Major Layoffs In August: Apple, IBM, Sephora, Mastercard, Cisco And More
4 months, 1 week ago

Major Layoffs In August: Apple, IBM, Sephora, Mastercard, Cisco And More

ABP News  

Layoffs have become a regular thing for people today, as almost every other company in different sectors across the world is firing employees in large numbers every month. General Motors Layoffs General Motors reduced its global workforce by over 1,000 employees in its software and services division as part of a strategy to cut operational costs. GoPro Layoffs: Action camera manufacturer GoPro announced this month that it will cut its workforce by about 15 per cent this year as part of a restructuring effort to reduce operating costs. Mastercard Layoffs: Mastercard is reducing its global workforce by 3 per cent, or approximately 1,000 employees, as part of a comprehensive restructuring effort. Paramount Layoffs: Paramount Global began reducing its US workforce by 15 per cent this month as part of a pre-announced layoff plan disclosed during last week’s earnings call.

Employees Workforce Apple Company Cisco Ibm Mastercard Layoffs General Motors  layoffs  company  workforce  ibm  cisco  sephora  month  restructuring  apple  employees  major  global  cut  mastercard  cent

History of this topic

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 …

Tech layoffs: Dell says job cuts will continue for cost control and profitability concerns
3 months, 3 weeks ago

Tech layoffs: Dell says job cuts will continue for cost control and profitability concerns

Hindustan Times  

Dell Technologies Inc. will continue to reduce its workforce this year, trying to control costs amid concerns that demand for PCs hasn’t rebounded and sales of servers optimized for artificial intelligence aren’t as profitable as other products. Dell said a limitation on outside hiring, job reorganizations and other actions will produce “continued reduction in our overall headcount” in the fiscal …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
4 months ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Apple Layoffs: iPhone Maker Fires 100 Employees In THIS Department; Check Details
4 months, 1 week ago

Apple Layoffs: iPhone Maker Fires 100 Employees In THIS Department; Check Details

ABP News  

Apple Layoffs: Apple has reportedly reduced its workforce by around 100 positions within its digital services group, signalling a shift in priorities for this key division, according to a Bloomberg report citing sources. The layoffs predominantly affected the team behind the Apple Books app and Apple Bookstore, with further reductions also impacting other service teams, such as Apple News. Layoffs …

Tech layoffs: Dell fires 12,500 employees- 10% of global workforce- in AI shift
5 months ago

Tech layoffs: Dell fires 12,500 employees- 10% of global workforce- in AI shift

Hindustan Times  

Dell announced a major reorganisation of its sales division which included layoffs aimed at modernising operations at the computer giant to increase focus on artificial intelligence. Dell informed employees of these changes in an internal memo sharing plans to centralise sales teams and create a new AI-focused sales unit, Business Insider reported. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The company has not …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
11 months, 2 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 …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
11 months, 2 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

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. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

Apple to lay off small number of employees
1 year, 9 months ago

Apple to lay off small number of employees

The Hindu  

iPhone and MacBook maker Apple is laying off a small number of employees, according to a report by Bloomberg News. The affected department includes the company’s corporate retail teams, according to sources who did not wish to be named. While Big Tech companies such as Meta, Microsoft, Amazon, and Google have fired thousands of employees - sometimes across multiple rounds …

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; 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. …

Dell to slash over 6,600 jobs, 5% of its workforce, in latest tech layoffs
1 year, 11 months ago

Dell to slash over 6,600 jobs, 5% of its workforce, in latest tech layoffs

Hindustan Times  

Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go. The reductions amount to about 5% of Dell’s global workforce, according to a company spokesperson. The company is experiencing market conditions that “continue to erode with an uncertain future,” Co-Chief Operating Officer …

Dell to lay off around 6,500 workers; 5% of its global workforce
1 year, 11 months ago

Dell to lay off around 6,500 workers; 5% of its global workforce

India TV News  

Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. According to a corporate representative, the layoffs amount to around 5% of Dell's global workforce. Dell saw the worst loss among significant corporations, with a 37% drop compared to the same period in 2021. Dell announced …

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 …

Discover Related