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Amazon CEO Signals More Layoffs Ahead in Aggressive Cost-Cutting Push
StartupTalky
·
1m ago
Medial
Amazon's CEO Andy Jassy recently communicated to employees about potential future layoffs as part of an enhanced focus on artificial intelligence (AI). He indicated that AI's integration into Amazon operations could lead to workforce restructuring, cutting some roles while increasing others. Jassy highlighted the transformative impact of generative AI on business operations and consumer experiences. The company is investing heavily in AI, using it in areas like Alexa development and enhancing internal processes to boost efficiency and competitiveness.
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Amazon's Devices Team Faces 100 Job Cuts in Strategic Shift
StartupTalky
·
2m ago
Medial
Amazon's Devices and Services group has cut 100 jobs as part of its strategic shift, aiming to improve team efficiency and better align with its product roadmap. This move reflects a broader restructuring effort as Amazon deals with a challenging economic climate and focuses on cost-cutting strategies to boost profitability. CEO Andy Jassy emphasizes achieving more with fewer resources, stressing meritocracy over bureaucracy within the company's culture, amidst ongoing layoffs in the tech sector.
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Google layoffs 2025: Tech titan offers buyouts to U.S. employees—are layoffs next?
Economic Times
·
1m ago
Medial
Google has introduced voluntary buyouts for U.S. employees across various divisions, including Knowledge and Information, marketing, and research, raising concerns about potential layoffs as part of cost-cutting measures. This "voluntary exit program" allows employees to leave with a severance package. Although not confirming more layoffs, Google aims to streamline teams amidst its restructuring efforts that began in 2023 with 12,000 role cuts. Additionally, remote workers near Google offices are being called back as part of a hybrid work push.
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Focused cuts and fewer layers: Tech layoffs enter a new phase
Economic Times
·
1y ago
Medial
Tech companies, including Amazon, Google, and Microsoft, have started a new phase of cost-cutting, making targeted job trims and focusing on key projects while doing more with less. These layoffs come after years of booming global economy and near-zero interest rates. The pandemic caused many companies to over-hire, and now they are making strategic cuts to areas with reduced investment plans. Smaller startups are also cutting staff to stay afloat. In the first 30 days of this year, around 100 tech companies have seen 25,000 layoffs.
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Lyft profit beats estimates as benefits from cost cuts kick in
Reuters
·
1y ago
Medial
Lyft reported better-than-expected profits in the fourth quarter and projected positive free cash flow for 2024, as the ride-share platform reaps the rewards of cost-cutting measures. The stock surged approximately 25% in after-hours trading. Lyft implemented an aggressive restructuring plan, including layoffs and streamlining management layers, under the leadership of CEO David Risher. The company's focus on improving airport pickups and implementing new features contributed to its growth. Lyft also mentioned its partnership with Motional in providing over 100,000 self-driving rides.
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Intel jobs cuts begin: 20% workforce cut, key units shut, and roles outsourced; Check company's layoff policy - The Economic Times
Economic Times
·
1m ago
Medial
Intel, under CEO Lip-Bu Tan, is implementing major cost-cutting measures resulting in layoffs affecting up to 20% of its workforce. The company is closing its automotive chip unit in Germany and outsourcing its marketing operations to Accenture to streamline leadership and reduce complexity. The initial layoffs have begun in California, impacting engineers and senior managers. These measures aim to make Intel leaner and more efficient, focusing on core client and data center portfolios.
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A comprehensive list of 2024 tech layoffs | TechCrunch
TechCrunch
·
7m ago
Medial
The tech industry has seen a persistent wave of layoffs in 2024, following cuts in prior years. Over 130,000 jobs have been eliminated across 457 companies, including major players like Tesla, Amazon, Google, Microsoft, and TikTok. Many smaller startups have also experienced layoffs or shut down. This downtrend reflects tech companies' increased focus on AI and automation, impacting jobs once considered safe. These layoffs highlight the human cost amidst the ongoing push for innovation.
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A comprehensive list of 2025 tech layoffs | TechCrunch
TechCrunch
·
2m ago
Medial
In 2025, tech layoffs continue, with over 150,000 job cuts across 549 companies last year and 22,000 more this year. Major firms like Amazon, Microsoft, Meta, and Intel reduced their workforce significantly. Reasons include cost-cutting, efficiency improvements, AI adoption, and economic uncertainty. Affected sectors span cloud services, cybersecurity, edtech, and more, highlighting the human impact amid rapid technological advancements. This trend is tracked to assess its effect on innovation and the industry landscape.
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Tech layoffs in 2024: New Year off to a brutal start as Amazon, Google, others fire thousands
Economic Times
·
1y ago
Medial
In early 2024, amid economic challenges, tech and startup layoffs continue, with 48 companies cutting 7,528 jobs by January 15. Major players like Google and Amazon plan more layoffs to manage costs. Online rental platform Frontdesk initiated 2024's first layoffs, dismissing its 200-person workforce in a swift Google call. Notable layoffs in 2024 include Google, Amazon Audible, Amazon Prime Video, Amazon’s Twitch, Discord, Unity Software, and Xerox, indicating a potentially challenging year for the tech industry following 2023's massive job cuts.
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Year ender 2024: The year that saw big tech job cuts surge
Economic Times
·
7m ago
Medial
In 2024, major tech companies like Google, Amazon, Apple, and Microsoft significantly increased layoffs due to economic uncertainties and technological advancements, particularly in AI. Google cut top management and advertising roles; Amazon downsized its streaming and AWS divisions; Apple laid off employees in self-driving and services groups. Microsoft, Intel, Dell, Cisco, Tesla, GoPro, and Freshworks also made notable workforce reductions, targeting cost-cutting and restructuring efforts amid challenging market conditions.
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Simpl fires 100 employees in a bid to cut costs
Internet
·
1y ago
Medial
Simpl, a buy-now-pay-later startup, laid off over 100 employees across verticals in a cost-cutting measure, marking its first such action in 2024. The layoffs, announced by CEO Nitya Sharma, impacted high-level employees. Simpl cited a commitment to improving operational efficiency and profitability as reasons for the layoffs. Severance terms remain unclear. This move follows similar actions taken by Simpl in 2023 amid uncertain economic conditions.
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