Diabytes
Tech Layoffs News
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According to the memo, no games, devices, or experiences are being cancelled and no studios will be shut down as part of these adjustments.
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Intel is set to lay off 15,000 employees, accounting for over 15 per cent of its workforce as part of a 10 billion dollars cost-cutting plan for 2025.
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The reductions are part of McKinsey’s strategy to align the size of certain capabilities.
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The goal is to enhance scalability for international growth and address the platform's slowdown in ad revenue.
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This time Google CEO Sundar Pichai warned employees in a recent memo that the company will continue cutting jobs this year to prioritize investments in artificial intelligence (AI).
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As per the reports, the team, currently based in San Diego, is facing a relocation request to Austin, Texas. Apple wants the San Diego squad to merge with its Texas counterpart.
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By 2026, Citigroup's employee count is expected to be around 180,000, down from 240,000 in 2022.
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Insider sources reveal that Meta has let go of employees in TPM roles throughout the current week, prompting those affected to make crucial decisions.
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Amazon plans significant layoffs in Prime Video and MGM Studios in the U.S., aiming to refocus streaming investments.
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The exact number of personnel that are being laid off is not disclosed yet. Google Assistant debuted in 2016 to compete with Amazon's Alexa and Apple's Siri.
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Ek acknowledged the impact on individuals who have contributed significantly to the company, stating, "To be blunt, many smart, talented, and hard-working people will be departing us."
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In May, the company had laid off about 100 employees to improve efficiencies amid a worsening global landscape for K-12 edtech.
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Users only have two months to save content before the company discontinues the service forever.
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Meta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the door in the fall.
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According to CEO Andy Jassy, the market is in a "funky situation," and Amazon has already made the difficult choice to fire 18,000 employees.
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Rajeev Chandrasekhar is the minister of state IT and Skill Development.
Rajeev Chandrasekhar said the covid pandemic pushed up demand for digital services.
18 lakh jobs have been created in the IT sector in the last two years: State IT Minister
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More than 17,400 employees in the tech industry lost jobs in February.
In 2023 so far, around 340 companies have laid off more than 1.10 lakh employees worldwide.
More than 3,300 tech employees lost jobs daily on average.
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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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12,000 workers were affected by Google's layoffs.
Ali Neil came to know about the sacking at 2 AM.
She was on mental health leave.
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