Outlook Business Desk
In 2024, major tech companies intensified layoffs due to economic uncertainty, rising interest rates, and advancements in AI, with Microsoft, Google, and Apple leading the trend.
The company reduced top management roles by 10 per cent to improve efficiency and laid off hundreds in its advertising sales division, along with 100 employees at YouTube.
In January, the company cut several hundred employees across its streaming, studio operations, and AWS sales and tech roles.
In April, the company laid off 600 employees from its self-driving car and smartwatch projects, and in August, it cut 100 jobs in its services group.
Reduced 1,900 jobs in January, including 8 per cent of its Gaming division at Activision Blizzard and Xbox.
In August, the company slashed 15,000 jobs (15 per cent of its workforce) as part of a $10-billion cost-reduction plan after reporting weak earnings.
Dell cut 10 per cent of its workforce in August due to struggles in the PC market and launched an AI unit. Cisco laid off thousands, including 5,600 employees (7 per cent) in August, following 4,000 job cuts in February.
Tesla reduced its workforce by 10 per cent, affecting 21,473 employees across sectors. GoPro cut 15 per cent of its workforce in August as part of a cost-reduction plan, while Freshworks laid off 13 per cent (660 employees) globally in November.