![]() tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Spotify Technology SA: Music streaming service Spotify is cutting 6% of its workforce, or roughly 600 roles.Īlphabet Inc: Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo. IBM Corp: The software and consulting firm said it will lay off 3,900 employees. Meta Platforms Inc: The Facebook-parent said it would cut 10,000 jobs, just four months after it let go 11,000 employees. Here are some of the job cuts by major American companies announced in recent weeks. companies between January and February touched the highest since 2009, according to a report by employment firm Challenger, Gray & Christmas Inc. Interest rate hikes by global central banks to tame stubborn inflation have weighed on consumer and corporate spending, affecting the outlook for companies from Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Morgan Stanley. firms rein in costs in anticipation of a global economic downturn. Reuters | Updated: 20-03-2023 20:37 IST | Created: 20-03-2023 20:37 ISTĪ Inc said on Monday it would cut 9,000 jobs in its cloud services, advertising and Twitch units in a fresh round of layoffs, as U.S.
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