According to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companies. So far in January, 91 tech companies have already fired 24,564 employees.
Tech major Salesforce on Friday said it’s laying off 700 employees, becoming the latest to join a growing list of firms to have cut jobs in January.
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This follows similar announcements from Alphabet and Amazon earlier in the month.
Here is a list of major Indian and global companies that have announced layoffs:
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Salesforce: Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry.
Google: Alphabet’s Google is laying off hundreds of staff working on its digital assistant, hardware and engineering teams, the company said. Meanwhile, CEO Sundar Pichai told employees in an internal memo that Google will reportedly sack more employees in the current calendar year. Pichai told his staff that the job cuts will focus “on removing layers to simplify execution and drive velocity in some areas”. X Lab, Alphabet’s division for developing new technology, laying off dozens of workers and turning to outside investors for funding. Google will also cut 100 employees at its video platform YouTube.
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eBay: eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday.
Amazon: Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce. Meanwhile, Amazon in an internal note said the company will lay off several hundred employees in its streaming and studio operations.
Twitch: Amazon’s streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported, citing people familiar with the plans.
Discord: Social chat and messaging startup Discord told employees on January 11 that it would cut 17% of its staff. About 170 jobs will be affected by the layoffs, according to an internal memo sent by founder and CEO Jason Citron.
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Xerox: IT company Xerox on January 3 announced it will reduce its workforce by 15%, which results to about 3,000 employees, to introduce a new organisational structure and operating model.
Frontdesk: US-based proptech company Frontdesk fired all 200 employees. CEO Jesse DePinto broke the news during a two-minute Google Meet call.
Pixar: Walt Disney’s (DIS.N), opens new tab Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows and now has more staff than it needs, Reuters reported on January 12.
Riot Games: Tencent Holdings’ Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
Layoffs announced by Indian startups
Swiggy: Food and grocery delivery major Swiggy has initiated another round of layoffs as it looks to prune costs and hit profitability in the run-up to an initial public offer, people aware said. The company is set to cut its workforce by 6% affecting 350-400 roles across teams like technology, call centre, and corporate roles, with senior leaders having been briefed to conduct these layoffs gradually over the coming weeks, the sources added.
Flipkart: Walmart-owned Flipkart has begun a workforce reduction exercise that could see its total team size decrease by 5-7%, according to people in the know. This will be completed by March-April as part of performance reviews being conducted currently, they said.
Cult.fit: Fitness startup Cult.fit has laid off 100-120 employees as part of a cost cutting exercise, people in the know told ET. The firm’s parent entity, Curefit Healthcare, runs several brands like Sugar.fit, Carefit and Cult.fit, and is backed by the likes of Tata Digital and food delivery major Zomato.
Paytm: Last month, One 97 Communications, parent of Paytm, laid off more than 1,000 employees at multiple units. The job cuts took place over the last few months, said one person.
