The Verge: Meta warns employees of ‘serious times’ in internal memo listing key product bets

The Verge: Meta warns employees of ‘serious times’ in internal memo listing key product bets. “Meta is warning of ‘serious times’ and preparing for a leaner second half of 2022, according to an internal memo circulated to employees this week. The note comes from chief product officer Chris Cox and outlines the company’s priorities and challenges to its business going forward.”

The Verge: Substack CEO says he’s ‘very sorry’ about laying off 13 people

The Verge: Substack CEO says he’s ‘very sorry’ about laying off 13 people. “Substack is the latest tech company to announce layoffs, with the company’s CEO Chris Best tweeting on Wednesday that he’s letting 13 workers go. According to Axios, that’s around 14 percent of Substack’s workforce. In his letter and follow-up tweets, Best cites ‘market conditions’ as the reason behind the layoffs.”

Washington Post: Metro considers buyouts to stave off 1,400 layoffs due to pandemic-created financial crisis

Washington Post: Metro considers buyouts to stave off 1,400 layoffs due to pandemic-created financial crisis. “Metro plans to offer buyouts to avoid having to lay off 1,400 employees as it searches for ways to cut more than $176 million from its pandemic-ravaged budget. The transit agency’s board on Thursday will consider offering retirement-eligible employees a bonus to quit so Metro can freeze or eliminate their positions and save jobs for younger, less expensive workers.”

Chicago Sun-Times: Lightfoot cancels 350 layoffs tied to her ‘pandemic’ budget

Chicago Sun-Times: Lightfoot cancels 350 layoffs tied to her ‘pandemic’ budget. “Buoyed by higher than expected marijuana revenues, Mayor Lori Lightfoot on Saturday canceled plans to lay off 350 city employees to help secure the 26 City Council votes she needs to pass her ‘pandemic budget.’ Revenues generated by the sale of recreational and medical marijuana have ‘gone through the roof’— topping $100 million statewide for the first time in October and $800 million in the first 10 months.”

ProPublica: The Trump Administration Allowed Aviation Companies to Take Bailout Funds and Lay Off Workers, Says House Report

ProPublica: The Trump Administration Allowed Aviation Companies to Take Bailout Funds and Lay Off Workers, Says House Report. ” The federal government gave grants and some loans to airlines and their contractors, who were then meant to keep workers on their payrolls. The amount each company received would be based on six months worth of payroll from last year. In exchange, the companies had to agree not to conduct any layoffs until October, about six months after the CARES Act was passed. But ProPublica found that the companies laid off workers throughout the spring and then took the money intended to preserve the jobs they had already cut.”

CNN: Disney is laying off 28,000 employees as pandemic hammers its theme parks

CNN: Disney is laying off 28,000 employees as pandemic hammers its theme parks. “Disney is laying off 28,000 people in the United States as the coronavirus pandemic hammers its parks and resorts business. The cuts will affect the Disney’s Parks, Experiences and Products unit. The company said 67% of the employees laid off will be part-time workers. Disney’s parks and resorts division has more than 100,000 US employees.”

One Day, Thousands of Job Cuts: Economic Pain Is Deepening (Bloomberg)

Bloomberg: One Day, Thousands of Job Cuts: Economic Pain Is Deepening. “In one of the biggest layoff announcements since the pandemic caused widespread economic shutdowns, Walt Disney Co. said late Tuesday that it’s slashing 28,000 workers in its slumping U.S. resort business. In the hours that followed, the pace of job cuts at some of the world’s biggest companies — across in a range of industries from energy to finance — quickened. On Wednesday, Allstate Corp., the fourth-largest car insurer in the U.S., said it will cut 3,800 jobs, roughly 8% of its workforce. And Bloomberg reported that Goldman Sachs Group Inc. plans to cut roughly 400 jobs after temporarily suspending job reductions at the beginning of the crisis.”

Phys .org: How employers can soften the blow of furloughs and layoffs

Phys .org: How employers can soften the blow of furloughs and layoffs. “‘Softening the blow: Incorporating employee perceptions of justice into best practices for layoffs during the COVID-19 pandemic’ suggests behavior-based policies leaders can apply when implementing furloughs or layoffs. Co-authors Isabel Bilotta, Shannon Cheng, Linnea Ng, Abby Corrington, Ivy Watson, Eden King and Mikki Hebl drew on previous research about perceptions of fairness to develop the recommendations.”

Poynter: This database shows media layoffs caused by the coronavirus

Poynter: This database shows media layoffs caused by the coronavirus. “The graphics of 2020 are grim ones — flattening the curve of the coronavirus, watching it spread, seeing jobs disappear. Now, we have another — what the pandemic has done to newsrooms in the U.S. Thanks to the Tow Center for Digital Journalism at Columbia University, we can now see the places and mediums hit by cutbacks, layoffs, closures and more.”

Neowin: Google’s Waze lays off five percent of its staff

Neowin: Google’s Waze lays off five percent of its staff. “Waze said the layoffs were partly due to COVID-19, which has emptied roadways globally after many cities were placed into lockdown. Due to the restrictions, many began working from home, and thus, fewer people used the navigation service for declining needs. Waze measures its usage by monthly active users or the number of customers using the app monthly and driven kilometers. Both metrics have seen a dip in recent months.’

IT Pro Today: Mozilla Shrinks to Survive Amid Declining Firefox Usage

IT Pro Today: Mozilla Shrinks to Survive Amid Declining Firefox Usage. “Mozilla has been watching the user share of its flagship Firefox web browser shrink for a while, so it was hardly a surprise last week when the company announced it was doing some belt tightening that would result in another round of layoffs. What was a surprise were the numbers involved: The company is laying off about 250 employees, for a staff reduction of 25%, and is completely closing its operations in Taipei, Taiwan. In addition, 60 employees will be shifted to new jobs, and the company will reduce spending on such things as developer tools, internal tooling and platform feature development.”