Tech industry job cuts come rapidly and in big numbers
2 years, 2 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 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. Coinbase: The cryptocurrency trading platform cuts approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.

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History of this topic

Layoff wave hits the US—Tech, retail, and energy giants cut jobs in 2025: Here’s the full list
4 weeks, 2 days ago

Layoff wave hits the US—Tech, retail, and energy giants cut jobs in 2025: Here’s the full list

Live Mint  

US companies have ramped up layoffs across various industries as they seek to streamline operations amid economic uncertainties. Companies announcing layoffs Several large corporations have announced workforce reductions in 2025, impacting thousands of employees across multiple industries. Aerospace and manufacturing companies, including Blue Origin and Dow, are implementing job cuts, while energy giants like Chevron are laying off 8,000 workers. …

Autodesk to fire 1,350 employees, company says this will help it spend money on AI
1 month ago

Autodesk to fire 1,350 employees, company says this will help it spend money on AI

India Today  

San Francisco-based design software giant Autodesk Inc has announced its plans to lay off approximately 1,350 employees. “We long understood the need to drive more efficiency and focus following the implementation of the New Buying Experience, and we were always going to act on that need independently.” The restructuring plans at the company are also amidst the company’s transition to …

Layoffs Wave Continues To Upset Tech Sector In 2025 Says Report, A Look At Some Major Job Cuts Announced So Far
1 month, 3 weeks ago

Layoffs Wave Continues To Upset Tech Sector In 2025 Says Report, A Look At Some Major Job Cuts Announced So Far

ABP News  

Layoffs in the tech industry seem to not be stopping anytime soon. The wave of job cuts is going strong in the sector as several big US tech companies have already announced workforce reductions in 2025. The Challenger report showed that 49,795 jobs were slashed in January, about 28 per cent higher than 38,792 job cuts announced in December. Major …

Tech Layoffs 2025: Meta, Microsoft, Salesforce continue job cuts amid restructuring efforts
1 month, 3 weeks ago

Tech Layoffs 2025: Meta, Microsoft, Salesforce continue job cuts amid restructuring efforts

India Today  

The year 2022 ended with the quakes of mass layoffs, which continued their tremors in 2023 and even 2024. As the year started, major companies including Meta, Microsoft, Amazon, Salesforce, and Google announced more downsizing, citing restructuring efforts and performance optimisation—all while expanding roles in artificial intelligence. However, despite the global restructuring, Puneet Chandok, Microsoft’s India and South Asia head, …

Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe
Trending News
1 month, 4 weeks ago

Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe

Live Mint  

Significant layoffs continue to sweep across major big tech and corporate firms in 2025. ADM to cut up to 700 jobs worldwide amid cost-cutting efforts According to Reuters, ADM, a major international grain trader, announced plans to cut up to 700 jobs to reduce expenses by $500 million to $750 million over the next three to five years. The announcements …

Techies on edge as global layoffs continue in 2024: What's in store for 2025?
2 months, 2 weeks ago

Techies on edge as global layoffs continue in 2024: What's in store for 2025?

India Today  

The tech industry across the world has been rather unstable with the advancements of Artificial Intelligence and the streamlining of operations in the post-Covid world. Several tech giants have been actively cutting down their workforce, including top firms like Meta and Amazon, as part of the industry's ongoing adjustment to a more cautious economic environment. In 2024, the tech industry …

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’
2 months, 3 weeks ago

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’

Hindustan Times  

While the US economy recovers from the shock of the coronavirus pandemic, experts have warned that not everyone will have job security in 2025. US jobs: Workers in a variety of industries received more blows in the closing months of 2024, with several layoff declarations for 2025. Amazon, Boeing and Spirit Airlines announce job layoffs Workers in a variety of …

Tech Layoffs: 42% Drop In Job Cuts In 2024 As Firms Work Towards Stabilisation
3 months ago

Tech Layoffs: 42% Drop In Job Cuts In 2024 As Firms Work Towards Stabilisation

ABP News  

Tech Layoffs in 2024: The tech industry made a strong recovery in 2024 after enduring significant losses in 2023, with tracking sites noting a 42 per cent reduction in layoffs compared to the previous year. Intel started the year by announcing plans to cut around 15 per cent of its workforce in January, followed by smaller layoffs from companies such …

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
3 months, 2 weeks ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Layoffs Bloodbath In Big Tech Impacts 150,000 Jobs In 2024 As Industry Suffers: Report
4 months ago

Layoffs Bloodbath In Big Tech Impacts 150,000 Jobs In 2024 As Industry Suffers: Report

ABP News  

The tech industry in 2024 has undergone a major wave of layoffs, with big players in the sector trimming their workforces to streamline their operations. About 150,000 employees have lost their jobs across major firms such as Tesla, Cisco, Microsoft, SAP, and Intel, a report by The Times of India revealed. Intel The tech giant announced that it will trim …

Layoffs in tech industry seem to be far from over
4 months, 3 weeks ago

Layoffs in tech industry seem to be far from over

Hindustan Times  

The technology sector’s employment woes have deepened in 2024, with companies across the spectrum announcing fresh layoffs, indicating the trend that began two years ago shows no signs of abating. This both validates the opportunity we’ve been pursuing and underscores the need for even more urgency, even more aggressive investment, and decisive action,” Dropbox CEO Drew Houston said in a …

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
4 months, 3 weeks 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 …

IBM Layoffs: Tech Firm Silently Fires Thousands Of Employees, Says Report
6 months, 1 week ago

IBM Layoffs: Tech Firm Silently Fires Thousands Of Employees, Says Report

ABP News  

IBM layoffs: IBM is reportedly laying off thousands of employees this week. The report indicates that significant job reductions have occurred, with one insider stating that "a massive layoff" recently affected thousands of workers in the IBM Cloud division. In its first-quarter 2024 earnings report, the company revealed a $400 million "workforce rebalancing" charge, suggesting that layoffs are part of …

27,000 techies laid off across the globe in August, highest since January 2024
6 months, 4 weeks ago

27,000 techies laid off across the globe in August, highest since January 2024

Deccan Chronicle  

Hyderabad: The layoffs in tech companies has witnessed a surge in August, since January 2024. On August 1, Intel CEO Pat Gelsinger announced plans to cut around 15,000 jobs, representing 15% of its workforce. German chipmaker Infineon announced on August 5 that it would cut 1,400 jobs globally, with an additional 1,400 positions being relocated to countries with lower labor …

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

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs
7 months, 2 weeks ago

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs

ABP News  

Recent data revealed that 32 companies in India have cut down jobs for at least 8,000 people in India till August in the year so far. Layoffs.fyi, a start-up that tracks layoffs across the tech industry globally, found that the highest number of layoffs in the country came from Paytm which announced a job cut for at least 3,500 employees …

Tech layoffs: Dell fires 12,500 employees- 10% of global workforce- in AI shift
7 months, 3 weeks 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 Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact
8 months ago

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact

ABP News  

The tech industry has been going through a wave of layoffs and the reduction in workforce has continued in July as well. The data showed that in the year so far, as of July 30, 2024, about 1,90,049 people were let go of from about 380 companies across the world, reported The Indian Express. July began with US-based software firm, …

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report
8 months ago

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report

ABP News  

Intel Layoffs: Intel reportedly plans to cut thousands of jobs as part of a cost-cutting strategy to support the critical initiative of recovering from recent earnings declines and market share losses. Intel’s Chief Executive Officer Pat Gelsinger is investing heavily in research and development to improve the firm’s technology and restore its leading position in the semiconductor industry. Under Gelsinger's …

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report
8 months, 2 weeks 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 …

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More
9 months ago

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More

ABP News  

Major Layoffs In June: Layoffs have become increasingly prevalent across various sectors as companies are grappling with economic uncertainties, shifting consumer demands, and operational challenges exacerbated by the ongoing global situation. In June 2024, widespread layoffs impacted thousands of employees worldwide, spanning from tech giants like Google and Meta to companies across various other sectors. Google Layoffs Alphabet, Google's parent …

Microsoft Layoffs: Tech Giant Fires Over 1,000 Employees Across Departments, Says Report
9 months, 3 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
9 months, 3 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
9 months, 4 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. …

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?
10 months ago

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?

Hindustan Times  

India’s IT sector laid off around 20,000 techies during the calendar year 2023, in a manner known as a “silent layoff,” according to data shared by All India IT & ITeS Employees' Union, as reported by Moneycontrol. A “silent layoff” refers to a situation where employees are let go or have their employment terminated in a discreet or unannounced manner, …

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’
10 months, 2 weeks ago

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’

Hindustan Times  

Careers site Indeed is laying off about 1,000 employees- 8% of its workforce- it said, with the aim to simplify its organization. The company's CEO Chris Hyams took responsibility for the job cuts and said that the firm is still not set up for growth after last year's global slowdown in hiring resulted in declining sales. Indeed layoffs: The latest …

Google Layoffs: Here's What CEO Sundar Pichai Told Employees About Job Cuts
10 months, 3 weeks ago

Google Layoffs: Here's What CEO Sundar Pichai Told Employees About Job Cuts

ABP News  

In 2024, Google implemented a series of layoffs affecting thousands of employees, mirroring the large-scale layoff of 12,000 employees witnessed in 2023. According to a report by CNBC, during an all-hands meeting, Google CEO Sundar Pichai fielded questions from concerned employees regarding these workforce reductions. Pichai assured employees that, barring unforeseen changes, the scale of layoffs in the latter half …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
10 months, 4 weeks ago

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024

ABP News  

Tech Layoffs: The technology sector is grappling with a persistent wave of layoffs, which do not seem to be stopping anytime soon. Over the first four months of this year, the sector has seen a significant workforce reduction, with over 80,000 employees reportedly losing their jobs around the world. According to the most recent data from layoff.fyi, a platform dedicated …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
10 months, 4 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
11 months 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 …

India's Tech Sector Insights & Trends: 190,000 Layoffs, 37,000 In Startups In 3 Yrs
11 months ago

India's Tech Sector Insights & Trends: 190,000 Layoffs, 37,000 In Startups In 3 Yrs

News 18  

Google’s recent layoff confirmation, purportedly encompassing its entire Python team, mirrors a broader trend in the tech sector job market. Ramesh Alluri Reddy, CEO of TeamLease Degree Apprenticeship, which is TeamLease’s flagship blended learning programme designed to bridge the skill gap in the workforce, shared insightful data with News18 about the layoffs, job creation, and evolving trends, offering insights into …

Google Layoffs: Tech Giant Trims More Workforce, Hits These Three Teams
11 months ago

Google Layoffs: Tech Giant Trims More Workforce, Hits These Three Teams

ABP News  

Google Layoffs: The wave of layoffs continues at Google. After reports on Monday that the firm has laid off people from its Python team to hire cheap labour, a Tech Crunch report stated that the tech giant has also fired people from Dart, Flutter, and other teams along with Python. “As we’ve said, we’re responsibly investing in our company’s biggest …

Google layoffs: Company cuts more jobs in these key teams citing reorganisation
11 months ago

Google layoffs: Company cuts more jobs in these key teams citing reorganisation

Hindustan Times  

Google layoffs: Sundar Pichai's Google is on a layoff spree- in line with the larger job cuts in the tech sector which has seen little signs of slowing down this year. Google layoffs: Google CEO Sundar Pichai is seen, The company is cutting jobs in key teams as layoffs continue this year. Google spokesperson Alex García-Kummert said as per the …

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'
11 months, 2 weeks ago

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'

India TV News  

In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. This announcement follows Google CEO Sundar Pichai’s earlier warning about the potential for more layoffs in 2024. Impact on Google employees While Google did not specify the exact number of employees affected by the latest round of layoffs, reports suggest that it …

Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’
11 months, 2 weeks ago

Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’

Hindustan Times  

Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. Google didn't confirm the exact number of employees being let go in the latest round of layoffs but the …

Google layoffs: Tech giant cuts more jobs as part of restructuring
11 months, 2 weeks ago

Google layoffs: Tech giant cuts more jobs as part of restructuring

India Today  

Tech giant Google has cut an unspecified number of jobs as part of its effort to restructure some teams, reported Business Insider. Teams across Google’s finance and real estate units have been affected, said two current employees quoted in the report. One individual quoted in the report said the finance departments impacted include Google's Treasury, Business Services, and Revenue Cash …

McKinsey layoffs: Company to cut 360 jobs affecting these roles as demand slows
11 months, 3 weeks ago

McKinsey layoffs: Company to cut 360 jobs affecting these roles as demand slows

Hindustan Times  

McKinsey layoffs: Global consulting firm McKinsey & Co. announced plans to eliminate almost 360 jobs globally. McKinsey layoffs: A logo of American multinational corporation McKinsey & Company on the first day of the Mobile World Congress, the telecom industry's biggest annual gathering, in Barcelona. As part of this process, some roles will be eliminated within this small number of capabilities.” …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
11 months, 3 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 …

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
11 months, 4 weeks ago

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts

The Hindu  

Apple is laying off more than 600 workers in California, marking the company's first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with the layoffs becoming effective on May 27, according to reports to regional authorities. …

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
11 months, 4 weeks ago

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts

Associated Press  

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with the layoffs becoming effective on May 27, according to reports to regional authorities. …

Tech hiring: Jobs aplenty? Know what the top IT services companies are eyeing
11 months, 4 weeks ago

Tech hiring: Jobs aplenty? Know what the top IT services companies are eyeing

Hindustan Times  

In some very good news for the information technology sector, it is being reported that top IT services companies are on a hiring drive and that the segment actually recorded its first rise in 20 months. What with slowing attrition rate, the gross hiring by these companies actually dipped 4-6% QoQ, as per an analysis Economic Times got done by …

Amazon is cutting hundreds of jobs in its cloud computing unit AWS
11 months, 4 weeks ago

Amazon is cutting hundreds of jobs in its cloud computing unit AWS

Associated Press  

Amazon said Wednesday it’s cutting hundreds of jobs in its cloud computing unit AWS as part of a strategic shift. The company will trim “a few hundred roles” in the team that overlooks technology for physical stores, a move that comes just a day after Amazon said it was ditching Just Walk Out technology in its U.S. grocery stores. In …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
1 year ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting
1 year ago

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting

Hindustan Times  

IBM layoffs: International Business Machines Corp reportedly announced layoffs without informing about the specific number of job cuts. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This comes as the company's CEO Arvind Krishna said last year that IBM expects to pause hiring for roles which could be replaced with artificial intelligence in the coming years. Tech layoffs in 2024 At least 204 companies …

The jobs market is hot, but layoffs keep coming in a shifting economic environment
1 year, 1 month ago

The jobs market is hot, but layoffs keep coming in a shifting economic environment

Associated Press  

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. The video streaming platform’s CEO Dan Clancy said in an email to employees that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business.” Packaging & Delivery Layoffs UPS …

Job cuts across tech companies are likely to continue
1 year, 1 month ago

Job cuts across tech companies are likely to continue

Hindustan Times  

The trend of slashing jobs across businesses over the past few years is catching up with the automation and digitalisation trends. In January 2024, companies in the U.S. announced 82,307 job cuts, an increase of 136% from the 34,817 cuts announced the previous month, according to the global outplacement firm Challenger, Gray & Christmas. The Challenger report for January states …

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
1 year, 1 month ago

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

Associated Press  

SAN FRANCISCO — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence. Combined with a wave of layoffs last year, the workforce reductions …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report
1 year, 1 month ago

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report

ABP News  

The US-based communication technology firm Cisco reportedly intends to trim its workforce to concentrate on areas of growth following the recent trend of job reductions by pears. The company is gearing up for a business restructuring that will result in the termination of thousands of employees, reported the news agency Reuters. However, a source familiar with the matter revealed to …

Big Tech jobs have lost their glamour
1 year, 1 month ago

Big Tech jobs have lost their glamour

BBC  

Big Tech jobs have lost their glamour Getty Images Employees who once clamoured to work for Big Tech companies are changing their tunes as layoffs proliferate and perks are cut Once the pinnacle of employment, Big Tech is finding its star tarnishing among layoffs and cutbacks. "It was a typical Big Tech company in that it offered huge benefits, with …

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