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Looks like TikTok employees are the latest victims of the tech layoffs, according to new report
Business Insider
·
1y ago
Medial
TikTok is reportedly planning to lay off a significant number of employees from its operations, content, and marketing departments. The exact number of affected individuals is unknown, but the company is said to be scrapping its global user operations team. Remaining members will be reassigned to other departments. This follows a previous round of layoffs earlier this year. TikTok has not provided an official comment on the matter.
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Related News
Salesforce to sack 700 workers
Livemint
·
1y ago
Medial
Salesforce is reportedly cutting 700 jobs in its latest round of layoffs, joining the trend of tech industry downsizing. This move comes as the company looks to streamline operations and adapt to changing market conditions.
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Tech layoffs are expected to continue as companies seek to hire more AI talent, analyst says
Business Insider
·
1y ago
Medial
According to an analyst, more tech layoffs may be on the horizon as companies prioritize investing in artificial intelligence (AI). In January 2024, over 20,000 employees were laid off in the tech industry. Companies like Google, Amazon, and SAP are among those making significant AI investments while reducing staff in other areas. However, the growing AI sector also creates new job opportunities, with companies like Apple, Meta, and Nvidia actively seeking AI-focused talent. Working in AI may offer job security in a rapidly changing tech landscape.
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Google spent $2.1 billion on layoffs last year
Business Insider
·
1y ago
Medial
Google spent billions on employee severance following the company's mass layoffs last year, as revealed in its latest earnings report. Alphabet's earnings for Q4 and fiscal year 2023 showed that the company incurred $2.1 billion in severance and related costs. In January 2023, Google laid off 12,000 employees, accounting for approximately 6% of its workforce. The layoffs were part of broader industry-wide cost-cutting efforts after overhiring during the pandemic tech boom. Google has also announced additional layoffs in 2024 across core engineering and hardware teams.
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Zopper lays off 100 employees amid cost-cutting measures
Inshorts
·
3m ago
Medial
An insurance-focused SaaS startup, Zopper, has laid off approximately 100 employees in 2025. The latest round occurred in April, affecting around 50 members of the tech and product teams. Earlier this year, the company also dismissed 20 employees from these teams and its entire 40-person insurance staff. The layoffs are reportedly part of ongoing cost-cutting measures.
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YouTube cuts 100 employees as tech layoffs continue
Economic Times
·
1y ago
Medial
According to a report, YouTube has laid off around 100 employees, as tech layoffs continue to impact the industry. The company has been facing financial challenges due to decreasing ad revenue amid the COVID-19 pandemic. However, YouTube's CEO, Susan Wojcicki, stated that the company will continue to invest in key areas to support creators and viewers.
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TikTok lays off employees to reduce costs
Economic Times
·
1y ago
Medial
TikTok has laid off a certain number of employees in its sales and advertising division in an effort to reduce costs. While reports vary, it is estimated that around 60 to at least 100 employees were asked to leave. This move follows a series of job cuts from other tech companies, including Google and Amazon. Despite the layoffs, TikTok still has around 7,000 employees in the US and over 150 million active users in the country.
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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
In the tech industry, there have been significant layoffs in 2023 and 2024. Companies like Google, Amazon, Microsoft, and TikTok have all announced job cuts. The layoffs are a reflection of the challenges faced by tech companies, with many facing tough market conditions and needing to focus on efficiency rather than growth. The layoffs also highlight the impact on innovation and the human aspect of job cuts. The total number of layoffs in 2023 was 262,735, which is 59% higher than the previous year. The tech sector continues to face challenges, and it remains to be seen how the job market will evolve.
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Tech layoffs are way down from last year. Why does it feel so grim?
Business Insider
·
1y ago
Medial
Tech industry layoffs in 2024 are smaller compared to the massive layoffs in early 2023 by tech giants like Amazon, Google, and Meta. While job cuts this year are smaller and more focused, there is a continuous flow of bad news with startup closures becoming more common. The tech industry still feels grim due to small, continual job cuttings and the fear that the layoffs may not be over. This environment creates discomfort for employees despite software job postings showing some growth.
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TikTok lays off hundreds, intensifies focus on AI for moderation
Livemint
·
10m ago
Medial
- TikTok is laying off hundreds of employees worldwide, including a significant number in Malaysia, to enhance content moderation through AI. - Fewer than 500 employees in Malaysia are affected by the layoffs, primarily from the content moderation teams. - TikTok aims to strengthen its moderation model by investing $2 billion globally in trust and safety initiatives, with 80% of content violations currently being removed through AI systems. - The layoffs come as TikTok faces increased scrutiny in Malaysia due to stricter regulations and a surge in harmful online content. - ByteDance, TikTok's parent company, is reassessing regional operations and may consider further retrenchments globally in the future.
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Return of pink slips? Intel, Microsoft, Tinder parent Match hit by layoffs
Economic Times
·
1y ago
Medial
Despite a brief slowdown earlier this year, tech companies are once again resorting to job cuts to control costs. Over 120,000 employees have been laid off by 384 tech companies this year. Major players like Intel, Microsoft, and Match Group have all announced significant layoffs. Indian tech startups are also facing challenges and have been forced to lay off employees due to a tough funding environment. Companies like Ola Electric, Paytm, and Byju's have announced substantial job cuts.
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