Jassy, who took over forAmazon founder Jeff Bezoslast year, called it the "most difficult decision" that he and his team have had to make. Amazon's announcement comes amid a larger slowdown in the tech industry, with several companies announcing layoffs in recent weeks. ...
Smartphone chipmakerQualcomm Inc.plans to eliminate 1,258 jobs, the latest in a string of cost-cutting measures it has implemented this year. These Qualcomm layoffs come as no surprise following similar trends across the tech industry. The company said in a filing with the California Employment D...
"At a time when we are doing some of our most ambitious and essential work, the global economy remains uncertain," Lansing said. "As a result, the ad industry has weakened and we are grappling with a sharp decline in our revenues from corporate sponsors." In November, the company...
The overall labor sector appeared strong in 2022 and into 2023, but the tech sector layoffs tend to be the most visible. Because the tech giants have many employees, a small percentage of layoffs still translates to thousands of people losing their jobs. Even after the dot-com bubble, the ...
All these factors combined are at the core of the tech industry slowdown. Now, let’s talk about what it means to you as an IT professional – aspiring or well-established. IT Jobs in 2023 – who should Worry about the Layoffs? We would say, as a developer, you are not at risk of...
According to a report by The Times of India, the tech industry has faced substantial layoffs in 2024, with approximately 150,000 jobs eliminated acros...
The wave oflayoffssweeping through the tech industry, surpassing 260,000 in 2023 and continuing into 2024, is signaling a broader trend that experts believe could reshape the nature of employment. Despite a robust job market in non-tech sectors, the ongoing job cuts in tech companies rai...
By all counts, 2023 will emulate 2022 in following the tech layoffs trends. According to various sources, tech layoffs in 2023 already exceeded the total number of tech layoffs in 2022, which spells bad news for both the employees and the industry. The tech industry, which was once known ...
Tech company layoffs are happening for a variety reasons. But it’s clear that the industry is in an entirely different place than it was in 2021, when dealmaking was happening at a rapid pace, and investors were jumping head first into funding rounds with sky-high valuations. ...
For the tech industry that has seen quite a bit of upheaval in the last two years, 2024 seems to be a continuation of a mix of earlier factors at play. We visualize some of the bigger layoffs in the year so far, from video game software provider Unity to big tech bastion Google. Dat...