According to data from layoffs.fyi, a crowdsourced database of tech layoffs, 1,388 tech companies have fired a total of 233,483 employees since the onset of Covid-19, but 2022 has been the worst for the tech sector.
After Twitter, Meta was set to lay off thousands of employees and the company's Founder and CEO Mark Zuckerberg reportedly told the workforce to be ready for what was coming their way. The Facebook and Instagram parent company reported over 87,000 employees (as of September).
For most of the nearly 200-strong Twitter India workforce, Friday morning came with total chaos when they lost access to their official emails and internal Slack and group chats, as they were unfortunate to be part of the global sacking in the most brutal Elon Musk way.
More details of the job cut and their breakdowns are expected to be revealed at the end of the week.
As per the latest data, May’s new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record.
The report, however, suggests that full-time news producers will be retained and all contractual news production jobs have been eliminated.
The group, which employs 180,000 workers worldwide, announced the suspension of planned capacity increase projects in Morocco and Romania.
This cut will be in additional 6000 employees who will be impacted after the information technology services provider exists content moderation business for clients such as Facebook.
However, an official of Nissan Motor India Ltd told IANS that they are awaiting communication from their headquarters in Japan.
