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 for semiconductors, which has further led Samsung Electronics DSA to reduce its personnel by an unusual percentage, said the report. Image Source : FREEPIK Samsung layoff ALSO Samsung Galaxy S23 Ultra Review: Great photography and gaming capabilities However, Samsung is not the only semiconductor company which has layoffs the workforce.

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History of this topic

Layoffs in tech industry seem to be far from over
1 month, 2 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
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 …

Strike by more than 1,000 Samsung workers enters a third week in India
2 months, 4 weeks ago

Strike by more than 1,000 Samsung workers enters a third week in India

Associated Press  

NEW DELHI — A strike by more than 1,000 workers at a Samsung India Electronics plant has entered its third week, and management is at an impasse over their demands for recognition of the employees’ union and higher pay, a workers union spokesman said on Wednesday, The employees strike in the plant near Chennai, the capital of the southern state …

Samsung India laying off employees amid slowdown: ‘Senior executives removed’
3 months, 1 week ago

Samsung India laying off employees amid slowdown: ‘Senior executives removed’

Hindustan Times  

Samsung Electronics is reportedly laying off over 200 executives in the Indian business across functions. This comes as the company's business growth in the country is slowing down due to poor consumer demand impacting its sales, the Economic Times reported citing four unnamed senior industry executives in the know. Samsung India layoffs: The logo of Samsung Electronics is seen at …

27,000 techies laid off across the globe in August, highest since January 2024
3 months, 2 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
3 months, 3 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 …

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 …

Samsung Electronics workers announce ‘indefinite’ strike
5 months, 2 weeks ago

Samsung Electronics workers announce ‘indefinite’ strike

Associated Press  

SEOUL, South Korea — Unionized workers at Samsung Electronics declared an indefinite strike Wednesday to pressure South Korea’s biggest company to accept their calls for higher pays and other benefits. Thousands of members of the National Samsung Electronics Union launched a temporary, three-day strike on Monday. In June, some union members collectively used their annual leaves in a one-day walkout …

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’
5 months, 2 weeks ago

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’

Hindustan Times  

Samsung Electronics Co.’s labor union of 28,000-plus workers has declared an indefinite strike escalating a dispute with South Korea's biggest company. The move threatens production at the world’s largest maker of memory chips and comes after thousands of workers rallied outside Samsung’s chipmaking complexes south of Seoul marking a three-day walkout demanding better pay. Members of the National Samsung Electronics …

Samsung's unionized workers to hold 3-day strike in South Korea this week
5 months, 2 weeks ago

Samsung's unionized workers to hold 3-day strike in South Korea this week

India TV News  

Unionized workers at Samsung Electronics are gearing up for a three-day general strike in South Korea this week, following unsuccessful negotiations with management regarding wages and working conditions. The National Samsung Electronics Union, the largest labour union within the company, consisting of 28,000 members, announced the strike last week. Despite the significant membership, the actual number of unionized workers who …

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?
6 months, 3 weeks 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, …

‘Quiet Firing’: Are Indian IT Firms Taking The Silent Route Of Layoffs?
6 months, 3 weeks ago

‘Quiet Firing’: Are Indian IT Firms Taking The Silent Route Of Layoffs?

ABP News  

Some Indian companies, especially those in the IT services field, are letting employees go without making much noise about it, or they can say they are implementing ‘silent sacking’ or ‘quiet firing, ' according to an association. Layoffs pose a substantial financial burden for companies, as they are required to offer severance packages to affected employees, states a report by …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
7 months, 2 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
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, …

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 …

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 …

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

Tech Layoffs: Snapchat Parent Firm Snap To Fire 10% Of Its Global Workforce

ABP News  

Snap, the parent company of the social media application Snapchat, announced on Monday that it would reduce its global workforce by approximately 528 employees, constituting 10 per cent of its total workforce, in an effort to “promote in-person collaboration.” This indicates that the trend of tech layoffs observed in 2023 may continue as tech companies navigate economic uncertainty thrown at …

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 …

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 …

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 …

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 …

Layoffs Reached All-Time High in 2023, India Ranked 2nd After US for Firing 18,000 Employees
11 months, 3 weeks ago

Layoffs Reached All-Time High in 2023, India Ranked 2nd After US for Firing 18,000 Employees

News 18  

Layoff-fyi, a website that tracks jobs globally, has revealed that 2.61 lakh people lost their jobs in 2023. According to statistics, here are the estimated numbers of individuals fired country-wise: United States: 179.2 Thousand India: 16.4 Thousand Germany: 13.1 Thousand Sweden: 11.1 Thousand United Kingdom: 9.4 Thousand Around 4,700 individuals were laid off in the ed-tech sector, followed by the …

Qualcomm announces job cuts, set to layoff 1,258 employees: Here are the details
1 year, 2 months ago

Qualcomm announces job cuts, set to layoff 1,258 employees: Here are the details

India Today  

Qualcomm is all set to cut hundreds of jobs. In its recent filings with the California Employment Development Department, Qualcomm asserted that around 1,064 San Diego-based employees and 194 Santa Clara-based employees will be affected by the layoffs. The company stated, "Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable …

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 …

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 …

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 …

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 …

INDUSTRY | Will IT lay-off wave crash into Indian shores?
1 year, 10 months ago

INDUSTRY | Will IT lay-off wave crash into Indian shores?

The Hindu  

Published : Feb 09, 2023 10:25 IST It was a New Year gift that the employees of Big Tech did not see coming. “If a small company like mine has been told not to hire high-skilled workers, then it can happen anywhere.” Alagunambi Welkin, general secretary of the Union of IT and IT-ES Employees, said that it was odd that …

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 …

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 …

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 …

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 …

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 …

Over 30,000 lay-offs in Indian tech sector in last two years: Check list
1 year, 11 months ago

Over 30,000 lay-offs in Indian tech sector in last two years: Check list

Live Mint  

When the covid-19 pandemic struck in 2020, the world almost went into a shutdown. Over the past two years, more than 30,000 people lost their jobs in India in the tech sector. Ed-tech company Byju's has fired about 2,500 employees in the past two years. While Gaurav Munjal’s Unacademy laid off 1,500 employees over the last two years. Reports of …

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 …

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 …

Samsung Workers in Vietnam Bear Brunt of Slowdown in Demand for Electronics Globally
2 years, 4 months ago

Samsung Workers in Vietnam Bear Brunt of Slowdown in Demand for Electronics Globally

News 18  

THAI NGUYEN, Vietnam: Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending. The effect is acutely felt in Vietnam's northern province of Thai Nguyen, one of Samsung's two mobile manufacturing bases in the country where the world's …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 6 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung Electronics to halt production at its last computer factory in China
4 years, 4 months ago

Samsung Electronics to halt production at its last computer factory in China

Live Mint  

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported …

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