A report published earlier this year by Indian recruitment firm Avsar had suggested that in 2023, blue collar jobs would grow by nearly 12% vis-à-vis that in 2022.
The laid-off employees are said to be from Amazon's San Diego gaming studio and Prime Gaming, which caters to members of the company's main loyalty program.
In November 2022, Unacademy laid off around 10 per cent of its workforce which is around 350 employees at that time, as funding winter deepens for the Indian startup ecosystem.
Accenture Plc lowers annual revenue and profit forecasts and plans to cut 2.5% of its workforce, or 19,000 jobs, due to declining corporate spending on IT services.
If Google, Twitter or Facebook or any of these customers actually lay off people in the US, it's not that they don't need to build products. They still need to continue to do their work and I believe that a lot of that work will come to India, said GlobalLogic President and CEO Nitesh Banga said.
Meta layoffs 2023: The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard, The Wall Street Journal reported on Friday (March 10).
Twitter layoff: A heated conversation between Elon Musk and a former-Twitter employee went viral in which the former apologised.
Video communications company Zoom has made headlines again after abruptly firing its president, Greg Tomb, who was hired just eight months ago. The move comes just a month after the company announced layoffs of around 1,300 employees.
It reported $319 million in net income for the quarter, up from $55 million a year earlier. In its shareholder letter, Airbnb said it's seeing continued strong demand at the start of 2023.
Meta plans to push certain executives into lower-level roles without direct reports. The managerial hierarchy between CEO Mark Zuckerberg and the company's interns will effectively be flattened as a result.
Mark Zuckerberg has announced 2023 as "the year of efficiency" for the company which has led to rumors that the company would be laying off more employees in coming months..'
Yahoo layoffs: The layoffs will help the company to go on offense and invest more in businesses that are profitable. According to the company, 12 per cent of the workforce (around 1,000 employees) would be laid off on Friday.
TikTok has fired its entire Indian staff, almost three years after being banned in the country. The employees, who served the Brazilian and Dubai markets, were informed that February 28 would be their last day and were promised nine months of severance pay.
Disney employees lay off: Entertainment giant Disney is laying off 7,000 employees to cut costs, its CEO Bob Iger has announced.
Computer maker Dell is going to lay off 6,650 employees. This decision of the company will affect 5 percent of its employees.
Layoffs continue in the technology sector. The latest IT company is Zoom that announced a 15% job cut.
Layoffs continue: Aerospace company Boeing is the latest entrant in the group of big organizations that announced job cuts citing slowdown and other reasons.
According to Zuckerberg, the Facebook parent will also seek to reduce non-performing or unimportant initiatives and enhance the execution of priority.
Tommy York, who is based in San Francisco in the US, wrote in a LinkedIn post that his mother died in December 2022 after battling stage-four cancer.
According to reports, the layoffs are the result of the company not meeting its annual cash target, and revenue expectations in the fourth quarter.
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