The past few months have been tough for tech employees. Thousands of his IT professionals have lost their jobs in recent months. Crunchbase estimates that about 91,000 workers in the tech industry have lost their jobs since early 2023. Many analysts called 2023 the “worst year ever” for his IT workforce. calling. Unprecedented job cuts are taking place at both start-ups and some large companies. There are thousands of Big Techs. Here are the biggest technology-related job cuts in the last two months:
Amazon: 18,000
Amazon, one of the largest US employers, has slowly begun rolling out layoffs affecting 10,000 employees at the end of 2022. These job cuts started with the team working on the company’s Alexa smart home and Luna cloud gaming segments. By January 2023, this number had ballooned to his 18,000 employees spread across the division. CEO Andy Jassy announced the layoffs in an email shared online with employees. In an email, Jassy said he met with company leaders to discuss ways to cut costs in a volatile economy, prioritizing “what matters most to customers and long-term business health.” After discussing ways, it said it decided to make additional cuts.
Google: 12,000
Google is cutting 12,000 jobs, CEO Sundar Pichai said in a staff memo. Headcount reductions affect teams across the company, including recruiting and corporate functions, as well as some engineering and product teams. The layoffs are global and will immediately affect U.S. employees. In an email to employees, CEO Sundar Pichai said, “We are sharpening our focus, reshaping our cost base, and allocating our people and capital to our top priorities. I take full responsibility,” he said. “These are critical times to sharpen our focus, redesign our cost base and direct our people and capital to our top priorities,” Pichai said in his email.
Facebook parent meta: 11,000
After months of hints, Facebook’s parent company Meta will cut its 11,000 employees, or about 13% of its workforce, in November 2022 in the first major mass layoff in the company’s history. I finally announced that I was furloughed. A few years beyond growth and a keen pivot to the ‘metaverse’. The company’s stock lost more than 70% of its value during the year. “Not only has online commerce returned to previous trends, but the macroeconomic downturn, increased competition and the loss of advertising signals have resulted in revenues well below expectations,” CEO Mark Zuckerberg wrote in a blog post. I’m here.
Intel: 10,000+
Chip giant Intel Corp is cutting jobs and delaying spending on new factories to save $3 billion. The company hopes to save him up to $10 billion by 2025. According to reports, job cuts may exceed 10,000 jobs for him.
Microsoft: 10,000
Microsoft Corp has announced that it will cut 10,000 jobs by the end of March, or about 5% of its workforce. This will cost him $1.2 billion in the second quarter. In a blog post and an internal email to employees, Nadella said the company will continue to hire in “key strategic areas.”
Salesforce: 8,000
Salesforce CEO Marc Benioff made a public announcement in a letter to employees earlier this month revealing job cuts affecting 10% of the company’s staff. As many as 8,000 employees are affected by job cuts. The reasons for layoffs are pretty much the same as most other tech companies. Salesforce was overhired during the pandemic-era remote work productivity boom. As of this writing, Salesforce has a staff of about 80,000, nearly doubling his pre-pandemic workforce of 48,000. “We hired too many people because the pandemic boosted our revenues, leading to this recession we’re facing now. I take responsibility for that,” Benioff said.
HP: 6,000
HP has issued a statement that it will lay off approximately 4,000 to 6,000 people over the next three years. The announcement comes after HP’s revenue fell by more than 11% year-over-year. “The company plans to reduce its global headcount by approximately 4,000 to 6,000,” the company said. In that same document, HP says headcount reductions and additional cost-cutting efforts will save at least $1.4 billion in total annual run rate by the end of 2025.
Seagate: 3,000
Seagate Technology, the largest manufacturer of computer hard drives, says it is cutting about 3,000 jobs. Computer suppliers such as Seagate and Intel have been hit hard by the slowdown in hardware spending. Customers are sitting on piles of excess inventory, negatively impacting orders and weighing on Seagate’s financial performance, said CEO Dave Mosley. It required a cut. “We have taken swift and decisive action to respond to current market conditions and enhance long-term profitability,” he said.
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