After years of growth, companies are preparing for lean years and are cutting back on staff.
AMAZON
The online retailer wants to cut more than 18,000 jobs. A few months earlier, an insider had spoken of 10,000 jobs. This corresponds to about six percent of the approximately 300,000 employees in administration.
META PLATFORMS
The Facebook parent is cutting jobs for the first time since the company was founded in 2004. The company is suffering from collapsing advertising revenues and billions in losses from its “Reality Labs” division. Among other things, the development of the “Metaversum” is bundled there, a virtual world that company boss Mark Zuckerberg regards as particularly promising. A total of 11,000 jobs will be lost. That corresponds to 13 percent of the workforce.
INTEL
Company boss Pat Gelsinger wants to save three billion dollars at the chip manufacturer in 2023. This also included “personnel measures,” he told the Reuters news agency. He did not provide any information on the extent of possible job cuts.
MICROSOFT
According to a media report, the software group is cutting almost 1,000 of its 221,000 jobs.
TWEET
After taking over the short message service, new owner Elon Musk fired around 3,700 employees, half of the workforce.
DOORDASH
The US mother of the German food supplier “Wolt” is cutting 1,250 administrative jobs. According to the company, around 8,600 people worked for DoorDash at the beginning of 2022.
STRIPES
The online payment service provider is cutting 14 percent of its jobs. According to an internal email from the founders, the company will still have around 7,000 employees after the dismantling.
LYFT
Almost 700 people have to leave the Uber rival. That is 13 percent of the employees. The driving service agent had previously cut 60 jobs and stopped new hires.
SEAGATE
As part of its austerity program, the memory chip and hard drive provider wants to cut 3,000 jobs. This corresponds to around eight percent of the workforce.
MICRON
The memory chip specialist is shrinking its workforce by ten percent. He is also cutting back on investments because of the bleak industry outlook.
COINBASE
The cryptocurrency exchange announced two job cuts in 2022. A total of almost 1,200 employees or around 20 percent of the workforce fall victim to them.
ROKU
The manufacturer of devices for receiving video streaming services is reducing the workforce by five percent or 200 employees because of “the current economic conditions”.
CISCO
The network equipment supplier has imposed a restructuring program on itself. As part of this, five percent of the jobs could be lost.
HB
According to its own statements, the computer manufacturer is expected to cut 6,000 jobs by 2025.
SALES FORCE
At the SAP rival, every tenth job is eliminated. Based on the number of employees at the end of October 2022, around 8,000 employees have to resign. In addition, some locations are to be closed.
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