Here are some of the job cuts announced by tech and media companies in January.
Amazon (NASDAQ:AMZN)
Jan. 18 – The Buy with Prime unit laying off less than 5% of its employees.
Jan. 11 – Audiobook and podcast division Audible laying off 5% of its workforce, according to a memo from the head of the division.
Jan. 10 – Amazon set to lay off several hundred employees in its streaming and studio operations, extending job cuts into 2024.
Jan. 9 – Streaming unit Twitch to cut 35% of its staff, or about 500 workers, as reported by Bloomberg News.
Alphabet (NASDAQ:GOOGL)
Jan. 22 – X Lab, Alphabet’s division for developing new technology, laying off dozens of workers and turning to outside investors for funding.
Jan. 16 – Google, part of Alphabet, laying off hundreds of employees in its advertising sales team.
Jan. 11 – Google laying off hundreds of people across teams, including the hardware team responsible for Pixel, Nest and Fitbit (NYSE:FIT), and the majority of those in the augmented reality team.
Salesforce (NYSE:CRM)
Jan. 26 – Salesforce laying off about 700 employees, roughly 1% of its global workforce, according to the Wall Street Journal.
Microsoft (NASDAQ:MSFT)
Jan. 25 – Microsoft set to lay off 1,900 employees at Activision Blizzard (NASDAQ:ATVI) and Xbox.
Paramount Global
Jan. 25 – Paramount Global plans an unspecified number of layoffs, aims to become a leaner organization.
Business Insider
Jan. 25 – Business Insider plans to lay off around 8% of its staff, according to CEO Barbara Peng.
IBM (NYSE:IBM)
Jan. 24 – IBM plans to lay off some employees in 2024, but will hire more for AI-centered roles, likely ending the year with its headcount unchanged.
Aurora Innovation
Jan. 24 – Autonomous vehicle technology company Aurora Innovation said it had cut 3% of its workforce as part of a reorganization exercise.
eBay (NASDAQ:EBAY)
Jan. 23 – eBay plans to cut about 1,000 roles, or around 9% of its current workforce.
Los Angeles Times
Jan. 23 – The Los Angeles Times plans to lay off 94 journalists who are members of the newspaper’s union.
Walt Disney (NYSE:DIS)
Jan. 11 – Pixar Animation Studios, part of Walt Disney, set to cut jobs after completing production on some shows and having more staff than needed.
Unity Software
Jan. 8 – Videogame software provider Unity Software plans to lay off approximately 25% of its workforce, to cut around 1,800 jobs.
Source: Economy - investing.com
