Key Points
Many companies such as Meta Platforms (META.O) even resorted to more than one round of layoffs as the economic outlook showed no signs of material improvement through 2023, forcing them to further tighten spending...
The e-commerce giant will cut another 9,000 jobs in its cloud services, advertising and Twitch units after announcing company-wide layoffs earlier this year that would impact over 18,000 employees.. CEO Pat Gelsinger told Reuters "people actions" would be part of a cost-reduction plan..
The ride-hailing firm said it would lay off 13% of its workforce, or about 683 employees, after it already cut 60 jobs early in 2022 and froze hiring by September last year..
Goldman Sachs began laying off staff on Jan. 11, 2023, in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter told Reuters...
The digital payments firm said it was cutting its headcount by about 14% and would have about 7,000 employees after the layoffs, according to an email to employees from the company's founders in November last year...
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