Snapchat Layoff: The owner of Snapchat, is laying off about 10% of its global workforce
10 months, 2 weeks ago

Snapchat Layoff: The owner of Snapchat, is laying off about 10% of its global workforce

The Hindu  

The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, as the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates $55 million to $75 million in charges, mostly for severance and related costs. The Santa Monica, California-based company announced in August 2022 that it planned to cut about 20% of its global workforce. In the third quarter of 2023, it began winding down its AR Enterprise business, which included reducing its global employee headcount by approximately 3%, according to a regulatory filing.

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History of this topic

Microsoft Layoffs: Tech Giant Fires Over 1,000 Employees Across Departments, Says Report
6 months, 2 weeks ago

Microsoft Layoffs: Tech Giant Fires Over 1,000 Employees Across Departments, Says Report

ABP News  

Microsoft Layoffs: Microsoft is reportedly laying off its workforce, with reports indicating that over 1,000 employees are being laid off across various units. According to The Information report, citing sources familiar with the matter, “most of the job cuts are within the company’s Strategic Missions and Technologies org, which aims to sell Microsoft’s cloud software and server rentals for businesses …

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams
6 months, 2 weeks ago

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams

News 18  

The tech layoffs continue in 2024 with Google and Microsoft cutting up to 1,000 jobs from different divisions of their teams. According to latest reports, the Google Cloud business has handed over the pink slips to around 100 employees, while Microsoft has gone deeper into its decision by asking around 1,000 employees to exit the company. Google has already conducted …

Tech Layoffs: Snapchat Parent Firm Snap To Fire 10% Of Its Global Workforce
10 months, 2 weeks 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 …

Why is Snapchat's parent company, Snap, cutting 10 per cent of its workforce?
10 months, 2 weeks ago

Why is Snapchat's parent company, Snap, cutting 10 per cent of its workforce?

India TV News  

Snapchat's parent company, Snap, revealed plans to let go of about 10 per cent of its global full-time workforce. The move comes after previous staff reductions, including a 20 per cent cut in 2022 and a 3 per cent reduction last year. The process of potential position eliminations in each country is subject to local laws and consultation requirements, possibly …

Snapchat layoffs: Snap Inc to fire 10% staff as social media copes with ad slump
10 months, 2 weeks 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%
10 months, 2 weeks 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 …

Snap, the owner of Snapchat, is laying off about 10% of its global workforce
10 months, 2 weeks ago

Snap, the owner of Snapchat, is laying off about 10% of its global workforce

Associated Press  

The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates $55 million to $75 million in charges, mostly for severance and related costs. The Santa Monica, California-based company announced in August 2022 that it planned to …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
10 months, 3 weeks ago

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more

Hindustan Times  

2024 has already proven to be a difficult year for layoffs. Here's some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer's headquarters and distribution centers. Levi's layoffs Levi Strauss & Co. is slashing its global corporate workforce by 10% to 15% in the first …

Discord latest tech company to go for mass layoffs, confirms firing 17 per cent of workforce
11 months, 1 week 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 …

Snap's augmented reality section faces potential workforce reduction
1 year, 2 months ago

Snap's augmented reality section faces potential workforce reduction

India TV News  

Snapchat's parent company, Snap, is reportedly planning to lay off approximately 150 employees as part of a restructuring effort, primarily within its augmented reality division, according to sources. This decision follows Snap's move in August 2022, when it laid off 20 per cent of its workforce, amounting to roughly 1,280 employees out of a 6,400-strong workforce. At that time, Snap's …

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 …

Twitter lays off 10% of current workforce
1 year, 9 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, …

Tech industry job cuts come rapidly and in big numbers
1 year, 10 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 …

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 …

Microsoft to lay off 10,000 people, increasing job cuts in tech
1 year, 11 months ago

Microsoft to lay off 10,000 people, increasing job cuts in tech

Al Jazeera  

The layoffs, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts across the tech sector. The layoffs, announced on Wednesday and far larger than cuts by Microsoft last year, piled on to tens of thousands of job cuts across the technology sector that is long past its ceaseless growth during the coronavirus …

Amazon to lay off more than 18,000 employees due to 'uncertain economy'
1 year, 11 months 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 …

Facebook owner Meta to lay off 11k staff in one of biggest US layoffs this year
2 years, 1 month ago

Facebook owner Meta to lay off 11k staff in one of biggest US layoffs this year

Live Mint  

In one of the biggest tech layoffs of 2022, Facebook parent Meta Platforms Inc on Wednesday said that it will let go of 13% of its workforce, or more than 11,000 employees, as part of a plan to reduce costs at the social-media platform following disappointing earnings, soaring costs, and a weak advertising market. I know this is tough for …

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 cutting 20% of staff as ad sales continue to dry up
2 years, 3 months ago

Snap cutting 20% of staff as ad sales continue to dry up

Associated Press  

— The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining ad sales. In a letter to staff posted on Snap Inc.'s website, CEO Evan Spiegel said sales were not keeping up with earlier projections. Last fall, …

Snap set to lay off 20% employees and here is the reason
2 years, 3 months ago

Snap set to lay off 20% employees and here is the reason

India TV News  

Snap, the parent company of Snapchat has been reportedly laying off 20 per cent of its workforce- which is around 1,280 employees, and the company's Chief Business Officer Jeremi Gorman is leaving to join Netflix. Also, some reports surfaced in the recent past which state that Snap was set to sack employees and was in the early stages of planning …

Snap plans to lay off employees, says The Verge
2 years, 4 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 …

Snapchat is to lay off 6,000 employees and here is the reason
2 years, 4 months ago

Snapchat is to lay off 6,000 employees and here is the reason

India TV News  

With the move to join the league of tech giants which made news for laying off employees, now Snapchat, the photo-sharing platform is set to sack workers as the platform plans to enter the early stages of layoffs from the company. "It's currently unclear how many of Snap's more than 6,000 employees will be laid off, as managers across the …

Microsoft lays off 1800 employees as part of restructuring process, to hire more
2 years, 5 months ago

Microsoft lays off 1800 employees as part of restructuring process, to hire more

India Today  

Microsoft has laid off 1800 employees across different regions as a part of its structural adjustments. Microsoft will continue to hire new employees and finish the current fiscal year with an increased headcount. The job cuts spanned different groups, including consulting, customer, and partner solutions across different regions worldwide. CEO Sundar Pichai, in a memo, told employees that the company …

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