IT Layoffs

Altogether, Meta expects its headcount to be down 10 per cent by the end of the current performance cycle. That total includes an additional 5 per cent attrition from last year

Apple has reportedly fired several Indian-origin employees in the US over alleged misuse of its charity matching grants programme, with FBI probing into possible fund misappropriation

Freshworks is reducing its workforce by 13 per cent to enhance operational efficiency and focus on key strategic priorities

October's layoff numbers reveal a continuing decline, maintaining the trend established in previous months and marking one of the lowest points for layoffs since 2023

The dismissed employees pooled their credits together to maximise their purchases, taking advantage of the meal credit system over an extended period

Tech layoffs 2024: Major IT firms such as IBM, Cisco, and Microsoft have laid off over 100,000 employees across the globe in the second half of 2024

The latest round of layoffs follows Disney's recent 140 job cuts in its TV division, which was 2 per cent of its workforce, as well as 175 layoffs at Pixar, which represents 14 per cent of its staff

Earlier in the year, Cisco reduced its workforce by 4,000 employees in a previous round of layoffs that took place in February

Samsung India currently employs around 2,000 executives, meaning the layoff will affect 9-10% of its managerial workforce

Tech layoffs: Major IT firms such as Intel, IBM, and Cisco have laid off over 27,000 employees across the globe in August 2024

Cisco, the largest maker of the routers and switches that direct internet traffic, has been grappling with sluggish demand and supply-chain constraints in its mainstay business

Dell executives Bill Scannell and John Byrne communicated the layoffs through an internal memo, titled "Global Sales Modernisation Update", on August 6

Major IT firms such as Intel, Microsoft, Intuit, among others have laid off 124,517 employees across the globe till July this year

Microsoft has laid off its internal team dedicated to diversity, equity, and inclusion (DEI) due to 'changing business needs'

In May alone, 39 companies laid off a total of 9,742 employees as economic uncertainties continue to impact the tech sector's workforce

It says the decision is in "continuation of our organisation-wide efforts to become fiscally prudent" and to achieve profitability by mid-2025

Majority of the jobs cut have been within Microsoft's Strategic Missions and Technologies organisation, which aims to sell the company's cloud software and server rentals for businesses

Roles in sales, operations and engineering, consulting and "go to market" strategy were some of the positions cut

Global tech layoffs 2024: As many as 89,333 employees have been laid off across 306 tech companies in 2024 so far

Tech startups let go of more than 2,000 workers in the first quarter as funding capital reduced