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TEXXR / Topics / Tech Layoffs & Restructuring / 2024

Tech Layoffs & Restructuring (2024)

2024 layoffs continued the post-ZIRP correction but the character changed. The mass reductions of 2022-2023 — entire divisions eliminated — gave way to targeted restructurings. Companies cut in sales, marketing, and support while simultaneously hiring in AI and infrastructure. The net headcount story was more nuanced than headlines suggested.

2100 events in 2024 20 key entities
2024
2025 →
Mustafa Suleyman manages approximately 10,000 staff.
confirmed 1 article 2024-12-09
Mustafa Suleyman ~10,000 staff
Q&A with Microsoft AI CEO Mustafa Suleyman on AGI, Copilot, AI agents, the OpenAI deal, joining Microsoft in March 2024, managing ~10K staff, DeepMind, and more
The Verge · 2024-12-09 · #8
The corporate lab conducting the randomized study employs more than 1,000 researchers.
rumored 1 article 2024-12-09
corporate lab
A randomized study at a corporate lab employing more than 1,000 researchers: teams using AI discovered 44% more new materials than teams with standard workflows
Nature · 2024-12-09 · #27
Matt Murphy has reportedly been floated as a candidate to be Intel's CEO.
rumored 1 article 2024-12-09
Matt Murphy Intel
A look at chipmaker Marvell, whose market cap has passed Intel's, driven by its data center business; CEO Matt Murphy has reportedly been floated as Intel's CEO
Wall Street Journal · 2024-12-09 · #28
David Sacks' appointment as AI czar occurs at a delicate moment as OpenAI transitions to for-profit.
confirmed 1 article 2024-12-08
David Sacks OpenAI
David Sacks, who called OpenAI a “piranha for-profit company”, becoming AI czar comes at a delicate moment for OpenAI as it transitions to a for-profit
Fortune · 2024-12-08 · #24
Cyril Han serves as Chief Financial Officer (CFO) of Ant.
confirmed 1 article 2024-12-08
Cyril Han Ant
Ant President Cyril Han will succeed Eric Jing as CEO on March 1; Jing will remain company chairman and Han, who is also the CFO, will continue reporting to him
Bloomberg · 2024-12-08 · #21
ByteDance is reportedly poaching top talent from rival companies.
rumored 1 article 2024-12-08
ByteDance rivals
Sources: ByteDance has taken an early lead in the generative AI race in China by poaching top talent from rivals and becoming Nvidia's biggest buyer in China
Financial Times · 2024-12-08 · #20
David Sacks is becoming the AI czar.
confirmed 1 article 2024-12-08
David Sacks AI czar
David Sacks, who called OpenAI a “piranha for-profit company”, becoming AI czar comes at a delicate moment for OpenAI as it transitions to a for-profit
Fortune · 2024-12-08 · #24
Cyril Han will succeed Eric Jing as CEO of Ant effective March 1.
confirmed 1 article 2024-12-08
Ant Cyril Han
Ant President Cyril Han will succeed Eric Jing as CEO on March 1; Jing will remain company chairman and Han, who is also the CFO, will continue reporting to him
Bloomberg · 2024-12-08 · #21
Eric Jing will remain chairman of Ant.
confirmed 1 article 2024-12-08
Ant Eric Jing
Ant President Cyril Han will succeed Eric Jing as CEO on March 1; Jing will remain company chairman and Han, who is also the CFO, will continue reporting to him
Bloomberg · 2024-12-08 · #21
Cyril Han will continue reporting to chairman Eric Jing.
confirmed 1 article 2024-12-08
Cyril Han Eric Jing
Ant President Cyril Han will succeed Eric Jing as CEO on March 1; Jing will remain company chairman and Han, who is also the CFO, will continue reporting to him
Bloomberg · 2024-12-08 · #21
Broadcom will instead focus on working directly with 500 VMware customers.
confirmed 1 article 2024-12-08
Broadcom 500 VMware customers
Broadcom shelves plans to work directly with the top 2,000 VMware customers, focusing on just 500 and giving 1,500 back to partners as a way to stem migrations
The Register · 2024-12-08 · #10
Anastasios Angelopoulos, a UC Berkeley graduate student, is one of the researchers behind Chatbot Arena.
confirmed 1 article 2024-12-08
Anastasios Angelopoulos Chatbot Arena
A look at Chatbot Arena, which now ranks over 170 AI models and was launched in 2023 by two UCB researchers who hope to grow the project into a Wikipedia of AI
Wall Street Journal · 2024-12-08 · #18
Matthew Prince says he tried to hire Brian Krebs in 2010 for Cloudflare's head of communications position.
confirmed 1 article 2024-12-08
Matthew Prince Brian Krebs Cloudflare head of communications role
A profile of Brian Krebs, who in the past 20 years has probed and outed some of the worst cybercriminals, including the alleged hackers of Snowflake clients
Wall Street Journal · 2024-12-08 · #7
David Sacks is described as Trump's AI and crypto czar.
confirmed 1 article 2024-12-07
David Sacks Donald Trump
David Sacks, Trump's AI and crypto czar, lacks deep ties to either industry but is a longtime critic of tech regulation, which investors view as more important
Bloomberg · 2024-12-07 · #2
Wealthy Silicon Valley investors are steering Trump's transition by shaping hiring decisions and conducting senior-level job interviews.
confirmed 1 article 2024-12-07
Silicon Valley billionaires and millionaires Trump transition hiring decisions senior-level job interviews
A look at the Silicon Valley billionaires and millionaires steering Trump's transition by shaping hiring decisions and conducting senior-level job interviews
New York Times · 2024-12-07 · #1
Rishi Sunak was the Prime Minister of the United Kingdom at the time of the February 2023 call.
confirmed 1 article 2024-12-07
Rishi Sunak United Kingdom
How the UK came to play a key role in global AI regulation, after Sam Altman played a deepfake of Rishi Sunak's voice on a February 2023 call with the then PM
Politico · 2024-12-07 · #3
Sanjit Biswas is the CEO of Samsara.
confirmed 1 article 2024-12-07
Sanjit Biswas Samsara
Q&A with Samsara CEO Sanjit Biswas on how AI has changed the $30B company, which offers sensors, cameras, and software for managing vehicle fleets and equipment
Semafor · 2024-12-07 · #24
Sid Sijbrandij transitions from CEO to executive chair at GitLab.
confirmed 1 article 2024-12-06
Sid Sijbrandij GitLab executive chair
GitLab co-founder Sid Sijbrandij steps down as CEO to focus on his health, transitions to executive chair, and names former New Relic CEO Bill Staples as CEO
MarketWatch · 2024-12-06 · #19
Trump announces David Sacks will serve as the White House AI and crypto czar to work on a legal framework for the crypto industry.
confirmed 1 article 2024-12-06
Donald Trump David Sacks White House AI and crypto czar
Trump says David Sacks will be the “White House AI and crypto czar” to “work on a legal framework so the crypto industry has the clarity it has been asking for”
Bloomberg · 2024-12-06 · #1
David Sacks is named as the White House AI and crypto czar, a role focused on AI and crypto policy and legal frameworks.
confirmed 1 article 2024-12-06
David Sacks White House AI and crypto czar
Trump says David Sacks will be the “White House AI and crypto czar” to “work on a legal framework so the crypto industry has the clarity it has been asking for”
Bloomberg · 2024-12-06 · #1
An interview with Amazon CTO Werner Vogels took place at AWS re:Invent as part of an annual tradition.
confirmed 1 article 2024-12-06
Werner Vogels Amazon AWS re:Invent
An interview with Amazon CTO Werner Vogels on changing company culture to attract top engineers, fighting misinformation via open-source intelligence, and more
TechCrunch · 2024-12-06 · #12
Sid Sijbrandij names former New Relic CEO Bill Staples as GitLab's new CEO.
confirmed 1 article 2024-12-06
Sid Sijbrandij GitLab Bill Staples
GitLab co-founder Sid Sijbrandij steps down as CEO to focus on his health, transitions to executive chair, and names former New Relic CEO Bill Staples as CEO
MarketWatch · 2024-12-06 · #19
Amazon CTO Werner Vogels discusses changing company culture to attract top engineers.
confirmed 1 article 2024-12-06
Amazon Werner Vogels top engineers
An interview with Amazon CTO Werner Vogels on changing company culture to attract top engineers, fighting misinformation via open-source intelligence, and more
TechCrunch · 2024-12-06 · #12
Industry insiders believe Pat Gelsinger's hasty exit from Intel may presage strategic changes, including moving away from chip manufacturing.
rumored 1 article 2024-12-06
Pat Gelsinger Intel
Industry insiders believe Pat Gelsinger's hasty exit could be a prelude to Intel moving away from manufacturing its chips altogether, in a blow to US ambitions
Financial Times · 2024-12-06 · #8
GitLab co-founder Sid Sijbrandij steps down as CEO to focus on his health, including treatment for cancer.
confirmed 1 article 2024-12-06
Sid Sijbrandij GitLab CEO
GitLab co-founder Sid Sijbrandij steps down as CEO to focus on his health, transitions to executive chair, and names former New Relic CEO Bill Staples as CEO
MarketWatch · 2024-12-06 · #19
Pat Gelsinger became CEO of Intel in February 2021.
confirmed 1 article 2024-12-05
Pat Gelsinger Intel
A look at Intel CEO Pat Gelsinger's failed rescue strategy; since Gelsinger took over in February 2021, Nvidia added $3T in market cap while Intel lost $150B
Wall Street Journal · 2024-12-05 · #4
Pat Gelsinger's rescue strategy for Intel failed.
failed 1 article 2024-12-05
Pat Gelsinger Intel
A look at Intel CEO Pat Gelsinger's failed rescue strategy; since Gelsinger took over in February 2021, Nvidia added $3T in market cap while Intel lost $150B
Wall Street Journal · 2024-12-05 · #4
Intel appoints Eric Meurice (former ASML CEO) and Steve Sanghi (Microchip interim CEO) to its board.
confirmed 1 article 2024-12-05
Intel Eric Meurice Steve Sanghi
Intel adds former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi to its board; both have significant semiconductor manufacturing experience
CNBC · 2024-12-05 · #5
David Zinsner expects Intel's next CEO to have capabilities in both foundry (manufacturing) and product.
confirmed 1 article 2024-12-05
Intel foundry capability product experience
Intel interim co-CEO David Zinsner says Intel's financial forecast is unchanged and expects the next CEO to have some capability around both foundry and product
Reuters · 2024-12-05 · #3
John Stankey is the CEO of AT&T.
confirmed 1 article 2024-12-05
John Stankey AT&T
AT&T's stock is up 35% in 2024 after CEO John Stankey reversed course in 2022 and spun off Warner Bros. and DirecTV, and plans to return $40B+ to shareholders
Wall Street Journal · 2024-12-05 · #31
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