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Topic: Layoff

Logitech had 8,200 employees as of March 2022. The company has also cut its outlook for the year. News 

Logitech lays off 300 workers due to falling sales of computer accessories

Febin Mathew, ,

Swiss technology company Logitech has laid off 300 employees amid a challenging global macroeconomic environment, media reported on Thursday. In a major global restructuring, the computer accessories maker has decided to cut about 300 jobs, reports People Matters. Logitech CEO Bracken Darrell attributed the industry downturn to a challenging global broader macroeconomic environment and “lower business and consumer spending.” Logitech had 8,200 employees in March 2022. The company has also cut its outlook for the year. “Unfortunately, the changes affected several of our employees,” a company spokesperson said in the…

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Amazon.com Inc on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty. News 

Amazon cuts another 9,000 jobs as economy slows

Sanjay Patil, ,

(Reuters) – Amazon.com Inc said on Monday it would cut another 9,000 roles to streamline operations and manage financial uncertainty, marking a fresh round of job cuts that are piling on the tech sector’s woes. In a significant turnaround for a company that has long promoted job creation, Amazon has eliminated 27,000 jobs in recent months, or 9% of its roughly 300,000 workforce. The latest cut focuses on Amazon’s highly profitable cloud and advertising divisions, which were once considered untouched until financial concerns prompted corporate customers to review their spending.…

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Major tech companies have handed out the pink slips but Apple has decided to go the other way. News 

Delayed bonuses, project delays and more: How Apple has managed to avoid major layoffs

Adriana Marais, ,

Tech layoffs have been in the headlines for the past few months, with many big companies like Google, Meta, and Microsoft handing out pink coupons. These giants claim that the economy has slowed down compared to how it was during the pandemic, and revenues have fallen, which means reducing the workforce, which, as Mark Zuckerberg, CEO, Meta claims, brings efficiency. But if there’s one company that’s stayed out of the layoff conversation in 2023, it’s Apple. Many have wondered how the Cupertino-based giant has been immune to the supposed slowdown…

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Facebookparent Meta Platforms said on Tuesday it would cut 10,000 jobs, the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. News 

Meta cuts 10,000 jobs in second round of layoffs: Report

Jim Hendler,

Facebook’s parent company Meta Platforms announced on Tuesday that it will cut 10,000 jobs. It is the first Big Tech company to announce a second round of layoffs as the industry braces for a deep economic downturn. Meta’s stock jumped 6 percent due to the news. The widely expected job cuts are part of a broader restructuring that will also see the company shed 5,000 jobs, cancel lower-priority projects and smooth middle management levels. “I think we should prepare for the possibility that this new economic reality will continue for…

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Microsoft currently has more than 220,000 employees, and layoffs affected around 5 per cent of its workforce. News 

Microsoft’s third round of layoffs hits workers in supply chain, cloud, IoT Biz: Report

Adriana Marais, , , ,

Microsoft has implemented a third round of layoffs that affected employees in roles related to supply chain, artificial intelligence (AI), and the Internet of Things (IoT). According to CRN, the third wave of layoffs is part of the 10,000 job cuts Microsoft announced earlier this year. The layoffs concerned different levels, functions, teams and geographies, according to the report, the company is quoted. In Washington state, the tech giant recently laid off 689 employees, according to records. In February, Microsoft notified the state of Washington that 617 employees were being…

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The company has been reducing its workforce across different countries. News 

Google China is now starting to lay off workers

Adriana Marais, ,

Google is now laying off senior employees and high-paid workers in China as part of a global announcement, media reported on Monday. The company’s goal is to “restore wage levels and lower operating costs while improving overall work efficiency,” reports Pandaily. Compensation includes a stock and annual leave discount, as well as 30,000 yuan ($4,339) in cash and health insurance, and these benefits can only be obtained by signing a severance agreement before March 10, the report said. “Additionally, Google has offered laid-off employees a three-month buffer period during which…

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Many tech companies have decided to layoff people, including the big one but what does Adobe plan to do? News 

Here’s what Adobe’s CEO said about a bunch of layoff plans

Febin Mathew, ,

Software major Adobe has said it has no plans to implement company-wide layoffs. Unlike other Silicon Valley tech giants, Adobe won’t be making mass layoffs this year, says its human resources director Gloria Chen. In an interview with Bloomberg Television, he said that “We are committed to not having company-wide layoffs.” “We’re actually committed to continuing to grow here,” Chen said as Adobe opened its fourth office in San Jose, Calif., with capacity for 3,000 employees. In December, Adobe laid off around 100 employees from its sales team amid the…

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ByteDance-owned TikTok has let go of its entire workforce in India, after it was banned three years ago due to concerns stemming from national security. News 

TikTok lays off entire workforce in India, cites government stance on ‘Chinese apps’

Adarsh V.K, , ,

Three years ago, India banned TikTok for national security reasons. Since then, TikTok has maintained an office but has now laid off all employees in India. TikTok’s Indian employees were responsible for the Dubai and South American markets, among others. When ByteDance failed to reach an agreement with the Indian government, it decided to lay off the entire Indian team three years later. A TikTok spokesperson said in a statement: “We have made the decision to close our remote sales support center in India, which was put in place at…

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