Sunday, January 29, 2023

‘Tech’ layoffs ranking: These are the tech companies that have laid off the most in recent months

Today’s technology companies have an unprecedented rivalry: from competing to see who generates the most revenue The question is which one fires more people from its workforce.,

In less than a year, tech is no longer the ideal place to work, as it was during the COVID-19 pandemic and by the end of 2021, all companies in the sector are set to skyrocket in both revenue and numbers. Was globals.

With the advent of inflation, which broke out in early 2022 due to the war in Ukraine, and the radical deterioration of the economy internationally, the rapid increase in personnel has become a problem for companies. the big tech who are cutting staff like never before.

‘Big Tech’ mass layoffs put great talent on a tray for ‘startups’, but their founders are skeptical when it comes to hiring

What’s more, there are already people in this field who consider what the maximum technology always advances which has been in place since the end of the global recession in 2011, is it correct or should it be reconsidered in the light of recent events?

special site Tradingpedia Based on both public announcements and information from the Layoffs.FYI website, I’ve compiled my own exclusive ranking of the companies with the most layoffs in 2022, and I thought it was a good idea. Update it with the latest developments in the sector,

1. Amazon: 18.000 people

El Ceo De Amazon, Andy Jessie.

Amazon takes the gold: It will furlough 18,000 workers from its offices, the biggest cut in its history, as announced in early January. The American giant is the world’s largest employer with 1.52 million people worldwide, and has also held records in this sector.

Its CEO, Andy Jassy, ​​has pointed to “economic uncertainty” and the excessive pace of hiring in the past as the main reasons for the layoffs.

2. Google: 12,000 employees

Google Ceo Sundar Pichai

Google is moving slowly, but it enters the rankings strongly and gets silver: It downsizes its workforce 6%, with 12,000 employees affectedAs announced this week.

Google CEO Sundar Pichai has justified the layoffs due to the current complex economic situation and the contrast to the sector’s growth, especially during the COVID-19 pandemic.

3. Target: 11,000 employees

Mark Zuckerberg Is Facing Huge Losses In Meta Shares

Facebook’s parent company, Meta, was one of the first companies to announce mass layoffs in 2022 due to the company’s continuing negative economic results, starting in late 2021.

Mark Zuckerberg’s company eliminated 11,000 jobs in November, 13% of its workforce, which has affected almost all departments, including the Metaverse division, on which the company has been betting recently. Its division in Spain has also been affected, with 18% of the total workforce.

4. Microsoft: 10,000 layoffs

Microsoft Ceo Satya Nadella.

One of the tech giants Microsoft Remains behind the podium of companies in the sector that cut the most lay off 10,000 employeesWhich is equal to 6% of the total announced this week.

By making this decision, according to its CEO, Satya Nadella, the technology giant will also try to align its “cost structure” with its revenue to try to meet customer demand.

5. Cisco: 4,100 people

Cisco Ceo Chuck Robbins.

Away from the podium position is Cisco, a technology company with a long history that in November decided to lay off 4,100 people, 5% of its workforce, as part of a restructuring plan.

580 million plan seeks to “rebalance the organisation”, according to company executives, which will now have a strategy focused on areas such as business network and security.

6. Platoon: 4,000 people

A Person Using A Peloton Bike

Exercise bike maker Peloton has also faced its own test in addition to the rest of the sector’s woes. Their growth skyrocketed with the pandemic and the need to exercise at home didn’t last long and it didn’t take long for their business to take a hit.

The collapse of its shares and its value on the stock market – it was worth $50,000 million – has prompted the company to lay off more than half its workforce, with 4,000 job cuts.

7. Twitter: 3,700 employees*

Elon Musk And Twitter Logo

Twitter has undoubtedly been one of the most determined technology companies out there. In their case, it was not only because of the economy, but also because of the buyout by Elon Musk, which although agreed upon in May, was not formalized until late October.

Days after taking office and deleting Twitter, 3,000 of the social network’s 7,500 employees were laid off, including the entire workforce in Spain. An ultimatum from Musk has further reduced their ranks, and It is estimated that the final number of people affected is 3,700, but it could be much higher.

8. Salesforce: 2,500 employees*

Marc Benioff, Co-Founder And Co-Ceo Of Salesforce.

in the matter of sales force This is pretty special: The company has already confirmed that layoffs will happen but they aren’t expected until February 2023. with a certain tendency to deafness

Initial estimates put Salesforce’s layoffs at around 2,500 employees, but it is feared that they could later reach as high as 10% of the total workforce. We will have to wait till the end of the financial year to know the exact data.

Special mention. Wallbox: approximately 210 layoffs*

Wallbox Ceo Enrique Asuncion

from Spain wallbox This is far from the data of previous companies, but I put it here because it is one of the Spanish technology companies, which also joined the trend of layoffs in 2023.

This week it announced it would restructure its workforce of 1,400 people, 80% of whom are in Spain. Deduction of 15% of the total salary, or 50 million euros. The final number of layoffs, which could be around 210 people, will depend on salaries.

Nation World News Desk
Nation World News Desk
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