When Sydney man Faisal* bought himself a new car, he never imagined it would turn his world upside down for the next five years. Since 2018, Faisal* has been dealing with the fallout of identity theft and as recently as this month, debt collectors were chasing him over purchases theContinue Reading
The ‘tech wreck’ just got a whole lot worse with Amazon announcing that 9000 jobs will be slashed. It comes just two months after Amazon cut 18,000 roles, back in January, which at the time represented six per cent of Amazon’s workforce and also its largest redundancies in the firm’sContinue Reading
Two Australian companies have laid off hundreds of staff members as tough market conditions continue to hit business hard. ASX-listed healthcare company Healius has cut 500 full-time roles since the Covid-19 pandemic started. That represents 13 per cent of the company out of its original workforce of 6500. Then lastContinue Reading
Another Australian start-up has joined the growing list of casualties in the tech sector as it was forced to lay off staff. On Monday, the CEO of Sydney tech company Kinde revealed to news.com.au that he had to make eight staff redundant. It represented about 28.5 per cent of theContinue Reading
Yet another Australian company has had to cut jobs as the global ‘tech wreck’ worsens amid the downturn in the economy. One in five staff at embattled grocery delivery start-up Milkrun have been laid off and delivery hubs have also been shut down. On Wednesday, Milkrun founder and CEO DanyContinue Reading
An Australian self-driving technology start-up that was valued at $300 million has slashed around 75 per cent of its workforce, despite a recent cash injection in January. Staff have been devastated by the cuts – with entire teams laid off and others losing their job after joining mere months agoContinue Reading
Yet another Australian tech company has had to cut jobs as the global ‘tech wreck’ worsens amid tough market conditions. On Thursday, comparison website Finder.com.au laid off a number of staff across its global operations including in Australia. In all, 15 per cent of Finder’s staff have been caught upContinue Reading
An Australian crypto exchange has laid off 35 per cent of its staff in a second round of brutal cuts as they anticipate tougher times to come. Brisbane-based company Swyftx announced to employees late on Monday that 90 of them would be packing up their desks for good. Swyftx’s jointContinue Reading
Scott Morrison was warned robodebt required changes to the law before it was introduced but his department still forged ahead with the illegal program. A royal commission has heard Department of Human Services officials told the former prime minister in early 2015 the scheme would need policy changes and newContinue Reading
An eagle-eyed entrepreneur has pointed out how a single photo sums up the crisis tech companies across Australia are currently facing. On Tuesday, Evan Clark, the founder and boss of education tool ClickView, stumbled across a sad sight on social media. As he perused Facebook Marketplace, he noticed an advertisementContinue Reading