Among the tumultuous economic times, companies have decided to reduce their workforce and as a result we have seen how companies have laid off their employees amid all the corporate shifts.
72 Tech Companies Showing Pink Slips
As per a lay-off tracking website, lay-off tracking website, as many as 72 tech companies have laid off as much as 13240 employees by January 24.
Below are some of the companies that have given pink slips to their employees:
By terminating as many as 200 employees, the US-based online rental startup Frontdesk was the first company this year who started the layoffs. The company announced the layoffs in a Google Meet session which last 2 minutes.
Amazon is next in the list with its American American streaming platform, Twitch, laying off as many as 500 employees due to concerns around profitability as well as executive departures. There have been reports where it is highlighted that Amazon also plans to do the layoff from Prime Video as well as MGM studios and Audible, this count would be near 100 employees.
The global search giant, Google, has laid off as many as 100 employees from various teams like Voice Assistant teams, the advertising sales team, Pixel, Nest, Fitbit and the augmented reality team.
Meta owned photo and video sharing mammoth Instagram has shown pink slips to 60 technical program managers giving each of them a period of 60 days to seek alternative roles within the organization, failing to do so, would lead to termination of their employment.
There has been a job cut of 1000 jobs as well as work reduction for outside contractors in EBay, the reason behind this move is that the company thinks that the staffing as well as expenses have outpaced growth. Company laid off people citing being “more nimble” is important when faced with “challenging” economic environment.
Short-form video giant, Tiktok has laid off 7000 employees with a 60 job cuts. This are mostly in the sales and advertising division of the company. The affected positions belonged to Los Angeles, New York, Austin and overseas.
Instant messaging service company, Discord has reduced its workforce by 17% and this is said to have impacted 170 employees. The company hosted a virtual meeting, basis of which it informed its staff that the employees shall receive an email wherein they would know if they are affected or not.
Online retailer Wayfair has announced the lay-off of 13% of its workforce, which translates to 1650 employees. This came after a email from CEO Niraj Shah, wherein he said that the retailer is “profitable” but the employees have to work longer and use the resources of company judiciously.
Subsidiary of Tencent Holdings, Riot Games, who is known for its popular games which includes “League of Legends”, has plans to lay off 530 of its employees.
Another videogame software company, Unity software has plans to reduce workforce by 1800 people which is a part of its “company reset” as mentioned in the company’s email.
Even the smallest of workforce companies are being hit since Sam Altman-backed startup Humane decided to reduce 4% of its staff which is 10 employees.
