Tech Layoffs in 2023

I know that there's there must be just a range of different emotions

Um, I want to say, you know, upfront, uh, that I take full responsibility for this decision

And I'm the founder and CEO. I'm responsible for the health of our company, for our direction, and for deciding how we execute that, including things like this

And this was ultimately my call. And it was one of the hardest calls that I've had to make in the 18 years of running the company

Top companies that will lay off workers in 2023. Sources close to the situation

told Bloomberg that Metter is planning to lay off thousands of workers as soon as this week

This news sent the company's stock up nearly 1% Tuesday morning, just four months after the social

media giant laid off about 11,000 workers and after it reportedly asked company executives

lawyers, and financial experts to come up with a major reorganization plan. In a memo to employees

SiriusX and CEO Jennifer Witts said that layoffs will affect about 8% of the company's nearly 6,000

workers, or about 475 positions. This is because executives want to keep the company profitable

for the long term in spite of today's uncertain economic environment. Bloomberg sources say that

less than 1 of Citigroup 240 employees will be affected by the layoffs This comes after the company reportedly laid off another 50 trading employees in November A source close to the situation told Reuters that only low hundreds of the company 167 workers will be let go

However, the Detroit News said that as many as 500 of the company's 167,000 workers could be let go

Sources close to the situation told The New York Times that Twitter has started laying off 200 of its remaining 2,000 employees

This comes just a few weeks after CEO Elon Musk promised to stabilize the organization

After several rounds of layoffs last fall, cut the company's staff by more than half, from about 7,500 to about 3,000

Yahoo plans to cut more than half of its Yahoo for Business division by the end of the year

This will affect more than 1,600 employees, including nearly 1,000 this week alone

A company spokesperson told Forbes that the cuts will simplify and strengthen our advertising business, which has not been profitable and has struggled to live up to our high standards as part of a necessary step to address the challenges we face today

CEO Bob Iger said in a conference call Wednesday afternoon that Disney could let go of as many as 7,000 employees

This would be about 3.2% of the 220,000 people who work for Disney around the world

in a message to employees. Eric Yuan, the CEO of online meeting platform Zoom

said that the company plans to cut about 15% of its staff as the world transitions to life post-pandemic

and as the global economy remains uncertain. This means that about 1,300 jobs will be cut

even though the company tripled its staff at the start of the pandemic. Thank you