Netflix’s “cheeseburger strategy” is over
Netflix is laying off 1,000 employees and gearing up for a two-front war against Paramount Skydance and the scroll feed. The risk is that we soon pay even more – for worse TV.
All posts tagged: layoffs
Hemnet Has to Eat Humble Pie
Hemnet is cutting a third of its staff and offering free listings, copying rival Booli in a bid to win back brokers and buyers.
Thousands fired because of “AI”
AI is frightening corporate executives – and forcing them to make layoffs. That’s what they want us to believe, anyway. So far, it looks more like a convenient excuse than a revolution. The CEO looks concerned. “We have made the difficult decision to reduce our workforce,” he says. We’ve heard it before. Variations on this theme are now everywhere in the business world – at tech companies especially. Coinbase is cutting 14 percent of its […]
The layoffs won’t solve the problems
The layoffs won’t solve Northvolt’s problems Published in Svenska Dagbladet, 2024-09-23. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. 1,600 employees are losing their jobs at Northvolt in Sweden. Meanwhile, future financing is still not in place. What is actually happening now? Why is Northvolt making so many redundancies now? According to the company it is a result of the “macroeconomic climate” and the need to focus […]
This is the cruel AI irony for tech workers
This analysis was first published in SvD Näringsliv, in Swedish, on February 16th, 2024. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. Tech giants are laying off thousands of employees even as they invest massively in AI. The irony is that the very tools they are building may be what makes those cuts permanent. In January 2023, Google announced it would lay off approximately 12,000 employees — […]
The Tech Hangover Is Here — Now the Layoffs Begin
This analysis was first published in SvD Näringsliv, in Swedish, on May 18th, 2022. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. The tech crash on the stock market is creating domino effects throughout the startup ecosystem. The hangover from the last few years of sky-high valuations is here — and the first wave of layoffs in Sweden has started. The market sell-off in tech came fast […]