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    Job cuts: Top 15 companies that are laying off staff

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    Wednesday, March 29, 2023
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    Job cuts: Top 15 companies that are laying off staff

    Tech firms went on a hiring spree over the past several years due to high demand


    Published:  February 06, 2023 19:36 AP

    1 of 16
    TECH COMPANIES
    The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. Here’s a look at some of the companies that have announced layoffs so far. Image Credit: AP/AFP/Reuters
    2 of 16
    220826 Dell
    Dell: The computer maker reduced its payroll by 5 per cent, or about 6,600 jobs, saying that the steps it's taken to stay ahead of eroding market conditions are no longer enough. Profits have slipped over the past two quarters at the company, which employed about 133,000 people at the start of last year. Image Credit: Reuters
    3 of 16
    STOCK AMAZON
    Amazon: The e-commerce company said it must cut about 18,000 positions. That’s just a fraction of its 1.5 million-strong global workforce. Image Credit: Shutterstock
    4 of 16
    Copy of 2023-01-07T014225Z_1436824483_RC2CLY9NLM9Z_RTRMADP_3_SALESFORCE-COSTS-1674201615962
    Salesforce: The company is laying off 10 per cent of its workforce, about 8,000 employees. Image Credit: Reuters
    5 of 16
    Copy of 2023-01-10T120910Z_115727499_RC2QVS9Y8NHH_RTRMADP_3_COINBASE-LAYOFFS-1674201708910
    Coinbase: The cryptocurrency trading platform has cut approximately 20 per cent of its workforce, or about 950 jobs, in a second round of layoffs in less than a year. Image Credit: Reuters
    6 of 16
    190131 Microsoft
    Microsoft: The software company said it will cut about 10,000 jobs, almost 5 per cent of its workforce. Image Credit: Reuters
    7 of 16
    Google
    Google: The search engine giant says 12,000 workers, or about 6 per cent of its workforce, would be let go. Image Credit: Reuters
    8 of 16
    Spotify logo
    Spotify: The music streaming service is cutting 6 per cent of its global workforce. It did not give a specific number of job losses. Spotify reported in its latest annual report that it had about 6,600 employees, which implies that 400 jobs are being axed. Image Credit: Bloomberg
    9 of 16
    SAP
    SAP: Germany-based SAP, Europe’s biggest software company, said it is cutting up to 3,000 jobs worldwide, or about 2.5 per cent of its workforce, after a drop in profits. Image Credit: Supplied/Gulf News Archives
    10 of 16
    220803 PayPal
    PayPal: The digital payments company says it will trim about 7 per cent of its total workforce, or about 2,000 full-time workers, as it contends with a challenging environment. Image Credit: Reuters
    11 of 16
    IBM
    IBM: Profits fell in the most recent quarter at the technology and consulting company, but it said the 3,900 job cuts announced in late January were due to earlier sale of parts of its business. IBM sold its health care data business last year and in 2021, it spun off its legacy tech division in 2021. Image Credit: Reuters
    12 of 16
    Copy of 2023-01-19T193054Z_1643094909_RC2S9X9EIAH2_RTRMADP_3_TWITTER-MUSK-CONSUMER-ADVERTISING-1674201691384
    Twitter: In November, about half of the social media platform’s staff of 7,500 was let go after it was acquired by the billionaire CEO of Tesla, Elon Musk. Image Credit: Reuters
    13 of 16
    2019-04-14T224657Z_158796439_RC1D7F8FA300_RTRMADP_3_LYFT-BIKE-SHARE-(Read-Only)
    Lyft: The ride-hailing service said it was cutting 13 per cent of its workforce, almost 700 employees. Image Credit: Reuters
    14 of 16
     meta
    Meta: The parent company of Facebook laid off 11,000 people, about 13 per cent of its workforce. Image Credit: Reuters
    15 of 16
    Snapchat
    Snap: In August, the parent company of social media platform Snapchat said that it was letting go of 20 per cent of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after laying off more than 1,000 people, its staff would be larger than it was a year earlier. Image Credit: Pixabay
    16 of 16
    robinhood
    Robinhood: The company, whose app helped bring a new generation of investors to the market, announced that it would reduce headcount by about 23 per cent, or approximately 780 people. An earlier round of layoffs last year cut 9 per cent of its workforce. Image Credit: AP

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