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    Layoffs 2023: Tech companies which laid off most number of employees

    Synopsis

    ETtech takes a look at the top 10 tech companies that have slashed the most number of jobs.

    Tech layoffsETtech
    (Illustration: Rahul Awasthi)
    After the post-Covid boom, a majority of technology companies are on a layoff spree.

    So far this year, 553 tech companies laid off 166,004 employees, as per the latest available data from layoffs.fyi, a real-time layoff tracking platform. Inflationary pressures, global economic recession and bleak outlook are among some of the reasons cited by major companies that have cut jobs so far.

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    ETtech takes a look at the top 10 tech companies that have slashed the most number of jobs.

    Amazon: The ecommerce giant has so far cut the most number of jobs at 27,000, Amazon chief executive officer (CEO) Andy Jassy recently said in a blog post that the tech major will slash another 9,000 jobs mostly in Amazon Web Services or AWS, Amazon People eXperience and Technology (PXT), advertising, and Twitch, a live streaming platform for video gamers. Earlier in January the firm had sacked over 18,000 employees.


    Amazon Expands Corporate Layoffs to 18,000 JobsNYT News Service
    FILE -- Andy Jassy, Amazon's chief executive, at The New York Times' DealBook Summit 2022 at Jazz At Lincoln Center in Manhattan, Nov. 30, 2022.

    Meta: Facebook-parent Meta Platforms said it would slash 10,000 more jobs in 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 Executive Officer Mark Zuckerberg said in a message to staff. It had earlier fired about 11,000 employees or 13% of its global workforce in November last year to cut costs.

    Accenture: Software services behemoth Accenture has announced that it will cut around 19,000 jobs giving in to macroeconomic concerns and uncertainty. Accenture said currency headwinds and wage inflation had a direct impact on its decision to lay off people. Close to 40% of the company’s 7.38 lakh employees are in India. It is not clear yet how the current round of layoffs will impact jobs in India.

    Also read | Layoffs in 2023: Accenture, Indeed, Amazon among latest firms to cut jobs amid economic turmoil

    Alphabet: Google parent Alphabet on January 20 announced that it plans to cut about 12,000 jobs or 6% of its global workforce. The layoffs will affect jobs globally and across the entire company, chief executive officer Sundar Pichai told employees in an email. Google employed around 1.56 lakh people at the end of 2021. A filing with the Securities and Exchange Commission revealed that the median salary at the company was $2,95,884.

    Big Tech firms lead global layoffsETtech

    Microsoft: Microsoft Corp said in January that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023 in an attempt to save $1 billion in costs.CEO Satya Nadella wrote in a blog post that organisations in every industry and geography are now “exercising caution as some parts of the world are in a recession and other parts are anticipating one". It undertook another round of layoffs in July. The firm sacked 276 employees at Microsoft, mostly in customer service, support and sales teams.

    Salesforce: Salesforce in January announced a restructuring plan saying it would lay off about 10% of its employees and close some offices."The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions," co-chief executive officer Marc Benioff wrote in a letter to his employees.

    Dell: Dell Technologies has eliminated about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers. The company is experiencing market conditions that "continue to erode with an uncertain future," a memo from co-chief operating officer Jeff Clarke to employees said.

    HP: HP Inc will cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce. HP estimates it will incur about $1.0 billion in labour and non-labour costs related to restructuring and other charges, with nearly $600 million in fiscal 2023 and the rest split between the following two years.

    Twitter: The micro-blogging platform has aggressively cut its workforce across teams in multiple rounds of layoffs post Elon Musk's $44 billion takeover. Twitter, which had 7,500 employees before Musk, now employs about 2,000 people, as per a New York Time report.

    Walmart: Walmart Inc will cut more than 2,000 jobs at five US e-commerce warehouses, according to a Bloomberg report. The layoffs include more than 1,000 roles at a warehouse in Fort Worth, Texas, along with 600 jobs at a Pennsylvania fulfillment center, 400 in Florida and 200 in New Jersey, the report said citing regulatory filings, with additional reductions planned in California.
    ( Originally published on Mar 24, 2023 )
    The Economic Times

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