Amazon begins layoffs of workers on devices team

NurPhoto/Getty Images (NEW YORK) — Amazon began layoffs on Wednesday of workers on its devices team, which focuses on products like its voice-operated Alexa, Dave Limp, senior vice president of devices and services, said in a memo.

These tech companies have imposed major layoffs in 2022

10’000 Hours/Getty Images (NEW YORK) — A rude awakening for the tech industry this year has triggered a slew of layoffs at major companies. Sales at top tech firms have retreated from the blistering pace attained during

Commit 'hardcore' or leave, Elon Musk tells Twitter employees

SAMANTHA LAUREY/AFP via Getty Images (NEW YORK) — Twitter employees have till Thursday evening to commit to being “extremely hardcore” or accept three months of severance upon their exiting the company, Twitter’s new owner Elon Musk wrote

Estee Lauder acquires Tom Ford for $2.8 billion

Jeremy Moeller/Getty Images (NEW YORK) — Estée Lauder is acquiring Tom Ford for $2.8 billion, the venerable beauty brand announced Tuesday. Through the new deal, the beauty conglomerate plans to add the designer label’s fragrances, cosmetics, skin