Tech Layoffs News

Verizon layoffs: American telecommunications company is set to reduce 15,000 jobs as subscriber growth slows down and competition rises.

Elon Musk-led artificial intelligence firm xAI has reportedly laid off at least 500 employees from its data annotation team, citing a lack of need for them. The firm also announced that it is hiring specialised roles in the same team to train the in-house chatbot Grok.

Google plans to reduce its workforce from the teams of advertisement, sales, and marketing departments, along with engineering staff from its Hyderabad and Bengaluru offices in India, as per media reports. However, the tech major has not confirmed the news yet.

Tech layoffs 2024: The tech industry continued its downward spiral in August 2024, with over 27,000 job cuts announced by 40+ companies. This brings the total tech job losses for the year to over 136,000

Tech layoffs2024: Apple has announced 100 job cuts in its digital services group even as the iPhone maker is expanding its operations in India, which is expected to create around 600,000 jobs.

Amazon's gaming streaming unit Twitch is laying off 500 employees due to financial struggles. Audible, another division of the company, is also planning to cut 5% of its workforce.

Layoffs in 2023: As the sun sets on 2023, a stark reality hangs heavy over the Indian tech landscape - downsizing. Over 15,000 employees across nearly 100 startups were handed pink slips this year, a chilling echo of a prolonged funding winter and challenging global conditions.