Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Several tech companies have announced layoffs in 2024, with over 49,386 job cuts reported. GitLab's Q4 earnings exceeded estimates with an EPS of $0.15 and sales of $163.78M, causing its stock to drop 8%. However, GitLab forecasts a loss between $0.04 and $0.05 per share on revenue of $165-166M, below expectations, leading to a further stock decline of almost 20%.
Did you know that we've had layoffs every day this year with the exception of a handful of days? Did you also know that QA, engineering, and soft skills (marketing, community, & social) are the consistent causalities? A lot of talent is feeling down right now, myself included🧵
"Forget Labs" GitLab $GTLB stock taking a beating after lackluster 2025 guidance. Is this a buying opportunity or the start of a longer slide? @jonnajarian & @petenajarin 👎on Rebel's Edge 🏴☠️1pm $GTLB #GitLab #devops #software #earnings #itsnotanoption https://t.co/5g5h3u7ABv
The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. Here's why another rough year of layoffs may lie ahead for tech workers: https://t.co/YZVMSP0np1 https://t.co/2G8JTlYOjD
