Tag: amazon layoff

Google and Amazon Struggle to Lay Off Workers in Europe
7Apr By adminNo Comments
Technology

Google and Amazon Struggle to Lay Off Workers in Europe

[ad_1] After announcing the largest rounds of layoffs in their history, US big tech companies are now learning how difficult it is to reduce headcount in Europe.In the US, companies can announce widespread job cuts and let go of hundreds if not thousands of workers within months — and many have. Meanwhile, in Europe, mass layoffs among tech companies have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups. This has left thousands of tech workers in limbo, unsure about whether they'll be affected by negotiations that can drag on indefinitely. In France, Google parent Alphabet Inc. is currently in talks to reduce headcount through voluntary departures, offering severance packa...
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Apple to Make Small Number of Job Cuts in Some Corporate Retail Teams
5Apr By adminNo Comments
Technology

Apple to Make Small Number of Job Cuts in Some Corporate Retail Teams

[ad_1] Apple Inc. is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter, marking its first known internal job cuts since it embarked on a belt-tightening effort last year.The company is shedding positions in what it calls its development and preservation teams, said the people, who asked not to be identified because the move hasn't been announced. Those groups are responsible for the construction and upkeep of Apple retail stores and other facilities around the world. While the number of positions being eliminated couldn't be ascertained and is likely very small, the move represents a new step for the world's most valuable company, whose peers have been slashing their ranks in the face of a shaky economy and sluggish c...
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Video conferencing star Zoom cuts staff by 15 percent
8Feb By adminNo Comments
Technology

Video conferencing star Zoom cuts staff by 15 percent

[ad_1] The company behind the Zoom video conferencing platform -- which became a household name during the pandemic -- announced Tuesday it is laying off about 15 percent of its staff. Zoom Video Communications chief executive Eric Yuan is also taking a 98 percent cut in salary this year and forgoing his executive bonus, he said in a blog post about the job cuts. He added that members of his executive leadership team are taking a 20 percent salary reduction and also forfeiting bonuses this year. While people and businesses continue to rely on Zoom "as the world transitions to life post-pandemic," the Silicon Valley-based firm is seeing customers cut back on spending, Yuan said in the post. Zoom has made the "tough but necessary" decision to lay off about 1,300 people, or roughl...
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Uber not planning layoffs: CEO
20Jan By adminNo Comments
Technology

Uber not planning layoffs: CEO

[ad_1] Ride-hailing giant Uber is not planning any company-wide layoffs, the US firm's boss said Thursday, bucking the downsizing trend in the tech sector. Ride-hailing giant Uber is not planning any company-wide layoffs, the US firm's boss said Thursday, bucking the downsizing trend in the tech sector. Uber employed some 32,600 drivers worldwide at the end of September, according to the company's last quarterly earnings report. "We're not at this point planning on any company-wide layoffs," Uber chief executive Dara Khosrowshahi said at a Wall Street Journal event on the sidelines of the World Economic Forum in Davos, Switzerland. Microsoft said Wednesday it would layoff 10,000 employees in the coming months as the economic downturn punishes US tech giants. Facebook-owner Met...
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Amazon Kicks Off Round of Job Cuts Affecting 18,000 People
19Jan By adminNo Comments
Technology

Amazon Kicks Off Round of Job Cuts Affecting 18,000 People

[ad_1] Amazon.com Inc.  has started its biggest-ever round of jobs cuts  — a culling that will ultimately affect 18,000 workers around the globe. Amazon.com Inc. has started its biggest-ever round of jobs cuts — a culling that will ultimately affect 18,000 workers around the globe. Amazon began notifying employees by email early Wednesday, Doug Herrington, the company's worldwide retail chief, said in a memo. He said the company aimed to communicate with all laid-off workers in the US, Canada and Costa Rica by the end of the day. Notifications in China will be sent after the Chinese New Year, and in other regions the company must consult with employee representatives before finalizing layoffs. The world's largest e-commerce company is grappling with slowing online sales growth an...
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Microsoft Plans 10,000 Job Cuts, To Take $1.2 Billion Charge
19Jan By adminNo Comments
Technology

Microsoft Plans 10,000 Job Cuts, To Take $1.2 Billion Charge

[ad_1] Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest names. Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry's biggest names. The company will take a $1.2 billion charge in the second fiscal quarter related to the move, which will shave 12 cents off of earnings per share, the company said in a corporate filing. The layoffs come as the software giant said it's seeing customers exercise caution, with some parts of the world in recession and others heading toward one. Microsoft is scheduled to rep...
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Tech Companies Keep Slashing Jobs in Uncertain 2023 Economy
6Jan By adminNo Comments
Technology

Tech Companies Keep Slashing Jobs in Uncertain 2023 Economy

[ad_1] Here’s a running list of the companies planning layoffs. Layoffs that began in 2022 are accelerating across some technology companies. The tech industry is slashing jobs at a pace nearing the early days of the Covid-19 pandemic. In November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 this year, according to consulting firm Challenger, Gray & Christmas Inc. It was the highest monthly total for the industry since the firm started keeping data in 2000. After a bumpy start to the pandemic in 2020, tech companies benefited from a boom in e-commerce spending and remote work boomed, triggering a hiring spree. Now, things look different. In recent earnings reports, Alphabet Inc., Meta Platforms Inc., Microsoft Cor...
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Amazon to cut 18,000 jobs as layoffs expand in tech sector
6Jan By adminNo Comments
Technology

Amazon to cut 18,000 jobs as layoffs expand in tech sector

[ad_1] Amazon.com Inc's layoffs will now include more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company's e-commerce and human resources organizations, he said. The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce and represent a swift turn for a retailer that recently doubled its base pay ceiling to compete more aggressively for talent. They also show how layoffs continue to shake the technology sector. Amazon's layoffs now surpass the 11,000 cuts announced last year by Facebook parent Meta Platforms Inc, underscoring the retailer's slide from an essential busi...
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Amazon to layoff 10,000 employees: report
15Nov By adminNo Comments
Technology

Amazon to layoff 10,000 employees: report

[ad_1] Amazon is preparing to lay off as many as 10,000 employees, making the e-commerce behemoth the latest tech giant to unleash a large-scale redundancy plan. Amazon is preparing to lay off as many as 10,000 employees, The New York Times reported on Monday, making the e-commerce behemoth the latest tech giant to unleash a large-scale redundancy plan.This would represent a little less than one percent of the group's total payroll, which had 1.54 million employees worldwide at the end of September, not counting seasonal workers who are recruited during periods of increased activity like the Christmas holidays. The Times report said the affected positions will be located in Amazon's devices department, the retail division and human resources. The distribution by country was not specif...
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Amazon layoffs coming! 10000 employees to be sacked- source
15Nov By adminNo Comments
Technology

Amazon layoffs coming! 10000 employees to be sacked- source

[ad_1] Amazon.com Inc is planning to lay off around 10000 employees in corporate and technology roles beginning this week. Amazon.com Inc is planning to lay off around 10000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date.The Amazon job cuts, earlier reported by the New York Times, would represent about 3% of Amazon's corporate staff. The exact number may vary as businesses within Amazon review their priorities, the source told Reuters. The online retailer plans to eliminate jobs in its devices organization, which makes voice-controlled "Alexa" gadgets and home-security cameras, as well as in its human-resources and retail divisions, the person said. Amazon's t...
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