Posts tagged Coinbase
Tech Layoffs Threaten Unions’ Plan to Draw White-Collar Workers
January 18, 2023 // Some 500 technology companies have axed nearly 100,000 workers since last October, according to Layoffs.fyi, a public database of tech layoffs. Amazon this month announced it would cut 18,000 jobs, and on the same day, cloud computing company Salesforce and the online video-sharing service Vimeo said they would slash 10% and 11% of their staffs, respectively. Meta, formerly known as Facebook, said in November it would eliminate 11,000 jobs—about 13% of its staff. Those reductions in force don’t bode well for unions that have increasingly funneled resources into tech organizing, which was, until recently, seen as an ever-growing pool of potential members. The AFL-CIO, the nation’s largest labor federation, last year raised membership fees for the first time in two decades, hoping to raise $10 million a year for new organizing. Union leaders this month flocked to Las Vegas for the CES technology conference, set on understanding how the latest innovations in artificial intelligence could disrupt their industries.