Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after laying off more than 1,000 people, its staff would be larger than it was a year earlier.

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Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
2 months ago

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts

India Today  

As we near the close of 2024, the wave of layoffs in the tech industry shows no sign of slowing down. Following the mass job cuts announced in 2022 and 2023, tech companies have continued to announce additional layoffs throughout this year amid economic pressures, shifting strategies, and the impact of technological advancements like AI. According to Mozilla, the layoffs …

CNN cutting about 100 jobs and plans to debut digital subscriptions before year's end
5 months, 4 weeks ago

CNN cutting about 100 jobs and plans to debut digital subscriptions before year's end

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy CNN is eliminating approximately …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
8 months ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
9 months ago

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?

Hindustan Times  

Tech layoffs 2024: The tech industry saw more layoffs this week as companies are sacking employees across departments. The big companies that fired employees include Amazon, Apple and Byju’s who cited strategic shifts and downsizing as the reason for job cuts in the industry. As per Layoffs.fyi, 235 companies have laid off 57,785 employees in 2024 as in January, 121 …

Tech Layoffs: Snapchat Parent Firm Snap To Fire 10% Of Its Global Workforce
11 months ago

Tech Layoffs: Snapchat Parent Firm Snap To Fire 10% Of Its Global Workforce

ABP News  

Snap, the parent company of the social media application Snapchat, announced on Monday that it would reduce its global workforce by approximately 528 employees, constituting 10 per cent of its total workforce, in an effort to “promote in-person collaboration.” This indicates that the trend of tech layoffs observed in 2023 may continue as tech companies navigate economic uncertainty thrown at …

Snapchat layoffs: Snap Inc to fire 10% staff as social media copes with ad slump
11 months ago

Snapchat layoffs: Snap Inc to fire 10% staff as social media copes with ad slump

Hindustan Times  

Snap Inc. is reducing its workforce by roughly 10% worldwide, joining the chorus of technology companies that have announced fresh rounds of cuts since the start of the year. Snapchat parent firm Snap Inc to lay off 10 percent staff The cuts are being made to “best position our business to execute on our highest priorities,” Snap said in a …

Snapchat parent Snap announces fresh layoffs, set to cut its global workforce by 10%
11 months ago

Snapchat parent Snap announces fresh layoffs, set to cut its global workforce by 10%

Hindustan Times  

In a regulatory filing on Monday, Snap, the parent company of Snapchat, revealed that it plans to fire over 500 workers. The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 528 employees, just the latest tech company to announce layoffs. With 5,367 full-time employees as per Snap's most recent headcount, the latest round of staff …

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India
11 months ago

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India

Hindustan Times  

After a major firing spree throughout 2023 in major global tech companies, situation continues to remain bleak for employees across all major departments as over 30,000 tech employees have been laid off in January 2024. Over 30,000 laid off in tech companies in January 2024 According to data collated by Layoffs.fyi, over 30,000 employees have been fired from tech companies …

Salesforce cuts 700 jobs in latest tech layoffs: Know more
11 months, 2 weeks ago

Salesforce cuts 700 jobs in latest tech layoffs: Know more

India TV News  

Salesforce, a major enterprise software company, is reportedly cutting around 700 jobs, which is approximately 1 per cent of its workforce of about 70,000 people. Previous Layoffs In January 2023, Salesforce laid off 10 per cent of its workforce, affecting around 7,000 employees, due to global economic conditions. Ongoing Job Losses in Tech Within the first two weeks of the …

TikTok is laying off dozens of workers as the tech industry continues to shed jobs in the new year
11 months, 2 weeks ago

TikTok is laying off dozens of workers as the tech industry continues to shed jobs in the new year

Associated Press  

TikTok is laying off dozens of workers in its advertising and sales unit, becoming the latest tech company to trim jobs in the new year. The social media platform is known for short-form video content popular among Gen Z and younger users. The layoffs follow other job cuts at major tech companies this year, including at social media platforms like …

These 46 tech companies layoff 7,500 employees in first 2 week of 2024
11 months, 3 weeks ago

These 46 tech companies layoff 7,500 employees in first 2 week of 2024

India TV News  

It's just two weeks to 2024, and tech companies have already started to lay off employees from the companies. As per the latest data from layoff.fyi, a website that tracks tech sector job cuts, 46 tech companies laid off 7,528 employees. Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than …

Discord latest tech company to go for mass layoffs, confirms firing 17 per cent of workforce
11 months, 4 weeks ago

Discord latest tech company to go for mass layoffs, confirms firing 17 per cent of workforce

India Today  

Popular social messaging platform Discord has announced its biggest layoff, removing 17 percent of its workforce as part of strategic planning. The company's announcement of layoffs follows the recent announcements of job cuts by big tech giants including Google, Amazon, Meta, and others. The recent job cuts add to the last layoffs the messaging app announced in August 2023, which …

Spotify Is Screwed
55 years ago

Spotify Is Screwed

Wired  

Just days after people gleefully posted their Spotify Wrapped, bad news came for the music streaming giant. Ek said the cuts may seem “surprisingly large given the recent positive earnings report and our performance,” but due to “the gap between our financial goal state and our current operational costs,” Spotify would take “substantial action.” Despite its popularity, the company has …

Spotify to cut 17% of staff in the latest round of tech layoffs
1 year, 1 month ago

Spotify to cut 17% of staff in the latest round of tech layoffs

NPR  

Spotify to cut 17% of staff in the latest round of tech layoffs Enlarge this image toggle caption Toru Yamanaka/AFP via Getty Images Toru Yamanaka/AFP via Getty Images The music streaming giant Spotify has announced it's cutting 17% of its workforce in a dramatic move aimed at slashing costs. In a memo addressed to staff, CEO Daniel Ek said it …

Accounting giant PwC to cut up to 600 jobs
1 year, 2 months ago

Accounting giant PwC to cut up to 600 jobs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Accounting giant PwC will cut …

Microsoft implements new job cuts, laying off 276 employees
1 year, 5 months ago

Microsoft implements new job cuts, laying off 276 employees

India TV News  

Microsoft has recently implemented another round of job cuts, resulting in the layoff of 276 employees, with a focus on customer service, support, and sales teams. These job cuts extend beyond the 10,000 global layoffs previously announced by Microsoft on January 18, according to reports from Geek Wire. LinkedIn, the leading professional networking platform, saw multiple posts revealing job cuts …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same
1 year, 7 months ago

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same

India Today  

Twitter and Tesla owner Elon Musk suggests that big tech companies should cut jobs to increase the value of work and productivity. He notes that in most companies, there are workers who "help move things forward" and employees "who try to slam the brakes on," adding that nine out of ten people at Twitter dropped productivity. More workers got laid …

BT Group to cut up to 55,000 jobs by end of decade
1 year, 7 months ago

BT Group to cut up to 55,000 jobs by end of decade

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy BT Group has said it …

Twitter lays off 10% of current workforce
1 year, 10 months ago

Twitter lays off 10% of current workforce

The Hindu  

Twitter Inc. has laid off at least 200 employees, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October. The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, …

Another round of job cuts at Twitter, at least 50 laid off: Report
1 year, 10 months ago

Another round of job cuts at Twitter, at least 50 laid off: Report

Hindustan Times  

Elon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported. The job cuts impacted multiple engineering teams, including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

Big tech job cuts keep coming; Zoom latest to trim headcount
1 year, 11 months ago

Big tech job cuts keep coming; Zoom latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. …

Big tech job cuts keep coming; Dell latest to trim headcount
1 year, 11 months ago

Big tech job cuts keep coming; Dell latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. August 2022 Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after …

Explained | What does the recent wave of tech layoffs mean?
1 year, 11 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 11 months ago

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows

ABP News  

As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles. According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers …

Spotify latest tech name to cut jobs, axes 6% of workforce
1 year, 11 months ago

Spotify latest tech name to cut jobs, axes 6% of workforce

Associated Press  

LONDON — Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. Big tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
1 year, 11 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Spotify could cut staff as early as this week
1 year, 11 months ago

Spotify could cut staff as early as this week

The Hindu  

Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc., Amazon.com Inc., and Microsoft Corp. who have cut thousands of jobs recently. Swedish music streaming giant Spotify said Monday that it was cutting six percent of its roughly 10,000 employees, the latest among a slew of …

'Any big tech hiring?' asks Techie laid-off by Google, Snap, Amazon in 4 months
1 year, 11 months ago

'Any big tech hiring?' asks Techie laid-off by Google, Snap, Amazon in 4 months

Hindustan Times  

Riding on the tide of layoff, many companies have downsized their workforce in recent times. All top companies including Amazon, Google and Facebook has undertaken mass layoff as they struggle to maintain the demand which got inflated during Covid. In one such instance, a software engineer has revealed that he was fired from Google, Snap and Amazon, the three tech …

Amidst thousands of job cuts #layoffs trends on Twitter, sparks meme fest
1 year, 11 months ago

Amidst thousands of job cuts #layoffs trends on Twitter, sparks meme fest

Firstpost  

After a legion of job cut reports has set the internet ablaze, needless to say, it has sparked a meme fest, as #layoff and #layoff2023 are trending on Twitter The reports about mass layoffs don’t seem to be dying down anytime soon. After a legion of job cut reports has set the internet ablaze, needless to say, it has sparked …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Google cuts add to tech wipeout that’s claimed over 100,000 jobs
1 year, 11 months ago

Google cuts add to tech wipeout that’s claimed over 100,000 jobs

Live Mint  

Alphabet Inc.’s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies around the world. Alphabet Google parent Alphabet announced it will cut about 12,000 jobs, more than 6% of its global workforce, in a move that will affect roles across the company. TCI Fund …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
1 year, 11 months ago

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

NPR  

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Google is the latest tech giant to announce a massive layoff: the company announced on Friday that it is slashing about 12,000 jobs. The company already has notified affected employees in the United States, CEO Sundar …

Twitter To Retrench More Workers, Weeks After Elon Musk Said No More Lay Offs: Report
1 year, 11 months ago

Twitter To Retrench More Workers, Weeks After Elon Musk Said No More Lay Offs: Report

ABP News  

Twitter is planning to retrench more employees in the product division in the coming weeks. The move, which comes six weeks after chief Elon Musk reportedly communicated to its employees that there would not be further retrenchment, could bring down the company's strength to under 2,000, the report added. Earlier this month, Twitter fired more employees from the trust and …

Microsoft reportedly laying off nearly 11,000 staff this week
1 year, 11 months ago

Microsoft reportedly laying off nearly 11,000 staff this week

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Microsoft is reportedly planning to announce the slashing of thousands of roles at …

Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat
1 year, 11 months ago

Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat

India TV News  

The ongoing economic slowdown is making it difficult for the tech sector to survive. According to data from Layoffs.fyi, a website that tracks all layoffs at tech startups, in January 2023, 91 tech companies globally let go of about 24151 employees. Amazon CEO Andy Jassy, in a recent blog post, confirmed that Amazon is continuing layoffs while firing around 18000 …

Amazon to lay off more than 18,000 employees due to 'uncertain economy'
2 years ago

Amazon to lay off more than 18,000 employees due to 'uncertain economy'

Firstpost  

Washington: Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact that the online retail giant had “hired rapidly” during the pandemic. “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles,” said CEO Andy Jassy in a statement …

Google is preparing to layoff 10,000 ‘poor performing’ employees, report says
2 years, 1 month ago

Google is preparing to layoff 10,000 ‘poor performing’ employees, report says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google’s parent company Alphabet is reportedly preparing to lay off about 10,000 of …

Twitter, Meta, Amazon and more... Why are tech titans laying off employees?
2 years, 1 month ago

Twitter, Meta, Amazon and more... Why are tech titans laying off employees?

Firstpost  

Big names in the tech industry are letting go of employees in large numbers. As Menlo Ventures partner Matt Murphy explained to Business Insider, “It always happens in cycles like this that sometimes companies don’t do layoffs significantly enough, but rather slow down on hiring and hope that normal churn might rightsize them.” “Coming out of Q3, which was much …

It's the end of the boom times in tech, as layoffs keep mounting
2 years, 1 month ago

It's the end of the boom times in tech, as layoffs keep mounting

NPR  

It's the end of the boom times in tech, as layoffs keep mounting Enlarge this image toggle caption Michel Spingler/AP Michel Spingler/AP For more than two decades, the U.S. tech industry has been a reliable source of booming stocks and cushy, high-paid jobs. "We're facing an unusual macro-economic environment, and want to balance our hiring and investments with being thoughtful …

It's the season of layoffs in Silicon Valley: 45,000 employees gone and it's not over yet
2 years, 2 months ago

It's the season of layoffs in Silicon Valley: 45,000 employees gone and it's not over yet

Firstpost  

Facebook parent Meta Platforms Inc is the latest to join the list of companies that have laid off employees in the recent months in Silicon Valley. Here are some of the major firms that have opted for the downsizing route in anticipation of recession New Delhi: Facebook parent Meta Platforms Inc. is the latest to join the list of companies …

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown
2 years, 2 months ago

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

NPR  

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown Enlarge this image toggle caption Tony Avelar/AP Tony Avelar/AP Facebook parent company Meta announced extensive layoffs on Wednesday, shedding 11,000 jobs, or about 13% of its staff, amid an industrywide slowdown that has rattled Silicon Valley in recent months. Calling the layoffs "some of the most difficult …

Netflix, Twitter, others biggest US tech firms cut jobs in 2022; check list here
2 years, 2 months ago

Netflix, Twitter, others biggest US tech firms cut jobs in 2022; check list here

Live Mint  

In 2022, almost all big technological firms like Netflix, Robinhood, Glossier, Better among others have slashed jobs this year, some citing COVID-19 pandemic while others blamed it to rising inflation. Following Twitter is San Francisco-based fintech firm Stripe which cut 1050 staff, the again San Francisco-based transpiration firm Lyft which reduced 760 staff. San Francisco's another proptech firm Opendoor reduced …

Microsoft fires nearly 1,000 employees, joins Apple & Snap in cost cut move
2 years, 2 months ago

Microsoft fires nearly 1,000 employees, joins Apple & Snap in cost cut move

Hindustan Times  

Technology giant Microsoft has reportedly fired nearly 1,000 employees across multiple divisions, joining the likes of Flipboard and Snap who have resorting to job cuts to contain slowdown. The creator of Windows in a statement to a US-based website Axios said like all companies it evaluates business priorities and make structural adjustments accordingly. Last month, social media behemoth Meta's chief …

Snap plans to lay off employees, says The Verge
2 years, 5 months ago

Snap plans to lay off employees, says The Verge

The Hindu  

Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans. The development comes as technology companies, crypto exchanges, and financial firms cut jobs and slow hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe. Facebook-owner Meta Platforms Inc cut plans …

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