Tech layoffs 2024 touch 89,000: Google, Microsoft, TikTok, Tesla and these companies cut hundreds of jobs in May – Times of India

While the tech industry experienced layoffs throughout 2024, May saw a notable decrease compared to previous months. According to layoffs.fyi, a website tracking global job cuts, 39 companies laid off a total of 9,742 employees in May. This represents a significant drop from April’s reported 21,473 layoffs across 50 companies.

Google cut jobs in core teams

Google fired around 200 employees from its Core teams.These job cuts have reportedly impacted engineering positions in Sunnyvale, California. The layoffs are reportedly part of the downsizing effort that began last year when Alphabet announced plans to reduce its workforce by about 6%.

Indeed fired 1,000 employees

The job-searching website Indeed nearly fired 8% of its workforce in May, 2024. The layoff primarily impacted the US employees of the company. The second round of layoffs affected employees in the research and development units, as well as other teams responsible for delivering products to customers.

Toshiba laid off 4,000 employees

Toshiba announced 4,000 job cuts domestically as part of company’s restructuring efforts. The job cuts represent 6% of Toshiba’s local workforce. Along with this job cuts, the company is also planning to move some office functions from central Tokyo to Kawasaki, a city west of the capital.

TikTok fired 1,000 operation and marketing employees globally

Popular short-video platform, TikTok fired 1,000 employees globally. The layoff impacted employees from the operations and marketing teams. Although TikTok has given limited official reasons for the layoffs, industry analysts speculate on several potential factors. Some suggest it may be a cost-cutting measure, particularly in response to the constantly changing regulatory environment affecting social media giants.
Walmart announced job cuts and staff relocation
Walmart is reportedly cutting jobs and asking employees at various tech hubs to relocate. These layoffs are expected to impact the company’s corporate employees, as the largest retailer has been trying to reduce its workforce for some time. The exact number of employees being laid off or asked to relocate is not yet known.
Microsoft cuts jobs in gaming division
The month of May witnessed job cuts in the gaming division of Microsoft. The tech giant reportedly closed multiple developers including the including Redfall developer Arkane Austin, Hi-Fi Rush developer Tango Gameworks, Alpha Dog Studios and more. A report by IGN claims that some of the affected employees will be relocated and others will have to depart. It is not clear whether the latest layoffs are a part of the job cuts announced by the company earlier this year.

Source link

By Exabyte News

Your ultimate source for trending news! Stay up-to-date with the latest viral stories, hottest topics, and breaking news from Exabyte News. Stay ahead with our in-depth coverage.

Leave a Reply

Your email address will not be published. Required fields are marked *