Google Cloud has laid off people in strategy, recruiting, and go-to-market teams. Microsoft has also shut down AltspaceVR virtual reality-based social platform it acquired in 2017. Amazon will also shut down its charity donation programme "AmazonSmile".
The newspaper shut its Sunday magazine and laid off 11 newsroom employees late last year. The publication has struggled to expand its subscription business, with fewer paying subscribers last year than the three million it had in 2020.
According to reports, the micro-blogging site may cut more jobs in the coming weeks.
Amazon confirmed the layoffs and their massive scale, saying that including the ones from last year, fresh round, and potential additional cuts in 2023, they would affect 18,000 employees overall.
Economic slowdown has left a huge impact on the tech industry, as top companies including Amazon, Twitter, and Salesforce announce layoffs and cost-cutting measures in 2023
Reports first surfaced last month that the networking giant Cisco is gearing up to lay off over 4,000 employees in a "rebalancing" act while "rightsizing certain businesses".
The company's decision to cut jobs comes after chief executive David Solomon announced plans to curtail "Main Street" banking ambitions, reports The Financial Times.
A report last month claimed that Alphabet is gearing up to lay off about 10,000 "poor performing" employees, or 6 per cent of its workforce. According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan.
Elon Musk claimed that Twitter is now actively hiring for positions in engineering and sales, reports suggested.
Alphabet has a workforce of nearly 187,000 employees and is yet to comment on the reported mass layoffs that may hit the company in days to come or early next year.
Amazon begins layoffs: The company's notification to regional authorities in California stated that it would lay off around 260 employees at various facilities, including data scientists, software engineers and other corporate workers.
Soon after the layoffs began, several Amazon employees took to LinkedIn and posted for new jobs, saying they have been asked to leave.
The company has given charge of Meta India Public Policy to Shivnath Thukral who is currently serving as Director of WhatsApp Public Policy in India.
Amazon’s layoffs come just weeks after Twitter’s new owner billionaire Elon Musk reduced the social media’s workforce by half and Meta announced it will lay off 13 per cent of its workforce or 11,000 employees.
Udaan's chief financial officer Aditya Pande wrote in an email that the total funds raised by Udaan through convertible notes and debt in the last four quarters have crossed $350 million, making it one of the largest structured instrument fund raises in the country.
Elon Musk twitter: The Tesla CEO also instilled suspicion amongst social media users when he tweeted on his Twitter "Let the good times roll" shortly after he acquired the social media platform and closed the deal.
Intel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs.
Twitter buyout deal was earlier stalled by Elon Musk after he alleged the social media giant misrepresented the number of fake “spam bot” accounts on its platform.
The paper from the Brookings Institution by Johns Hopkins macroeconomist Larry Ball with co-authors Daniel Leigh and Prachi Mishra of the International Monetary Fund (IMF) found that "this unemployment path returns inflation to near the Fed's target only under optimistic assumptions".
The job cuts at Ford are effective September 1, a spokesman said.
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