From Fortune:

January 2024 has seen a flurry of layoffs in Big Tech and big finance, with Google, Amazon, Unity, and BlackRock making cutbacks. Citigroup reported a 25% drop in revenue and plans to cut 20,000 jobs. A video on TikTok from a former Cloudflare employee has sparked a debate over whether she was laid off or fired and has garnered 200,000 views so far. Cloudflare denies conducting layoffs, but 60 people were dismissed on the same day for not meeting performance standards. An HR rep confirmed that these were collective firings and other HR professionals have been divided in their assessment of the situation. Pietsch has been praised for her audacity in recording the conversation and standing up for herself, and also criticized for not handling the situation more professionally. Some experts believe the company mishandled the situation, while others warn employees to be careful about potentially jeopardizing their severance package.



Read more: Ex-Cloudflare employee records her firing and sparks a debate about whether it was a layoff in disguise or her fault