Microsoft Corp:
The US tech giant said it will cut 10,000 jobs by the end of the third quarter of fiscal 2023.
The company laid off fewer than 1,000 employees across multiple divisions in October, Axios reported, citing a source.
Amazon.com Inc:
The company-wide layoffs will affect over 18,000 employees, the e-commerce giant said.
Meta Platforms Inc:
Facebook-parent said it would cut 13% of its workforce, or more than 11,000 employees, as it grapples with a weak advertising market and rising costs.
Intel Corp:
CEO Pat Gelsinger said “people actions” would be part of the cost reduction plan. The chipmaker said it would reduce costs by $3 billion in 2023.
Twitter Inc:
The social media company has aggressively cut teams from communications and content curation to product and engineering following its $44 billion acquisition by Elon Musk.
Lift Inc:
The ride-hailing firm said it would lay off 13% of its workforce, or about 683 employees, after cutting 60 jobs earlier this year and hiring in September.
Salesforce Inc:
The software company said it would lay off about 10% of its workforce and close some offices as part of its restructuring plan, citing a challenging economy.
Cisco Systems Inc:
The networking and collaboration solutions company said it would conduct a reorganization that could affect about 5% of its workforce. The effort will begin in the second quarter of fiscal year 2023 and will cost the company $600 million.
HP Inc:
The computing device maker said it expected to cut 6,000 jobs by the end of fiscal 2025.
Rivian Automotive Inc:
The company is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, prepares for an industry-wide price war.
Match Group:
The Tinder parent said it would lay off about 8% of its workforce, a day after forecasting first-quarter revenue below Wall Street’s expectations.
Dell Technologies Inc
The company will eliminate about 6,650 jobs, or 5% of its global workforce, as the PC maker grapples with falling demand and economic uncertainty.
zoom video communication
The company said Tuesday it will cut about 1,300 jobs as demand for its videoconferencing services slows as the pandemic subsides, and take a related charge of up to $68 million.
eBay Inc
E-commerce firm eBay Inc said on Tuesday it would lay off 500 employees globally, which is 4% of its total workforce.