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Dropbox to lay off 500 employees, or about 16% of its workforce
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https://www.cnbc.com/2023/04/27/dropbox-layoffs-company-to-cut-500-employees.html
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Dropbox on Thursday announced plans to cut 500 employees, or about 16% of its workforce, according to a blog post on the company’s website.
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False
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Qualcomm to cut jobs; chip manufacturer to lay off 5% staff, say sources
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https://www.businesstoday.in/tech-today/news/story/qualcomm-to-cut-jobs-chip-manufacturer-to-lay-off-5-staff-say-sources-379381-2023-04-29
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People aware of the matter claimed that most of the cuts would impact the mobile division of the tech giant. Qualcomm's mobile division will lay off about 20 per cent of its employees, according to the source.
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False
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Cognizant To Layoff 3,500 Employees, Says Revenue Will Decline In 2023
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https://www.cnbctv18.com/education/cognizant-to-layoff-3500-employees-says-revenue-will-decline-in-2023-16564491.htm
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As a result of lower administration costs and higher other income, Cognizant's first quarter’s net profit increased 3 percent to $580 million.
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Shopify cuts 20% of its workforce; shares surge on earnings beat
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https://www.cnbc.com/2023/05/04/shopify-cuts-20percent-of-its-workforce-shares-surge-on-earnings-beat.html
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Shopify on Thursday announced it’s cutting 20% of its workforce. The news came as it reported first-quarter earnings that beat analyst estimates on both the top and bottom lines.
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April 2023 Job Cuts Fall to Lowest Point of the Year, up 176% Over Same Month Last Year, YTD up 322%; Hiring Down 81% YTD
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https://www.challengergray.com/blog/april-2023-job-cuts-fall-to-lowest-point-of-the-year-up-176-over-same-month-last-year-ytd-up-322-hiring-down-81-ytd/
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Job Cuts Fall to Lowest Point of the Year, up 176% Over Same Month Last Year, YTD up 322%; Hiring Down 81% YTD
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Construction Layoffs Jump In March As Homebuilding Slows
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https://www.bisnow.com/national/news/construction-development/construction-layoffs-back-to-pandemic-era-levels-118833
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About 3.7% of the U.S. construction workforce was laid off in March, the highest percent since the early months of the pandemic, according to an Associated Builders and Contractors analysis of federal government data.
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Meta’s next round of layoffs will start next week
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https://www.theverge.com/2023/5/19/23729900/meta-layoffs-business-roles-nick-clegg
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Meta employees are bracing for another round of layoffs. In a recording of a company meeting obtained by Vox, Meta president of global affairs Nick Clegg told employees that a “third wave is going to happen next week.”
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Big tech companies now hiring low-paid H1B workers after mass layoffs: report
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https://www.wionews.com/technology/big-tech-companies-now-hiring-low-paid-h1b-workers-after-mass-layoffs-report-593608
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After the tsunami of mass layoffs, big tech giants are now hiring lower-paid tech workers from foreign countries.
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False
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AI has infiltrated the hiring process — and it's making it miserable to find a new job
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https://www.businessinsider.in/policy/economy/news/why-job-searches-suck-right-now/articleshow/100420149.cms
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When Michael Keach was laid off in January after five years as a senior manager in the customer-service department at Wayfair, he was tentatively optimistic.
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TECH Spotify lays off 200 employees, or about 2% of its workforce
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https://www.cnbc.com/2023/06/05/spotify-layoffs-200-employees-or-about-2percent-of-its-workforce-cut.html
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Streaming company Spotify announced Monday it was laying off 200 people, or about 2% of its workforce, as part of a “pivot” in its podcasting unit.
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Job site ZipRecruiter cutting 20% of its staff
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https://edition.cnn.com/2023/06/01/tech/ziprecruiter-job-cuts/index.html
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Fewer employers looking for workers means 270 employees at job search site ZipRecruiter will soon be out of a job.
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Grant Thornton Is Laying Off 300 U.S. Employees as Consulting Demand Falls
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https://www.wsj.com/articles/grant-thornton-is-laying-off-300-u-s-employees-as-consulting-demand-falls-7c0e5110
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Grant Thornton Is Laying Off 300 U.S. Employees as Consulting Demand Falls
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Friday Health Plans to lay off entire Colorado workforce
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https://www.bizjournals.com/denver/news/2023/06/21/friday-health-plans-layoffs-colorado-insurance.html
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The company cited factors that were "not previously reasonably foreseeable" for its abrupt end in operations.
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KPMG to cut 5% of US jobs in fresh round of layoffs
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https://www.reuters.com/business/finance/kpmg-cut-5-us-jobs-fresh-round-layoffs-2023-06-26/
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June 26 (Reuters) - KPMG is laying off 5% of its U.S. employees after feeling the pinch of "economic headwinds, coupled with historically low attrition," a spokesperson for the Big Four accounting giant said on Monday.
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