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Reddit CEO Steve Huffman said in an internal email to employees Tuesday that they had a solid first half of the year, and "this restructuring will position us to carry that momentum into the second half and beyond". 📲 Reddit Layoffs: Social Discussion Platform Lays Off Nearly 90 Employees, Slashes Fresh Hiring.
Intel cited the need to accelerate its strategy in a challenging macroeconomic environment while still investing in areas core to its business
Employees also questioned why top executives received high performance reviews and bonuses despite being responsible for the layoffs. On that CEO Zuckerberg replied that he was happy with their performance. 📲 Meta Layoffs: Employees Slam Mark Zuckerberg After He Refuses To Rule Out Future Firings During Internal Discussion, Say 'You Have Shattered Morale and Confidence'.
Indian IT companies make up a large portion of the worldwide IT market, and the growth of the Indian IT industry is closely tied to global market conditions.