UK IT Channel News | IT Channel Oxygen
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • About Us
  • Partner with us
Members
Must-Know Distributors
Oxygen 250
No Result
View All Result
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • About Us
  • Partner with us
No Result
View All Result
UK IT Channel News | IT Channel Oxygen
No Result
View All Result
Home Business

5 times tech firms’ job cuts have gone viral

Which vendors have failed to "read the room" when trimming fat during the tech downturn?

Doug Woodburn by Doug Woodburn
17 July 2024
in Business, Indepth, News, Vendor
5 times tech firms’ job cuts have gone viral
Share on LinkedinShare on Twitter

X (formerly Twitter)

HR fail: Riding roughshod over employee wellbeing

Image by Bulu Patel from Pixabay

What happened?

Tech billionaire Elon Musk has divided opinion by slashing X’s headcount by a reported 90% since he acquired it for $44bn in November 2022.

Around half of the social media platform’s staff were laid off immediately after the deal, in a move Musk said was necessary to stabilise a company losing $4m a day.

Then, later in the month, he gave remaining employees a day to commit to being “extremely hardcore” and to either work “long hours” or exit the company.

Why the backlash?

Musk’s “hardcore” memo was branded “almost a case study in how to go against a lot of what research tells us is the best way to approach layoffs”, according Esther Sackett, assistant professor of management at Santa Clara University’s Leavey School of Business.

Although fans of Musk admire his bluntness, Sackett argued the move showed a lack of concern for employee wellbeing that is typical of the hustle culture prevalent in big tech, HR Drive reported.

Musk himself went on to admit that “he threw some babies out with the bathwater” in his efforts to get costs under control.

Controversial quote:

“We will need to be extremely hardcore. This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade.”

Blowback rating: 9/10

Doug Woodburn
Website | + postsBio

Doug Woodburn is editor of IT Channel Oxygen

  • Doug Woodburn
    Climb CEO reveals $1bn European goal after acquiring ‘starving’ NeoVAD
  • Doug Woodburn
    ‘If we hadn’t done it, it would have left us in limbo’ – Academia owner Strive Capital acquires Jigsaw24
  • Doug Woodburn
    ‘The cat’s out the bag’ – Tesco job ad flags VMware to Proxmox migration
  • Doug Woodburn
    Three partner types making hay from AI, analyst claims
Page 5 of 5
Prev1...45
Tags: CloudflareIntuitSpotifyTrendingTwitter
Previous Post

GenAI ‘resembles a tax’ for software vendors – Gartner

Next Post

Mood changes at Bechtle as it says it no longer expects to grow in 2024

Related Posts

Dale Foster, Climb
Big Interview

Climb CEO reveals $1bn European goal after acquiring ‘starving’ NeoVAD

30 October 2026
Westcon and Logicalis owner – ‘our industry is set to become much larger’
Tech trends

Westcon and Logicalis owner – ‘our industry is set to become much larger’

29 October 2026
Andrew Harman, Academia
M&A

‘If we hadn’t done it, it would have left us in limbo’ – Academia owner Strive Capital acquires Jigsaw24

28 October 2026
‘Can’t get my ahead around it’ – onlookers stunned at Microsoft’s massive voluntary redundancy move
Careers & Skills

‘Can’t get my ahead around it’ – onlookers stunned at Microsoft’s massive voluntary redundancy move

27 October 2026
Liz Centoni, Cisco
Vendor

Cisco announces general availability of ‘really, really powerful’ partner tool

27 October 2026
Francesca White, Wanstor
M&A

Wanstor CEO says new owner ‘stood out’ as it completes sale

26 October 2026
‘The cat’s out the bag’ – Tesco job ad flags VMware to Proxmox migration
Vendor

‘The cat’s out the bag’ – Tesco job ad flags VMware to Proxmox migration

26 October 2026
Mike Norris Group Sales kick off Berlin 2024 (1)
Business

Computacenter closes ‘excellent’ Q3 after Canalys call out

26 October 2026
Next Post
Bechtle

Mood changes at Bechtle as it says it no longer expects to grow in 2024

IT Channel Oxygen keeps you informed on the UK IT channel and its sustainable transformation. Learn more

  • About
  • Our Team
  • Partner with us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Cookie Policy (UK)

© 2026 IT Channel Oxygen

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • Oxygen 250
  • Must-Know Distributors
  • Member area
  • Big Interview
  • News
  • Indepth
  • About
  • Partner with us

© 2026 IT Channel Oxygen