Big tech job cuts keep coming; Dell latest to trim headcount

The tech business began the yr with a wave of job cuts, round 50,000 in January alone, and there does not look like any let up this month. The laptop maker Dell stated Monday that it is slicing about 6,600 jobs. Large and small tech corporations went on a hiring spree in over the previous a number of years attributable to a requirement for his or her merchandise, software program and companies surged with hundreds of thousands of individuals working remotely. However, even with all the layoffs introduced this yr, most tech corporations are nonetheless vastly bigger than they have been three years in the past. Here’s a take a look at a few of the corporations which have introduced layoffs to date.

February 2023

Dell: The laptop maker lowered its payroll by 5%, or about 6,600 jobs, saying that the steps it is taken to remain forward of eroding market situations are now not sufficient. Profits have slipped over the previous two quarters on the firm, which employed about 133,000 folks at first of final yr. The largest drop-off ever in PC deliveries was recorded final yr after a surge in purchases through the pandemic. Dell’s shipments dropped 16%.

January 2023

Amazon: The e-commerce firm stated it should reduce about 18,000 positions. That’s only a fraction of its 1.5 million-strong world workforce.

Salesforce: The firm lays off 10% of its workforce, about 8,000 workers.

Coinbase: The cryptocurrency buying and selling platform cuts roughly 20% of its workforce, or about 950 jobs, in a second spherical of layoffs in lower than a yr.

Microsoft: The software program firm stated it’s going to reduce about 10,000 jobs, virtually 5% of its workforce.

Google: The search engine large turns into the latest within the business to say it should regulate, saying 12,000 employees, or about 6% of its workforce, could be let go.

Spotify: The music streaming service is slicing 6% of its world workforce. It didn’t give a particular variety of job losses. Spotify reported in its newest annual report that it had about 6,600 workers, which suggests that 400 jobs are being axed.

SAP: Germany-based SAP, Europe’s largest software program firm, stated it it slicing as much as 3,000 jobs worldwide, or about 2.5% of its workforce, after a store drop in income.

PayPal: The digital funds firm says it’s going to trim about 7% of its whole workforce, or about 2,000 full-time employees, because it contends with a difficult atmosphere.

IBM: Profits fell in the latest quarter on the know-how and consulting firm, nevertheless it stated the three,900 job cuts introduced in late January have been attributable to earlier sale of elements of its business. IBM bought its well being care information business final yr and in 2021, it spun off its legacy tech division in 2021.

November 2022

Twitter: About half of the social media platform’s workers of seven,500 was let go after it was acquired by the billionaire CEO of Tesla, Elon Musk.

Lyft: The ride-hailing service stated it was slicing 13% of its workforce, virtually 700 workers.

Meta: The mother or father firm of Facebook laid off 11,000 folks, about 13% of its workforce.

HP: The laptop maker cited financial challenges in asserting job cuts of as many as 6,000 positions over the following three years. Sales of PCs suffered essentially the most extreme drop-off ever as a surge of tech shopping for by hundreds of thousands working from house started to fade.

August 2022

Snap: The mother or father firm of social media platform Snapchat stated that it was letting go of 20% of its workers. Snap’s workers has grown to greater than 5,600 workers in recent times and the corporate stated on the time that even after shedding greater than 1,000 folks, its workers could be bigger than it was a yr earlier.

Robinhood: The firm, whose app helped carry a brand new technology of buyers to the market, introduced that it might cut back headcount by about 23%, or roughly 780 folks. An earlier spherical of layoffs final yr reduce 9% of its workforce.

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AP Technology Writer Michael Liedtke contributed to this report from San Francisco.