As a result of falling profits, investment giant Goldman Sachs has begun a massive round of job cuts all over the world. Up to 3,200 employees, or around 6.5 percent of the bank’s workforce, including UK employees, will be affected by the cuts. Due to economic uncertainty putting lenders under pressure, the cuts are among […]
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Andy Jassy, CEO of Amazon, confirmed the upcoming layoffs. Amazon will be laying off more than 18000 employees, many of whom hail from India, will be affected by layoffs. In the past, reports suggested that Amazon might lay off nearly 1,000 people in various departments in India, including technology and human resources. Amazon appears to […]
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According to a data tracker, technology-driven businesses in all sectors have been cutting jobs at the fastest rate since the COVID-19 pandemic shocked the global economy in 2020. In 2022, employers in the declining tech industry collectively cut more than 150,000 jobs. According to the site’s data, that number is comparable to approximately 80,000 layoffs […]
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Meta’s chief executive officer Mark Zuckerberg, confirmed that Meta will start laying off employees globally, the Wall Street Journal reported. Mark Zuckerberg addressed Meta’s executives, highlighting large cuts in the staffs. Mark Zuckerberg also mentioned recruiting and business teams as groups, which would see layoffs, adding an internal announcement of Meta’s layoff plans. Mark Zuckerberg […]
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