Layoffs persist, and tech corporations are still laying off staff. As of the second week of February, several well-known corporations had announced massive job layoffs.
Job layoffs continue, and tech corporations are still laying off staff. As of the second week of February, several well-known corporations had announced massive job layoffs, resulting in tens of thousands of job losses since the start of the year. Here are the tech companies that have made cuts this week.
As of the second week of February, the trend of layoffs continues in the tech industry, with several big corporations announcing significant job cuts. Since the start of the new year, these companies have laid off tens of thousands of employees. The following tech companies have recently announced big job layoffs this week.
Amazon continues its layoffs, this time affecting its One Medical and Amazon Pharmacy units. The corporation confirmed the termination of “a few hundred roles,” with some sources claiming up to 400 jobs could be cut. Amazon Health Services Senior Vice President Neil Lindsay indicated that the company is reallocating resources to deliver the greatest possible experience for customers and members. The affected team members will be supported by the company in their next actions.
Snap, Snapchat’s parent company, has stated that it will lay off about 528 employees, or nearly 10% of its global staff. Snap indicated that this restructuring will allow them to focus on their core priorities while investing progressively to support long-term growth.
Licious, a meat delivery startup, has laid off 80 people, or around 3% of its workforce. The corporation has described the decision as an “operational reset” to refocus on growth. As of January, the company employed around 3,000 employees. Licious announced on Friday that it has over ₹800 crore in cash from prior funding rounds.
Grammarly, a prominent spell-checking and grammatical correcting service, has fired off over 230 individuals, or nearly 23% of its workforce. Rahul Roy-Chowdhury, CEO, explained that the layoffs were due to the growing importance of AI and the company’s focus on fostering AI-enabled workplaces.
DocuSign, an e-signature company, revealed a restructuring plan on Tuesday. 6% of its personnel will be laid off, primarily in sales and marketing. DocuSign employs 7,336 employees; therefore, around 440 jobs will be affected. The initiative intends to increase financial and operational efficiency.
Bending Spoons, the business behind Evernote, is shifting Meetup’s operations from the United States to Europe, where it is headquartered. Bending Spoons CEO Luca Ferrari acknowledged in a blog post that the transaction will result in layoffs. The layoff news has already been relayed to the whole Meetup crew.
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