Written By: Surabhi Shaurya | Updated: Jan 5, 2023, 2:24 PM
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Amazon on Thursday confirmed it is laying off around 18,000 employees and several teams will be impacted, especially Amazon Stores along with People, Experience and Technology (PXT) organisations.
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Video sharing platform Vimeo has announced that it will be laying off 11 per cent of its workforce amid a decline in economic conditions. The announcement was made by Anjali Sud, CEO of Vimeo, in an online letter, noting that "those whose jobs are affected have received emails and invitations for meetings with their team leaders and HR".
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Salesforce lays off over 7,000 workers as it hired 'too many people' in pandemic
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The boss of Goldman Sachs has told staff that he will make job cuts early next month, as the US investment bank seeks to improve its profits amid concerns over the global economy, the media reported. The bank is reportedly considering cutting about 8 per cent of its 49,000 employees, which could equate to as many as 4,000 job losses. It is also thought to be considering cuts to its bonus pool of up to 40 per cent, The Guardian reported.
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TikTok's China-based owner ByteDance has laid off hundreds of workers across multiple departments. The layoffs affected employees at Douyin, the Chinese version of TikTok with 600 million daily active users, as well as its gaming and real estate operations, reports the South China Morning Post, citing sources.
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