Peloton, Calm and LinkedIn add to growing list of tech layoffs


Peloton Interactive Inc announced plans to cut about 2,800 jobs globally in February, roughly 20% of its corporate roles, as part of a surprise shake-up that saw its CEO John Foley and several other top executives step down. — Reuters

Despite some promising economic signs recently, more tech companies are hitting the pause button on their hiring plans. They’re instituting freezes, rescinding jobs offers and even resorting to layoffs (with one CEO showing his remorse by sobbing on social media).

ALSO READ: The ‘crying CEO’ says he loves his employees – even those he laid off

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In