12/27/2023 0 Comments Splunk transaction time![]() The first round of redundancies was similarly announced through a staff letter CEO Mark Zuckerberg wrote on Nov. With less hiring, I've made the difficult decision to further reduce the size of our recruiting team." According to the note, an additional 5,000 open positions will also close. Mark Zuckerberg, its chief executive, has declared 2023 the "year of efficiency." In a company letter to staff, Zuckerberg said "over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. It would be the tech company's second round of cuts since November which saw 11,000 staff or around 13% of its workforce let go. Meta announced it is laying off an additional 13% of its staff, or more than 10,000 employees. Here's a more in-depth look at the 14 largest layoffs in the Bay Area. The dates mark the latest layoff announcement for all companies. Companies marked with an asterisk* reflect the total estimated number of staff laid off from multiple rounds of job cuts year-to-date in 2022. Note: This tracker is developing and will be updated. In May, Netflix cut 150 staff members from its workforce and laid off 450 more in June. These include Stripe, which cut around 1,000 in November after laying off around 50 people (from TaxJar, a Stripe acquisition) earlier this year, and Lyft, which slashed 683 from its team after laying off 60 people in July. Including the most recent announcement by Salesforce, a growing list of companies have made second and third rounds of cuts. 30 that it is shaving 1,250 jobs or 6% of its workforce in an effort to rein in operating cost in a challenging post- pandemic, macro environment. San Francisco-based DoorDash announced on Nov. Salesforce first announced layoffs of 1,090 workers in November and kicked off 2023 with another layoffs announcement in January of approximately 7,900 staff or 10% of its global workforce. Google (parent company Alphabet), together with a long list of tech companies executing mass redundancies, announced on January 20th that it will lay off 12,000 or 6% of its global workforce. While our layoff tracker below watches tech mass redundancies in the Bay Area, due to the magnitude of the cuts, it is worth noting retail tech giant Amazon has announced on Monday Mait was laying off an additional 9,000 employees, on top of the cuts to 18,000 positions that the company disclosed in January, bringing it to a total of 27,000. This brings the combined estimated workers cut to 1806 or an estimated 34% of its original workforce from 2022. ![]() On April 27th, 2023, Lyft employees received notification on their employment status after a note from new CEO David Risher a week earlier announced yet another round of cuts, this time an estimated 26% of current workforce or 1,072. This announcement comes a year after Niantic laid off around 90 workers and canceled multiple projects including a Transformer game. The bulk of cuts will come from closing its LA studio and reducing its game platform team, effectively ending production on games such as NBA All-World and Marvel: World of Heroes. Pokémon GO will remain a top priority "forever game". ![]() The company said it was restructuring to rein in cost and concentrate on first party games on mobile. San Francisco-based video game maker Niantic, better known as the creator of Pokémon GO announced on June 29th, 2023 that it is laying off 230 employees or approximately a quarter of its workforce. ![]() workers have lost their jobs in brutal mass layoffs in 2022 and now in 2023. SAN FRANCISCO (KGO) - From Amazon to Twitter to Meta, and now Niantic, Lyft, Ebay, Paypal and Splunk, thousands of U.S. Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, CEO Mark Zuckerberg said in a letter to employees Wednesday. ![]()
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