The e-commerce giant said company-wide layoffs would impact over 18,000 employees. The company laid off under 1,000 employees across several divisions in October, Bloomberg news agency reported. The tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Music streaming service Spotify is cutting 6% of its workforce or roughly 600 roles.Īlphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo. ![]() The software and consulting firm said it will lay off 3,900 employees. The Facebook parent said it would cut 10,000 jobs, just four months after it let go of 11,000 employees. Here are some of the job cuts by major American companies announced in recent weeks. Interest rate hikes by global central banks to tame stubborn inflation have weighed on consumer and corporate spending, affecting the outlook for companies from Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Morgan Stanley. In another report by Challenger, Gray & Christmas, a global outplacement and career transitioning firm, 1,004 tech companies laid off 152421 employees globally in 2022-23, surpassing the Great Recession levels of 2008-2009.ĭuring the 2008 recession 65,000 tech workers lost their jobs, the report mentioned.
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