Get the latest tech news

The tech industry’s layoffs and hiring freezes: all of the news

It’s not the best time to be a tech worker.

According to a memo obtained by Business Insider, Audible CEO Bob Corrigan said that the cuts were made “to position us for continued success in the coming year and into the future” and it’s really not worth finishing the quote, because you know the drill by now. Mobile chipmaker Qualcomm has become the latest tech giant to conduct layoffs, eliminating 1,258 positions in its San Diego and Santa Clara offices, roughly 2.5 percent of its global workforce. The layoffs were foreshadowed in the company's last earnings report, where it blamed “the continued uncertainty in the macroeconomic and demand environment.” The cuts are expected to take place in mid-December and primarily affect engineers.

Get the Android app