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MindStick Layoffs in tech space in 2024: over 34,000 employees lose their jobs
Over 34,000 tech employees have been laid off in 2024 as the industry faces a storm of factors, like increased automation, AI adoption, and financial constraint
Facebook is planning another round of layoffs, and staff in this division may be let go today.
This round of layoffs may result in job losses in the Metaverse division.
Read the company's announcement about Byju's plans to eliminate up to 5,000 jobs.
Byju's, an Indian edutech company, is planning to cut up to 5,000 jobs in the coming weeks as part of a restructuring of its business.
Microsoft Continues Job Cuts in Surface, Xbox, and HoloLens
Phil Spencer, CEO of Xbox, wrote staff on Thursday to inform them of the layoffs without specifying which areas of his business were affected.
12,000 jobs will be lost by Google Parent Alphabet
There will be a 6% reduction in Alphabet's global workforce, and this will immediately have an impact on US employees.
Microsoft will eliminate 10,000 jobs due to a slowdown in consumer purchasing
Microsoft announced that as it prepares for slower top-line growth, it would lay off 10,000 employees and take a $1.2 billion charge.
Google might fire underperforming employees in 2023 using a performance management system.
According to reports, Google managers have been instructed to label 6% of their workforce as low performers based on how they affect the company.
With collapse of FTX, Genesis alerts investors to the possibility of bankruptcy without new funding.
Genesis has been working for several days to find investors in order to raise $1 billion (approximately Rs. 8,118 crore) in financing.