Twitter Inc has recently laid off almost all of its employees in India, about 90% of employees have been affected by layoffs (layoffs). It turns out that not only Twitter, other big tech companies have also laid off thousands of employees in recent months.
Quoted by India Today, Wednesday (9/11/2022) According to inc42.com, around 15,708 Indians have lost their jobs. The data includes layoffs at 44 startups, including unicorns like BYJU’S, Chargebee, Cars24, LEAD, Ola, Meesho, MPL.
While big tech companies making massive layoffs outside of Twitter, Meta, Snapchat, Apple, Microsoft, Tencent, all the way to Intel.
Meta
Facebook’s parent social media company, Meta, reported a decline in revenue in the quarter this year. The company’s revenue was recorded at $44 billion, down 52% from a year ago.
This decline prompted the company to choose to reduce its workforce, including one in India. Initially, Meta simply stopped recruiting, but the effort didn’t pay off for the company. Until they are finally forced to carry out mass layoffs.
On November 4, Elon Musk, as the new owner of Twitter, decided to cut costs and cut its 7,500 employees in half. Nearly 3,700 employees were laid off across all departments.
In India alone, around 180 of its 230 employees have been laid off across content, partnerships, content curation, sales and social marketing teams.
apples
Apple laid off 100 of its contractors last August. After that, Apple also plans not to open job openings first.
This was due to slow sales of the iPhone 14 and iPhone 14 Pro series in China. The company expects the sales decline to continue over the next holiday. As a result, the company tries to save the budget by stopping recruiting.
Microsoft
Microsoft has also confirmed that it has terminated his employment (layoffs). The company recently laid off around 1,000 employees across multiple divisions.
The company said it was reducing its workforce around the world to set business priorities and make structural adjustments.
Previously, Microsoft also made layoffs in July 2022. The amount was 1% of the total number of employees at the time, 180,000 across its offices.
There’s information from Snapchat to Intel also making mass layoffs on the next page.
See also the video: A parent Facebook would have massive layoffs
