Jobcut

A LinkedIn executive has revealed that AI isn't behind the hiring slowdown and instead blames it on rising interest rates.

Amazon is reportedly closing its AI research lab in Shanghai, a shift in strategy amid US-China tensions. This follows recent job cuts across AWS, with operational challenges for American tech firms in China. Amazon has not confirmed the lab's closure or its future plans in the region.

Microsoft plans to cut around 6,000 jobs, less than 3% of its workforce, to streamline management. The layoffs affect various departments and follow a broader trend in the tech industry amid rising costs and shifting demands.

In 2025, tech layoffs persist with over 22,000 jobs lost so far, following 150,000 cuts in 2024. Major companies like Match and CrowdStrike are restructuring, impacting thousands of employees.

After a positive interview, a Reddit user was shocked by a rejection email just five minutes later. He received mixed feedback from social media users on what might have gone wrong.

Reliance Industries Ltd. (RIL) has reduced its workforce by 42,000 jobs, or 11% of its entire workforce. Shaadi.com founder Anupam Mittal has found it ‘alarming’.

Hasbro had said in January it would cut about 1,000 full-time positions. On Monday, the company said it had already cut 800 jobs.

ICRC to cut some 1,500 jobs as humanitarian budgets seen sliding

Earlier in November 2022, the company had fired 10 percent of its workforce or about 350 employees in third such round of layoffs within a year

According to Trueup.io data, which tracks tech layoffs, so far in 2023, there have been 534 layoffs at tech companies with 153,005 people impacted (2,732 people per day).