Apple to lay off small number of employees
1 year, 8 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 - in an effort to cut costs after a hiring boom during the height of the COVID-19 pandemic, Apple’s reported layoffs have come later and are supposed to be on a far lower scale. Apple CEO Tim Cook had previously referred to layoffs as a “last resort.” However, the tech giant has adopted other cost cutting measures such as delaying bonuses, extending project timelines, laying off recruiters, leaving vacant positions open, and cutting travel budgets, according to Bloomberg.

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History of this topic

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
1 week, 2 days 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 …

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
1 month, 2 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 …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
3 months, 2 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
3 months, 3 weeks 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
4 months, 2 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 …

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report
4 months, 3 weeks 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
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 …

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

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
8 months, 2 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
8 months, 2 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. …

Apple to lay off at least 600 people, especially from Apple Car and Micro-LED teams
8 months, 2 weeks ago

Apple to lay off at least 600 people, especially from Apple Car and Micro-LED teams

Firstpost  

Apple has had to take some tough business calls. Among those affected, at least 87 individuals were employed at a secretive Apple facility dedicated to next-generation screen development, while others were associated with the now-discontinued car project. The layoffs primarily impacted Apple’s main car-related office in Santa Clara, California, with approximately 371 employees released, alongside additional layoffs at satellite offices. …

Apple layoffs: Company cuts at least 600 jobs after car, screen projects stopped
8 months, 2 weeks ago

Apple layoffs: Company cuts at least 600 jobs after car, screen projects stopped

Hindustan Times  

Apple laid off more than 600 employees in California after the company ended its car and smartwatch display projects, as per filings with the California Employment Development Department, Bloomberg reported. Some employees of the Apple car group were also relocated to other teams, such as artificial intelligence or work on personal robotics, the report added. The current layoffs come after …

Apple to lay off more than 700 employees after halting various projects
8 months, 2 weeks ago

Apple to lay off more than 700 employees after halting various projects

India TV News  

Apple is reportedly planning to lay off its hundreds of employees. This comes after the company has cancelled its Apple Car project and is also reconsidering its in-house Micro-LED displays development project. The company's layoffs were made public through Worker Adjustment and Retraining Notification notices filed in California. As reported by 9to5Mac, which has seen the WARN report provided by …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
8 months, 3 weeks 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 …

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening
10 months ago

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening

India Today  

In a recent interview with Morning Brew Daily's podcast, Meta's CEO Mark Zuckerberg delved into the ongoing wave of tech layoffs, shedding light on why this trend shows no signs of ending anytime soon. Zuckerberg attributed the persistent layoffs to a paradigm shift among companies towards leaner operations and continued adjustments to the post-pandemic landscape. Highlighting the evolving mindset within …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report
10 months, 1 week 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 …

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 …

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 …

Salesforce cuts 700 jobs in latest tech layoffs: Know more
10 months, 4 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 …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
10 months, 4 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 …

Big tech turmoil: Google warns employees of more job cuts in coming months
11 months ago

Big tech turmoil: Google warns employees of more job cuts in coming months

Hindustan Times  

Google CEO Sundar Pichai has warned employees about more job cuts in the coming months in an effort to “simplify execution”, reported The Verge. Job cuts in Jan: 7,500 and counting The new year kicked off with hopes of an economic revival in the United States and Europe, bit tech firms have started 2024 with a string of layoffs as …

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 …

Apple to make layoffs only as a ‘last resort,’ says CEO Tim Cook
1 year, 7 months ago

Apple to make layoffs only as a ‘last resort,’ says CEO Tim Cook

Hindustan Times  

Layoffs at Apple, if any, will be made only as a ‘last resort,’ according to CEO Tim Cook, with his statement coming at a time when fellow giants, including, among others, Alphabet, Meta, Microsoft, and Amazon, have released thousands of employees over the past few months. “I view that as a last resort, and so mass layoffs is not something …

More Layoffs On The Cards In Google? CEO Sundar Pichai Hints At Another Round Of Job Cuts: Report
1 year, 8 months ago

More Layoffs On The Cards In Google? CEO Sundar Pichai Hints At Another Round Of Job Cuts: Report

ABP News  

US tech major Google is planning more layoffs as its CEO Sundar Pichai has spoken out about the possibility of a second round of job cut in the company. The year 2023 has already seen a significant number of layoffs as global tech giants, including Google, Amazon, Microsoft, and others have terminated employees to cut cost. A few months ago, …

Apple begins laying off people from its retail team, here's everything you need to know
1 year, 8 months ago

Apple begins laying off people from its retail team, here's everything you need to know

India Today  

After dodging layoffs for quite some time, Apple has finally begun laying off employees. According to reports from Bloomberg and Business Insider, the cuts are expected to be on a "massively smaller scale" than those seen by other big tech companies like Google, Amazon, Meta, and Microsoft, but still significant for Apple. Apple has traditionally stood apart from other big …

Apple to slash small number of jobs in some corporate retail teams: Report
1 year, 8 months ago

Apple to slash small number of jobs in some corporate retail teams: Report

Hindustan Times  

Apple Inc. is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter, marking its first known internal job cuts since it embarked on a belt-tightening effort last year. While the number of positions being eliminated couldn’t be ascertained and is likely very small, the move represents a new step for …

Apple to make small number of job cuts in some corporate retail teams
1 year, 8 months ago

Apple to make small number of job cuts in some corporate retail teams

Live Mint  

Apple Inc. is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter, marking its first known internal job cuts since it embarked on a belt-tightening effort last year. While the number of positions being eliminated couldn’t be ascertained and is likely very small, the move represents a new step for …

Apple threatens to fire employees who do not work from office 3 days a week: 5 things to know
1 year, 8 months ago

Apple threatens to fire employees who do not work from office 3 days a week: 5 things to know

India Today  

The tech job market is highly unstable right now with more and more companies announcing large-scale layoffs. Latest reports surfacing online suggest that Apple has asked its employees to return to work from offices for at least three days a week and those who aren't doing so are getting some serious warnings. Here are five things that you need to …

Amazon announces second largest round of layoffs I THIS number of employees to be FIRED in next few weeks
1 year, 9 months ago

Amazon announces second largest round of layoffs I THIS number of employees to be FIRED in next few weeks

India TV News  

Amazon layoffs: For the last year, tech giants have been firing their staff amid concerns about the global recession. CEO Andy Jassy said the second phase of the company’s annual planning process completed this month led to the additional job cuts. Second largest round of layoffs The job cuts would mark the second largest round of layoffs in the company’s …

Apple avoiding layoffs by cutting travel budget, delaying bonuses and more
1 year, 9 months ago

Apple avoiding layoffs by cutting travel budget, delaying bonuses and more

India Today  

Apple is the only major tech giant which has not resorted to mass layoffs to cut expenses. Recently, it was reported that Apple is delaying bonuses for some corporate employees and limiting its hiring. Apple also doles out bonuses and promotions twice a year to some teams, depending on their performance. --Apple has also paused hiring for some teams, and …

Apple delays bonuses, limits hiring in latest cost-cutting move
1 year, 9 months ago

Apple delays bonuses, limits hiring in latest cost-cutting move

Hindustan Times  

Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times, according to people with knowledge of the situation. The shift will reduce the frequency of bonuses for a portion of Apple’s corporate workforce Read here: Facebook parent Meta to cut 10,000 jobs: Report The …

Apple limits hiring, delays bonuses for some employees to cut costs
1 year, 9 months ago

Apple limits hiring, delays bonuses for some employees to cut costs

India Today  

Apple is reportedly delaying bonuses for some corporate employees and implementing cost-cutting measures owing to uncertain macroeconomic conditions. The report states that Apple typically doles out bonuses and promotions twice a year, depending on the division and company's performance. Similarly, some part-time workers at Apple's retail stores fear they may lose their jobs due to the company's increased scrutiny of …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

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 …

Latest layoffs at Meta driven by financial targets, not ’flattening’
1 year, 9 months ago

Latest layoffs at Meta driven by financial targets, not ’flattening’

Live Mint  

In a fresh round of layoffs, Meta Platforms Inc is planning to layoff thousands as soon as this week, Bloomberg News reported on Monday. The new round of job cuts is being driven by financial targets and is separate from the "flattening," the report said, citing people familiar with the matter. Although Meta declined to comment at that time, spokesperson …

Tech Layoffs: Apple starts laying off third-party contractors just weeks after assuring job security
1 year, 10 months ago

Tech Layoffs: Apple starts laying off third-party contractors just weeks after assuring job security

Firstpost  

Just weeks ago, Apple’s CEO Tim Cook had said in an interview that terminations would be the last option for Apple and that they won’t be laying people off anytime soon. Considering that the company’s CEO, Tim Cook, recently declared that layoffs would be a “last resort type of thing,” many people are surprised. According to one of the contractors, …

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 …

Apple May Not Announce Job Cuts Like Other Big Tech Companies. Here's Why
1 year, 10 months ago

Apple May Not Announce Job Cuts Like Other Big Tech Companies. Here's Why

ABP News  

Amid Big Tech companies like Amazon, Meta and Microsoft announcing job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at the pace at which other tech giants did, say analysts. According to Wedbush tech analyst Dan Ives, Apple CEO Tim Cook, who has taken a hefty salary …

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 …

Zuckerberg's Meta gearing up for more layoffs? This report suggests so
1 year, 10 months ago

Zuckerberg's Meta gearing up for more layoffs? This report suggests so

Hindustan Times  

Meta CEO Mark Zuckerberg has reportedly announced that he is not in favour of “managers managing managers, managing managers, managing managers, managing the people who are doing the work”. According to the weekly newsletter Command Line from The Verge’s Alex Heath, Zuckerberg hinted at more layoffs in middle management during an internal Q&A meeting last week. Earlier in January, the …

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 …

Amazon begins another round of layoffs, 18,000 employees to be affected
1 year, 11 months ago

Amazon begins another round of layoffs, 18,000 employees to be affected

India TV News  

Amazon Inc. has begun another round of layoffs after it fired around 2,300 employees in November 2022. Earlier this month, Amazon confirmed the layoffs and their massive scale, saying that including the ones from last year, Wednesday's round, and potential additional cuts in 2023, they would affect 18,000 employees overall. As Amazon announced to lay off 18,000 employees globally, including …

Microsoft to lay off staff again from today: Reports
1 year, 11 months ago

Microsoft to lay off staff again from today: Reports

Deccan Chronicle  

SAN FRANCISCO: Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. "Over the last few weeks we have seen significant headcount cut reduction from stalwarts Salesforce and Amazon," Wedbush analyst Dan Ives said in a note to investors. Amazon announced …

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 …

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’
1 year, 11 months ago

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’

The Telegraph  

Microsoft is to cut 10,000 jobs in the face of a global economic downturn, with chief executive Satya Nadella saying the technology giant cannot “defy gravity”. The layoffs represent just under 5pc of Microsoft’s global headcount and mean the company joins a growing cohort of big tech companies making deep job cuts. In November, Facebook owner Meta said it would …

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 …

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