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Sunday, February 19, 2023
Techies earning up to $1 million a year laid off at Big Tech firms
At Google, laid-off employees included those who had previously received high performance reviews or held managerial positions "with annual compensation packages of $500,000 to $1 million, reports The Information. As Big Tech layoffs dominate headlines, more details have emerged on which verticals and senior executives earning up to $1 million annually bore the maximum brunt at Google, Microsoft, and Amazon. https://ift.tt/fVyBTlO
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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)
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