A wave of mass layoffs has hit several major companies, including Tesla, Google, and Apple, resulting in over 20,000 employees losing their jobs. Until April 2024, tens of thousands of jobs were cut, impacting over 70,000 people in the tech sector this year.
Apple has laid off 614 employees, marking its first significant job cuts since the pandemic began. The affected employees were part of Apple’s special projects group, some of whom were involved in the now-cancelled self-driving car project. There are indications that the actual number of job losses could be higher, as some employees based overseas also lost their jobs.
Google has laid off a “lot” of employees across teams, including those working on Python, Flutter, and Dart. This move is part of a restructuring effort, and affected employees have the option to apply for other open roles within the company.
Amazon is cutting hundreds of jobs in its cloud computing division, affecting sales, marketing, and technology teams for brick-and-mortar stores. This layoff is part of the company’s effort to streamline targeted areas and focus on core business objectives.
Intel has confirmed that it is laying off approximately 62 employees at its headquarters in Santa Clara, California. This layoff is part of a reorganisation led by Christoph Schell in the Sales and Marketing Group.
AWS cut several hundred jobs in April, including employees in sales, marketing, and tech roles. This move is part of Amazon’s effort to streamline its organization in targeted areas.
Edtech company Byju’s laid off around 500 employees, nearly 3% of its workforce, due to a funding crisis and unrest among investors. This layoff affects sales, marketing, and teaching roles as part of ongoing restructuring.
Tesla has sacked thousands of employees across multiple divisions, aiming to reduce its global headcount by around 10% amid weakening sales and intensifying price competition.
Ola Cabs is laying off around 10% of its workforce, or 200 employees. Hemant Bakshi, the CEO of Ola Cabs, resigned only four months after taking the position, with Bhavesh Aggarwal, one of Ola’s co-founders, taking over day-to-day operations following Bakshi’s departure.
Health tech startup Healthify laid off 150 employees, about 27% of its workforce, in a restructuring exercise primarily impacting sales and product teams. The CEO confirmed the layoffs, stating the restructuring aims to make the India business profitable and expand in the US market.
Home appliances maker Whirlpool fired around 1,000 salaried employees globally as part of its cost-cutting efforts, expected to save up to $400 million in costs this year.
Take-Two Interactive, the publisher of GTA 6, is laying off around 5% of its workforce and cancelling several projects in development as part of its business restructuring.
Norwegian telecom company Telenor has announced the sacking of 100 employees and a significant reduction in the number of temporary staff and consultants in its Norwegian unit as part of a reorganisation, also closing a call centre in the city of Rorvik.