Amazon plans to eliminate 18,000 corporate and technology jobs in a significant expansion of its cost-cutting plans, the company’s chief executive, Andy Jassy, said in an email to employees on Wednesday. The company previously planned to lay off roughly 10,000 employees late last year and early this year, The New York Times reported in mid-November. The first layoffs were … Read more
Moglix, a B2B e-commerce unicorn, has laid off 30-40 people, following a wide group of Indian firms that have reduced their personnel to cut costs since last year. “We keep an eye out for low achievers and continue to automate activities, which can impact 2-3% of individuals annually,” the company stated in a statement. Moneycontrol, … Read more
Silvergate, the crypto-focused bank that purchased Facebook’s private digital currency Diem, has written about the $196 million price it paid for the company and plans to lay off 40% of its workers.
Salesforce, San Francisco’s largest private employer, is cutting off approximately a tenth of its workforce in the first major blow to the tech industry in 2023, a reduction that may potentially imply the loss of around 7,000 jobs globally in the coming weeks. The layoffs were announced early Wednesday morning in an SEC filing and … Read more
Argo AI began its Bay Area layoffs on Nov. 1, with the last round of cuts happening on or after Dec. 31.
Twitter’s operations are still being slimmed down, and it appears that the company’s financial crash diet is leaving a foul taste in the mouths of its employees. According to the New York Times, Twitter has closed its Sacramento data center, laid off security and cleaning staff in New York, fired janitors at its San Francisco … Read more