Diabytes
IT lay offs News
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This year, companies including Amazon and Google, have let go of thousands of employees.
Yahoo is the next in this long series.
Yahoo to lay off more than 20 percent of the total workforce.
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Big tech companies like Amazon, Microsoft, and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode during the COVID-19 pandemic waned.
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Katherine Wong, a project manager at Google, claimed she was let go just before starting maternity leave. She emphasised that she had received an "excellent performance review," indicating that the layoffs were not based on performance.
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Even those who are hired again after being fired are not protected because they still run the risk of losing their jobs in the future. In the previous four months, so and so, an IT professional was fired from three different companies.
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Around 3,000 tech workers are now being let off every day in January worldwide.
The frequency of firing increased because of concern about economic recession.
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Microsoft started layoffs of around 10,000 employees.
Prashant Kamani was a principal software development manager at Microsoft.
He spent 21 years in the company.
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Harshita Jhavar is a data and applied scientist at Microsoft.
She was a employee in the company in Washington.
Microsoft's this round of layoffs affects around 10,000 jobs.
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Sophos laying off about 450 people globally including in India.
Sophos is a Cyber-security company.
In March 2020, private equity firm Thoma Bravo acquired Sophos in a $3.9 billion deal.
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Amazon starts another round of layoffs.
The new move is the part of company's plan to reduce its headcount by around 18,000 people.
Amazon started its first round of layoffs last November.
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GoMechanic is the latest Indian company to join the lay offs wave.
The company has cuts about 70 percent of workforce.
The company is struggling to secure money amid grave accounting concerns.
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VerSe Innovation is the parent company of Dailyhunt and short-form video platform Josh.
The company has laid off nearly 150 employees.
The layoffs impacted about 5 percent of a 3,000-strong workforce at VerSe Innovation.
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IT outsourcing has long been one of India`s flagship industries but experts say automation, a failure to keep up with new technologies and US President Donald Trump`s clampdown on visas is creating industry-wide upheaval.
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