Layoffs are a nightmare for skilled workers or those working in any field. During the epidemic, IT companies faced severe challenges, and layoffs became a necessary means of adjustment due to cost reductions, buyouts, restructuring and economic downturn. The development of artificial intelligence has also led to the reduction of jobs and an increase in layoffs to a certain extent. Under the current situation, many IT companies have to take layoff measures to cope with the challenges.
All major technology companies, such as Google, Amazon, Microsoft, Meta and Salesforce, plan to carry out large-scale layoffs in 2024. In the first month, 25,000 employees lost their jobs, and this situation is likely to continue later in the year, and the number of layoffs is likely to continue to increase.
The following is a list of leading technology companies announcing layoffs this year:
Microsoft announced 1,900 layoffs, mainly affecting its gaming department employees, accounting for about 8%. Microsoft Gaming CEO Phil Spencer also expressed his views.
We have made the painful decision to cut approximately 1,900 roles out of our team of 22,000 people.
Earlier in 2023, Microsoft laid off 10,000 people, one of the largest layoffs this year.
eBay is another technology giant laying off employees. They plan to lay off about 1,000 people, accounting for 9% of the total number of employees. Company President and CEO Jamie Iannone said:
We have to say goodbye to those who have made so many important contributions to the eBay community and culture, and it's not easy.
As he said, eBay's employee numbers and expenses have outpaced the growth of the business, so the layoffs occurred.
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SAP, the world's leading ERP software company, is reorganizing 8,000 positions to prepare for the artificial intelligence (AI) era.
CEO Christian Klein said:
The planned transformation program marks the next chapter for SAP, strengthening the shift of investment into strategic growth areas, especially business artificial intelligence.
As part of the restructuring plan, some employees may be laid off.
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Google is another company planning to cut jobs this year. In the second half of 2023, the company laid off several employees from its advertising sales team. Additionally, hundreds of employees across its digital assistant, hardware and other teams will be laid off in 2024. And, as Sundar Pichai of Google Central and Eastern Europe confirmed, you can expect more layoffs in the near future.
As the largest online retailer and technology provider, Amazon will also lay off employees in 2024. Hundreds of jobs have been eliminated in various departments including Alexa, streaming operations, etc.
In 2023, it laid off more than 27,000 people, its largest layoffs of the year.
TikTok, the famous short video hosting service, also laid off employees in early 2024. Its parent company ByteDance has confirmed layoffs. The layoffs mainly affected the sales and advertising departments.
Discord is an instant messaging and VoIP application. Its CEO Jason Citroën announced 17% layoffs, affecting 170 jobs in different departments. This is not the first time the company has laid off employees. In 2023, about 4% of employees will be laid off. As the CEO said, this difficult decision was made to sharpen the company's focus, increase efficiency, and be part of driving change in the technology industry.
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Twitch announced 400 layoffs in March 2023. In another round of layoffs this year, the company will cut about 35% of its workforce. This affects more than 500 jobs across multiple divisions of the live video streaming service.
Flexe is next on the list of tech layoffs in 2024. This is a warehousing and logistics company that is expected to lay off 38% of its employees. The company also laid off 131 people last year.
Another massive tech layoff has been confirmed by Unity Software, the popular cross-platform game engine. The company expects to cut 25% of its workforce as part of a "corporate reset" process. About 1,800 employees will have to leave. As the company's CEO James M. Whitehurst confirmed, this won't affect some teams across all locations, but all teams.
Xerox is an IT company that produces printers, copiers, document management solutions and other related services. In order to adapt to the changing environment in the technology field, it also restructured the company by cutting 15% of its staff.
Riot Games, a well-known video game developer, will lay off 11% of its approximately 530 employees. The layoffs were driven by cost-cutting requirements and a focus on the gaming division.
Salesforce has announced it will lay off 700 people (7%) from its entire workforce. In 2023, approximately 7,000 employees will be laid off.
Intel has also joined the layoff trend and expects to lay off employees this year. In the United States, the number of layoffs may increase to 235.
Except these big companies. Several small and medium-sized businesses have laid off employees, which is really unfortunate. While we hope these layoffs end soon, it's best to adapt to the changing environment in your field and hone your skills to stand out and keep your position.
2023 saw drastic job layoffs in the technical industry. Unfortunately, over 4 lacs of tech workers lost their jobs which is huge. What is more unfortunate is that the layoffs are not ending here. It is continuing this year as well, with thousands of employees being sacked from their jobs.
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