economy - The Stack

UK corporate insolvencies spike to the highest levels since 2008

"Zombie companies are likely to be early casualties of rising interest rates. However, if their demise frees up staff and properties for use by more profitable companies, the long run effect could be a boost to UK productivity..."

Edward Targett July 18, 2023

Twilio lays off 11% of workforce in "wise" move

Twilio lays off 11% of workforce in "wise" move

Twilio is the latest technology company to aggressively cut staff – culling up to 900 jobs in what CEO Jeff Lawson described in a letter to employees as a “wise and necessary” move following undisciplined growth. “We’ve made the extremely difficult decision to restructure and reduce Twilio’s workforce by...

The Stack September 15, 2022

Salesforce's earnings are the latest canary in the coal mine of the global economy

Salesforce's earnings are the latest canary in the coal mine of the global economy

Retail, consumer goods and communications and media most impacted so far...

The Stack August 25, 2022

UK corporate insolvencies spike to the highest levels since 2008

Twilio lays off 11% of workforce in "wise" move

Salesforce's earnings are the latest canary in the coal mine of the global economy