P.Infamous tech companies are cutting thousands of jobs in an attempt to cut costs to weather falling revenues and a feared recession.
Big tech companies have been forced to adapt over the past few months as most companies reported poor performance at the end of 2022. While some companies are trying to curb spending or cut other projects, most are cutting headcount after expansion. staff during the coronavirus pandemic.
The latest companies to lay off staff are:
The search giant announced on Friday that it was making some notable job cuts, including laying off 12,000 employees worldwide.
Google CEO Sundar Pichai wrote in a memo: “The roles we eliminate reflect the results of that review. They span alphabets, product areas, features, levels and geographies.”
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Amazon is moving to cut more than 18,000 workers to save costs from November 2022. It has also delayed adding warehouses and scrapped other programs such as its telemedicine department and his AmazonSmile for charity services.
“It is with a heavy heart that we say goodbye to many of our talented colleagues, but they are an important part of our broader effort to reduce service delivery costs, and we are grateful for the wide selection, low prices and fast shipping our customers offer. We can continue to invest, and we love you,” Beth Garetti, Amazon’s head of human resources, wrote in a note Wednesday.
The software company announced Wednesday that it will lay off 10,000 people from its workforce around the world, in the largest series of job cuts in eight years.
Microsoft CEO Satya Nadella said in a blog post Wednesday: .
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Twitter has lost over 70% of its staff in the past few months due to the Elon Musk takeover and subsequent job cuts and resignations. Musk initially cut half of Twitter’s staff, but another 1,000 or so of him resigned in the coming weeks after Musk forced employees to agree to work at a more “hardcore” version of his Twitter. bottom.
More than 11,000 employees were laid off from Facebook’s parent company in November. This is a record number for a social platform.In a letter to employees, Meta CEO Mark Zuckerberg said, “We want to be accountable for these decisions and how we got to this point. “I know this is hard for everyone, and I’m especially sorry for those affected.”