Florence Brocklesby examines retention and the law in the social media sector
Last week, big tech names dominated the headlines with reports of Elon Musk’s dismissal of around 50 per cent of Twitter’s employees – and Meta making 13 per cent of its employees redundant.
While the companies appear to have gone about the restructuring in very different ways, with some Twitter employees reportedly locked out of their accounts and systems before a company-wide email announced the redundancies, legal advisers to the tech industry can learn a lot from each process.
Why are tech businesses particularly at risk of downsizing right now?
First, tech is not immune to the broader economic conditions. Businesses globally are looking to cut costs and increase efficiency in resp...
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