Tech employees earning up to $1 million per year got laid off: Know-why?
1 year, 11 months ago

Tech employees earning up to $1 million per year got laid off: Know-why?

India TV News  

As Big Tech layoffs have been dominating the market, more details have emerged over the period of time on which verticals and senior executives have been earning up to $1 million annually, bearing the maximum brunt at Google, Microsoft, and Amazon. Image Source : PIXABAYLayoff in tech firms At Google, laid-off employees- included those who previously received high-performance reviews or held managerial positions "with annual compensation packages of $500,000 to $1 million, report of The Information states. According to the report, 12,000 impacted employees who belonged to every department, from Google Cloud and Chrome to Android and "search-related groups under senior executive Prabhakar Raghavan". The job cut affected nearly 2,000 people in hardware chief Dave Limp's division, which is home to products like Alexa and Echo smart home devices. CNBC reported the layoffs also included a "significant number" of employees working on the Prime Air drone delivery project.

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History of this topic

Microsoft layoffs- Microsoft to cut 650 support jobs in Xbox Games unit: Report
3 months, 1 week ago

Microsoft layoffs- Microsoft to cut 650 support jobs in Xbox Games unit: Report

The Hindu  

Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomberg News reported on Thursday. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox …

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report
5 months, 1 week ago

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report

ABP News  

Salesforce Layoffs: Salesforce has reportedly laid off about 300 employees as part of a larger initiative to optimise operations, highlighting the tech industry's ongoing emphasis on cost management. Although constituting a small fraction of the company's overall workforce, these job cuts are the most recent illustration of the tech industry's efforts to manage costs after years of extensive hiring. Intuit …

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 …

Google Layoffs: Tech Giant Fire Nearly 100 Employees From Cloud Division, Says Report
6 months, 2 weeks ago

Google Layoffs: Tech Giant Fire Nearly 100 Employees From Cloud Division, Says Report

ABP News  

Google Layoffs: Alphabet, Google's parent company, is reportedly laying off multiple employees across several teams within Google’s cloud division, which is one of its fastest-growing sectors. Individuals familiar with the matter told the publication that some of those affected by the layoffs had been involved in planning and executing Google's annual event, Google Cloud Next, which took place in mid-April. …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks 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, …

Google Layoffs: Tech Giant Fires 200 Employees From Core Team, Plans To Relocate Roles To India And Mexico
7 months, 3 weeks ago

Google Layoffs: Tech Giant Fires 200 Employees From Core Team, Plans To Relocate Roles To India And Mexico

ABP News  

Layoffs at Google do not seem to stop anytime soon; now, the tech giant has fired its workforce by nearly 200 employees from its "core team" and shifted specific roles overseas as part of cost-cutting measures. The core team at Google is responsible for crafting the "technical underpinnings powering the company's leading products," in addition to ensuring online user safety …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
8 months, 2 weeks 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 …

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India
10 months, 2 weeks 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 …

Zoom Lay Offs 150 Employees As Tech Companies Continue To Cut Costs
10 months, 2 weeks ago

Zoom Lay Offs 150 Employees As Tech Companies Continue To Cut Costs

News 18  

Zoom is laying off nearly 150 employees, or less than 2 per cent of the company’s workforce. In addition to Zoom, cloud software vendor Okta also announced to lay off about 400 employees, or about 7 per cent of its workforce. Okta CEO Todd McKinnon said that the “reality is that costs are still too high”. McKinnon said the firm …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
10 months, 4 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 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 …

eBay laying off 1000 employees after heavy hiring in pandemic
11 months ago

eBay laying off 1000 employees after heavy hiring in pandemic

India Today  

E-commerce giant eBay has followed the footsteps of Google, Amazon, Meta, and other tech companies in cutting down its workforce to reduce costs. The company announced in an email to its staff that it would lay off about 1,000 employees, which accounted for 9 per cent of its full-time workforce. But that’s not it as the company is planning more …

These 46 tech companies layoff 7,500 employees in first 2 week of 2024
11 months, 1 week 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 …

Entertainment companies face tidal wave of layoffs in rocky start to new year
11 months, 1 week ago

Entertainment companies face tidal wave of layoffs in rocky start to new year

LA Times  

The new year is off to an ominous start for the entertainment industry, which is facing heavy layoffs at companies spanning film, TV, music and gaming. UMG, the music industry’s largest record company, said Friday in a statement to The Times that it aims to create “efficiencies in other areas of the business so we can remain nimble and responsive …

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected
11 months, 1 week ago

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected

News 18  

Tech giant Google has laid off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs, a Google spokesperson told Reuters in a statement. The reorganization of certain teams comes at a time when companies like Microsoft and Google are betting on the rising …

Amazon to lay off several hundred staff in Prime Video, Studios departments
11 months, 2 weeks ago

Amazon to lay off several hundred staff in Prime Video, Studios departments

Hindustan Times  

Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024. The Amazon Prime Video streaming app is seen The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed …

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 …

Tech Layoffs: Amazon India lays off around 500 people in HR, tech support and web services teams
1 year, 7 months ago

Tech Layoffs: Amazon India lays off around 500 people in HR, tech support and web services teams

Firstpost  

Amazon India has conducted a new round of layoffs that have affected employees in the Amazon Web Services and People Experience and Technology Solutions divisions, according to sources working in the company. Also read: Tech Layoffs: Amazon starts terminating more people, this time from HR and Amazon Web Services HR, tech support and web services teams get the pink slip …

Amazon layoff: Employees in Cloud, HR units lost their jobs
1 year, 7 months ago

Amazon layoff: Employees in Cloud, HR units lost their jobs

India TV News  

Amazon Layoff: Amazon, an e-commerce giant has continued to lay off employees from the other departments. CNBC reported that Amazon Web Services CEO Adam Selipsky and HR head Beth Galetti sent memos to staffers in the US, Costa Rica and Canada informing them of the job cuts. In the memo, Selipsky said, "In other regions, we are following local processes, …

Around 24,250 Indian techies lose jobs at 84 startups till date: Know the reason why?
1 year, 8 months ago

Around 24,250 Indian techies lose jobs at 84 startups till date: Know the reason why?

India TV News  

Since the year got started, we are bombarded with the news of layoffs, job loss, company's planning for cost-cutting and whatnot. The reports have stated that the leading digital healthcare platform like Practo has laid off 41 employees, who are mostly engineers, as part of the company's continuous planning process and performance management. Image Source : FREEPIKAround 24,250 Indian techies …

Amazon layoffs continue, now 100 employees from its video games unit fired
1 year, 8 months ago

Amazon layoffs continue, now 100 employees from its video games unit fired

Live Mint  

The news comes weeks after Amazon announced a second round of mass layoffs. Layoffs continued at Amazon this week with 100 employees from the company's video games unit losing their jobs. The news comes weeks after Amazon announced a second round of mass layoffs, piling on to a wave of job cuts that has swept the technology sector as a …

Samsung layoff: 3% of employees at the US chip subsidiary lost their job
1 year, 9 months ago

Samsung layoff: 3% of employees at the US chip subsidiary lost their job

India TV News  

Samsung Electronics has laid off 3 per cent of the employees at its US semiconductor subsidiary- Device Solutions Americas. Business Korea, the citing source said that the Samsung DSA notified all of its employees of the job cuts due to uncertain economic conditions. Image Source : PIXABAYUnemployment A global economic recession has led to an overall reduction in the demand …

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 …

Explained | What does the recent wave of tech layoffs mean?
1 year, 10 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 …

Column: The real aim of big tech’s layoffs: bringing workers to heel
1 year, 10 months ago

Column: The real aim of big tech’s layoffs: bringing workers to heel

LA Times  

Union activity at Amazon and other tech companies has been on the rise. Elon Musk’s mass firings at Twitter last year, and his public demand that only “hardcore” coders dedicated to his program remain at the company, are instructive here, not least because other tech executives have said his approach was an inspiration when culling jobs at their own companies. …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 10 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 …

Why Big Tech is laying off thousands of employees and how it impacts consumers
1 year, 10 months ago

Why Big Tech is laying off thousands of employees and how it impacts consumers

Firstpost  

Over the last year, Big Tech companies – including Amazon, Twitter and Meta – sacked more than 70,000 people globally. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t count the downstream effect of contractors losing business as budgets tighten. Importantly, these figures don’t include the downstream layoffs, …

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 …

Microsoft to cut 10,000 jobs as tech layoffs intensify
1 year, 11 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

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 …

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 …

Layoffs at Amazon, Twitter, Ola, and more: 91 tech companies fired over 24,000 employees in 2023
1 year, 11 months ago

Layoffs at Amazon, Twitter, Ola, and more: 91 tech companies fired over 24,000 employees in 2023

India Today  

The tech industry is currently struggling to sail through the ongoing economic slowdown. According to statistics by Layoffs.fyi- a site which tracks all tech startup layoffs, 91 tech companies around the globe have fired around 24151 employees in January 2023. In a recent blog post, CEO Andy Jassy confirmed that Amazon is continuing layoffs while firing around 18000 employees across …

Tech layoffs: Adobe is the latest tech giant to cut jobs to reduce expenses
2 years ago

Tech layoffs: Adobe is the latest tech giant to cut jobs to reduce expenses

India Today  

Adobe has reportedly laid off nearly 100 employees, mainly from the sales team. In a statement to the publication, Adobe said that the company "shifted some employees to positions that support critical initiatives" and wiped out "a small number" of other jobs. Notably, Adobe announced in September that the company would purchase Figma, a leading web-first collaborative design platform, for …

Layoff Spree in Silicon Valley: After Meta & Twitter, Amazon Plans to Fire 10,000 Employees
2 years, 1 month ago

Layoff Spree in Silicon Valley: After Meta & Twitter, Amazon Plans to Fire 10,000 Employees

News 18  

Amazon plans to lay off about 10,000 people over the next few days, according to a report by the New York Times on Monday citing people with knowledge of the matter. The layoff will affect representing roughly three per cent of the e-commerce giant’s corporate employees and less than one per cent of its global workforce of more than 1.5 …

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 …

Salesforce Fires Hundreds Of Employees As Big Tech Battles Economic Slowdown
2 years, 1 month ago

Salesforce Fires Hundreds Of Employees As Big Tech Battles Economic Slowdown

News 18  

The big tech layoffs show no signs of slowing down. After Twitter, Microsoft and Meta, Salesforce has now laid off hundreds of employees, as the industry battles through an economic slowdown. Protocol first reported that Salesforce was preparing for a major round of layoffs that could affect as many as 2,500 employees. In August, Salesforce said in a filing that …

It's the season of layoffs in Silicon Valley: 45,000 employees gone and it's not over yet
2 years, 1 month 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 …

Microsoft to Netflix: These big tech companies laid off hundreds of employees
2 years, 5 months ago

Microsoft to Netflix: These big tech companies laid off hundreds of employees

India Today  

The tech industry is going through a tough time. Some of the big tech companies are either cutting spending by pausing the hiring process or laying off hundreds of employees. In fact, Tesla also shut down its San Mateo, California office and laid off hundreds of employees from its Autopilot department recently. Let’s take a quick look at tech companies …

Why did Netflix lay-off 300 more employees?
2 years, 6 months ago

Why did Netflix lay-off 300 more employees?

India TV News  

Netflix, a known video streaming platform has been in the news for laying off the employees recently. These new layoffs hit just a few weeks after the streaming giant -- which has a global workforce of roughly 11,000 staffers -- made an initial round of reductions of similar size in May. The platform also indicated more rounds of layoffs would …

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