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Notable major technology and media corporations in the United States have begun 2024 with a fresh round of job cuts, with reasons citing the global economic crisis that is expected to remain persistent in the new year.
2024 has already proven to be a difficult year for layoffs. A handful of companies have been making job cuts in recent weeks, bringing uncertainty for workers across industries.
In both retail and tech, some companies are trimming their workforce after a period of increased hiring during the Covid-19 pandemic.
SAP this week said it will let go of 8,000 employees and Microsoft removed 1,900 positions in its gaming division. Fintech startup Brex laid off 20% of its staff and eBay slashed 1,000 jobs, or 9% of its full-time workforce.
According to the Wall Street Journal, Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a routine adjusting of the company's workforce