly 11,000 people. Meta is joined by a number of other tech companies doing massive layoffs this year, and the trend serves as a stark reminder that your company, no matter how much you give, won’t always love you back.

Caterpillar Inc. has been fined $145,027 following the fatal accident.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have been numerous job cuts at other tech companies that hired rapidly during the pandemic.

Last week was a bad time to be a tech billionaire. When the pandemic drove the world online, the founders of Facebook, Google and Microsoft reaped wealth gains described as “pornographic” and cemented their position as among the richest cohort ever to have trod the planet. Well, the “good times” are over. Sort of.

The legislation will allow collective bargaining to take place at an industry-wide level.

Amazon is starting to tighten its belt. The e-commerce giant announced Wednesday it was shutting down two delivery stations in Baltimore which employ a total of over 300 people, as first reported by local news outlet WMAR-2. An Amazon spokesperson told WMAR-2 the company will offer staff at the stations the chance to transfer to other delivery stations in the area. The spokesperson did not specify how many other stations there were, but said there were "several."

Caroline Dennett tells us what is really happening behind the scenes at Shell and why she is optimistic about people demanding change

On Wednesday, LinkedIn released its annual Top Companies list identifying the 50 best places in the U.S. for professionals to grow their careers.

Peloton will stop making bikes and treadmills at its factories and outsource all of its manufacturing to an overseas company in a move to cut costs as it continues to stabilize after a pronounced comedown from its pandemic success.

Amazon must reinstate a worker the company fired two years ago after a protest against the company's working conditions at a Staten Island fulfillment center, a judge ruled Monday. Gerald Bryson, a former warehouse employee, is also owed back pay, Benjamin W. Green, an administrative law judge, determined. The judge agreed with a National Labor Relations Board finding that Bryson was terminated for protesting safety conditions at the facility, an activity protected by federal labor law.