Tech
How Virtual Layoffs Became The New Normal For Workplaces
The rise of remote work during the Covid-19 pandemic has now brought about the rise of the virtual layoff.
Last November, Meta laid off 11,000 workers, and its CEO, Mark Zuckerberg, delivered the news over a remote video call. In April, McDonald’s temporarily shut down its corporate offices and fired hundreds of employees virtually.
Meta declined to send a statement, but a company’s spokesperson noted that the company has multiple locations in the world and cannot do all layoffs in person.
The practice is leading to a public debate over layoff etiquette — whether giving employees the bad news is more dignified than locking them out of their email accounts overnight.
“McDonald’s is teaching a master class in layoffs,” Jessica Kriegel, chief scientist of workplace culture at Culture Partners, told CNBC’s “Squawk Box” in April. “If I were getting laid off, I’d want to be laid off at home, not at the office.”
McDonald’s declined to comment.
Critics of the remote layoff trend say it lacks empathy and only favors the employer.
“It’s lazy leadership,” said Nicholas Whitaker, former Google employee and chief well-being officer and coach for tech workers. “We’re talking about thousands of people’s lives that have been turned upside down. And it’s one of the most, you know, impactful moments in somebody’s career to be let go or to be laid off. It lacks humanity, an ethical and a moral component.”
Watch the video above to find out how virtual layoffs have become a new workplace norm.
Chapters:
00:00 — Introduction
00:53 — How remote layoffs became the norm
01:53 — The Big Tech hiring Spree
05:26 — Remote termination etiquette
08:30 — What’s next
Produced by: Anuz Thapa
Narration by: Jordan Smith
Supervising Producer: Jeff Morganteen
Graphics by: Jason Reginato, Alex Wood and Christina Locopo
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How Virtual Layoffs Became The New Normal For Workplaces
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Magic Leap has been working on its technology to mix computer-generated images with the real world mostly in private for seven years, with backing from Google, Alibaba and other powerhouses. Now, the first product is finally here, and CNBC’s Todd Haselton got to try it. Here’s what he learned.
Magic Leap has been shrouded in mystery since its inception seven years ago.
The company has spent almost a decade working on technology that superimposes computer-generated images over the real world in your field of vision. It has raised more than $2.3 billion from powerhouses such as Alphabet’s Google, Alibaba, Saudi Arabia and J.P. Morgan. Google’s CEO Sundar Pichai sits on the board. The company and its founder have been the subject of glowing coverage from publications like Wired and Forbes. And all of this — the money and the press — came before Magic Leap had ever showed its product to the general public.
Now the product is here. It’s called the Magic Leap One Creator’s Edition, and I had a chance to see if it lived up to the hype.
It costs $2,295. That’s a lot, but it’s not being sold to consumers just yet. Instead, Magic Leap will sell it to people who the company hopes will build more apps and games for the device.
Until now, only partners, celebrities and other VIPs had seen Magic Leap’s technology. CNBC was invited to be among the first to see the final product.
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AMD is one of the best performing chip stocks of 2026, following a decade-long comeback in data center chips. Now, it’s making its biggest competitive move against Nvidia yet. AMD’s first rack-scale system for AI, Helios, is shipping later this year – and it’s the world’s first competitor to Nvidia’s Grace Blackwell and Vera Rubin systems. Now, Microsoft has signed up to use Helios in its data centers, joining other customers Meta, OpenAI and Oracle. But with a price tag of at least $5 million, analysts estimate Helios will cost at least $1 million more than Nvidia Vera Rubin. CNBC got an exclusive first look inside the 7,000 pound behemoth, and sat down with AMD data center and AI leads to ask how its first-generation AI system can compete with Nvidia – and what sets it apart.
Chapters:
2:28 Microsoft, Meta, OpenAI, Oracle
5:16 Proving grounds
8:30 Catching up to Nvidia
12:38 Cost, power, constraints
Produced and Shot by: Katie Tarasov
Edited by: Evan Lee Miller
Camera by: Andrew Evers
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park, Alisa Stern
Additional Camera: Jordan Smith
Additional Footage: AMD, Nvidia, Getty Images
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