More than 203,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.<\/p>\n
\n
The data show that 2023 has surpassed 2022 for global tech redundancies, with 754 tech companies laying off 203,833 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to\u00a0Layoffs.fyi.<\/p>\n
Related<\/strong>: Spotify will lay <\/strong>off 200 employees as it shakes up podcast strategy<\/p>\nThis week Spotify Technology SA
\n SPOT,
\n +0.68%<\/bg-quote>
\n announced plans to lay off approximately 200 people, or 2% of the company\u2019s workforce.\u00a0<\/p>\nIn a post, Sahar Elhabashi, head of Spotify\u2019s Podcast Business, said that the company was expanding its partnership efforts with leading podcasters from across the globe with \u201ca tailored approach\u201d optimized for each show and creator. \u201cThis fundamental pivot from a more uniform proposition will allow us to support the creator community better,\u201d she added. \u201cHowever, doing so requires adapting; over the past few months, our senior leadership team has worked closely with HR to determine the optimal organization for this next chapter.\u201d<\/p>\n
Chinese tech giant Alibaba Group Holding Ltd.\u2019s\u00a0
\n BABA,
\n -0.74%<\/bg-quote>
\n cloud unit also started cutting 7% of staff, Barron\u2019s\u00a0reported\u00a0last month, citing a source familiar with the matter. News of the job cuts was first reported by\u00a0Bloomberg.<\/p>\nNow read:<\/strong> Meta begins third round of layoffs: reports<\/p>\nFacebook parent Meta Platforms Inc.\u00a0
\n META,
\n +0.14%<\/bg-quote>
\n also\u00a0had\u00a0its latest round of layoffs in late May, according to reports, marking the tech giant\u2019s third round of cuts this year. Meta declined to comment in response to a request from MarketWatch for confirmation of the latest layoffs. The company\u2019s second round of\u00a0layoffs\u00a0in April cut technical positions, according to LinkedIn posts. Meta is in the midst of cutting 21,000 jobs in 2023 as part of what CEO Mark Zuckerberg has described as a \u201cyear of efficiency\u201d for the company.<\/p>\n\u201cSo far we\u2019ve gone through two of the three waves of restructuring and layoffs that we had planned for this year \u2014 in our recruiting and technical groups,\u201d Zuckerberg said during an April 26 conference call to discuss the company\u2019s\u00a0first-quarter results.<\/p>\n
Related:<\/strong>\u00a0Meta set for next round of layoffs<\/p>\nOther big-name tech companies have also been making cuts. In early May, Microsoft Corp.
\n MSFT,
\n +0.47%<\/bg-quote>
\n -owned LinkedIn announced plans to\u00a0cut its workforce by more than 700 employees.\u00a0The company was also\u00a0getting rid of its local jobs app in China. \u201cAs we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization (GBO) and our China strategy that will result in a reduction of roles for 716 employees,\u201d LinkedIn CEO Ryan Roslansky wrote in a May 8 email to the company\u2019s employees that was also\u00a0posted\u00a0on the company\u2019s website.<\/p>\n\u201cWe\u2019ll focus our China strategy on assisting companies operating in China to hire, market, and train abroad,\u201d he added. \u201cThis will involve maintaining our Talent, Marketing and Learning businesses, while phasing out InCareer, our local jobs app in China, by August 9, 2023.\u201d<\/p>\n
The CEO explained that, while InCareer has experienced some success in China, it \u201calso encountered fierce competition and a challenging macroeconomic climate.\u201d<\/p>\n
Related:<\/strong>\u00a0LinkedIn to lay off 700 workers and shut down its China app<\/p>\nLinkedIn has more than 20,000 employees, according to its\u00a0website.<\/p>\n
Amazon.com Inc.\u00a0
\n AMZN,
\n -0.66%<\/bg-quote>
\n conducted layoffs in Amazon Web Services and in its human-resources department, the company\u00a0said\u00a0in late April.<\/p>\nAnd in March, Electronic Arts Inc.\u00a0
\n EA,
\n -0.92%<\/bg-quote>
\n announced\u00a0its intention to slash 6% of its workforce as the videogame publisher looks to cut costs. Streaming-media company Roku Inc.\u00a0
\n ROKU,
\n +0.55%<\/bg-quote>
\n also disclosed that it\u00a0would lay off 200 employees\u00a0as part of a cost-cutting plan.<\/p>\nRelated:<\/strong>\u00a0Tech layoffs roll on as Meta and Amazon make cuts<\/p>\nA host of tech companies, including Palantir Technologies Inc.
\n PLTR,
\n -1.12%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0Twilio Inc.
\n TWLO,
\n +1.38%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0DocuSign Inc.
\n DOCU,
\n -2.50%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0Salesforce Inc.
\n CRM,
\n +2.76%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0SAP
\n SAP,
\n -0.37%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0Zoom Video Communications Inc.
\n ZM,
\n +0.60%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0eBay Inc.
\n EBAY,
\n +0.44%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0Dell Technologies Inc.
\n DELL,
\n -0.58%<\/bg-quote>,<\/span>
\n \u00a0\u00a0PayPal Holdings Inc.
\n PYPL,
\n -1.17%<\/bg-quote>
\n \u00a0,\u00a0\u00a0\u00a0International Business Machines Corp.
\n IBM,
\n +0.66%<\/bg-quote>,<\/span>
\n \u00a0\u00a0\u00a0Intel Corp.
\n INTC,
\n -1.51%<\/bg-quote>,<\/span>
\n \u00a0\u00a0Microsoft Corp.\u00a0, and Google parent Alphabet Inc.\u00a0,
\n GOOGL,
\n +0.07%<\/bg-quote><\/p>\n GOOG,
\n +0.16%<\/bg-quote>
\n have also\u00a0announced\u00a0job cuts in 2023.<\/p>\nSince Elon Musk took control of Twitter last year, the San Francisco-based company has also made significant layoffs. In March, Musk\u00a0described\u00a0laying off almost 6,500 people, or 80% of the company\u2019s workforce, as \u201cpainful\u201d and \u201cone of the hardest things\u201d he has had to do. Twitter\u2019s headcount now stands at 1,500 people, according to Musk.<\/p>\n
Additional reporting by Emily Bary, Jon Swartz and Anviksha Patel.<\/em><\/p>\n<\/p><\/div>\nRead the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"More than 203,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The data show that 2023 has surpassed 2022 for global tech redundancies, with 754 tech companies laying off 203,833 employees since the start of the year. Last year, 1,024 tech companies laid […]<\/p>\n","protected":false},"author":1,"featured_media":20861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-20860","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\n
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