New Delhi: Recently, tech companies are undergoing touch conditions. The companies are either cutting off the spending by restricting the hiring process or by laying off several employees. Moreover, Tesla has also shut down its San Mateo, California office and also laid off hundreds of employees from its Autopilot department recently. Take a look at some of the companies that laid off several employees from their different sectors to cope with the economic crisis.
1. Microsoft
This big tech company laid off around 1800 employees from their different branches across several regions. The company claimed this move to be a part of its structural adjustments. Microsoft stated that it cut off some jobs that realigned business groups and roles after the end of their fiscal year on June 30. The company, however, comforted the aspirants by saying that they would continue to hire new employees and finish the complete the current fiscal year with an increased headcount.
“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” Microsoft stated in an official statement. Reportedly, the layoffs account for less than 1% of the total workforce at Microsoft.
2. Netflix
The major video-streaming platform, Netflix in the last month laid off around 300 employees. In fact, this is the second round layoff happening at Netflix, followed by job cuts a month earlier in May 2022. In the first round, Netflix laid off around 150 employees, concentrating mainly on different departments across U.S. The company hinted that during the second round of layoff, the number can increase.
3. Twitter
The micro-blogging site laid off around 30% of its employees from its talent acquisition team in July freezing the hiring process worldwide. Reportedly, the company offered severance packages to employees laid off.
4. Tesla
Founded by Elon Musk, the company recently laid off 229 employees from its Autopilot team. Besides, it also shut down one of its US offices. Reportedly, the company laid off employees from the San Mateo office which had just 276 employees. The remaining 47 employees are to be transferred to Tesla’s ‘Buffalo Autopilot’ office. Moreover, Musk in June warned that he had a “super bad feeling” about the economy and planned to cut about 10% of the salaried staff. Besides, the company also halted the hiring process.