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Tech layoffs: Over 16,000 Employees From Samsung, Cisco, Microsoft And More Lost Their Jobs In September
Major corporations such as Samsung, PwC, Cisco, and Microsoft have recently announced significant workforce reductions as part of their restructuring and cost-cutting measures.
Tech layoffs
The ongoing economic challenges have led to a surge in layoffs across industries globally, leaving employees uncertain about their futures. Major corporations such as Samsung, PwC, Cisco, Microsoft, and more have recently announced significant workforce reductions as part of their restructuring and cost-cutting measures.
Samsung is reportedly considering a workforce reduction of up to 30% in specific divisions, including sales, marketing, and administrative roles. This could impact employees across its global subsidiaries.
PwC's US division has laid off approximately 1,800 employees, marking its first major job cuts since 2009. These layoffs are part of a broader restructuring initiative within the firm’s technology group due to declining demand for certain advisory services.
Microsoft has announced 650 job cuts in its Xbox division, following an earlier layoff of 1,900 employees in January 2024. This move is aimed at streamlining operations after its acquisition of Activision Blizzard.
Cisco revealed a new round of layoffs that will affect about 5,600 employees, representing 7% of its total workforce. This follows a prior downsizing in February, where the company eliminated over 4,000 jobs.
Qualcomm plans to cut 226 jobs in San Diego later this year, with layoffs scheduled to take effect in November. This decision is part of the company's broader strategy to address financial challenges.
Akzo Nobel, the maker of Dulux paint, will cut approximately 2,000 jobs globally as part of its cost-cutting efforts. The layoffs will primarily affect head office positions as the company seeks to improve operational efficiency.
Paramount Global has announced a second round of layoffs affecting multiple divisions, including CBS, Comedy Central, and MTV. These cuts are part of a larger strategy to reduce costs in response to challenges in the traditional media sector.
Disney is also initiating layoffs at the corporate level, as part of its ongoing strategy to streamline operations and enhance profitability in a tough market environment.
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Moinak Pal author
Moinak Pal is a full-time tech geek whose daily work involves smartphones and gadgets. He occasionally hits the kitchen floor for some cooked up boile...View More
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