Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Companies That Have Conducted Mass Layoffs In 2023. See List

Companies That Have Conducted Mass Layoffs In 2023. See List

Roughly 1,21,205 people have lost their jobs since the beginning of this year with 84,714 employees being laid off in January and 36,491 in February.

Several companies have recently announced layoffs as they adjust head counts and tighten their budgets in response to fears about the economic slowdown. Tens of thousands of employees lost their jobs due to mass layoffs. Unfortunately, this has become a common occurrence in businesses this year. As per a report in TechCrunch, roughly 1,21,205 people have lost their jobs since the beginning of this year with 84,714 employees being laid off in January and 36,491 in February.

Here is a list of companies that slashed jobs across the globe:

*  Alphabet: Alphabet Inc announced in January that it is eliminating 12,000 jobs or six per cent of its total workforce. CEO Sundar Pichai noted that the company had "hired for a different economic reality" than what it is up against today.

*  Microsoft: The company announced in January that it would cut 10,000 jobs by the end of third quarter of fiscal 2023. The layoffs will result in a charge of $1.2 billion in the second quarter of fiscal 2023, representing a negative impact of 12 cents on per share profit, Microsoft said at that time.

*  Amazon: A few months after announcing the termination of over 18,000 corporate employees in January, Amazon announced it would eliminate 9,000 corporate jobs across various business units, including its cloud computing and advertising companies.

*  Meta: Facebook-parent Meta Platforms said last week that it would cut 10,000 jobs, just four months after it let go 11,000 employees. It became the first big tech company to announce a second round of mass layoffs.

*  Twitter: After billionaire Elon Musk bought the microblogging site in late October, Twitter terminated up to 3,700 people or half of its workforce in its first round of layoffs. Since then, there have been several rounds of job cuts as the new owner of the social media platform aims to reduce costs and prevent the company from bankruptcy.

*  Zoom: Communications technology firm Zoom announced that it was laying off 1,300 employees or 15 per cent of its workforce in February. The CEO, Eric Yuan, said that he is also taking a 98 per cent cut in salary this year and forgoing his executive bonus.

*  Spotify: Music streaming firm Spotify Technology stated that it was cutting six per cent of its workforce as a part of its cost-cutting measures. The company said its Chief Content and Advertising Business Officer Dawn Ostroff will also depart.
Accenture: Accenture recently announced plans to cut 19,000 jobs or about 2.5 per cent of its workforce. The company also lowered its yearly revenue and profit forecasts.

*  McKinsey: In February, McKinsey & Co said that it was eliminating about 2,000 jobs in one of the consulting giant's biggest rounds of cuts ever. As per reports, the move is expected to focus on support staff in roles that don't have direct contact with clients.

*  IBM: IBM Corp in January announced 3,900 layoffs as part of some asset divestments and missed its annual cash target.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
×