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Tech Layoffs: Why Companies Are Cutting Jobs In 2023?

Layoffs are often attributed to a lack of funds or poor revenue, but they can also be the result of structural problems in the industry. ....

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Cisco latest tech company after Twitter, Amazon, Meta to lay off employees; fires 4,000

Cisco plans on terminating 5 per cent of its employees out of its roughly 83,300 strong workforce. In a regulatory filing filed earlier this year, the company said, “Steps are being taken in order to rebalance the organization and enable further investment in key priority areas." ....

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Billion-Dollar Startup Hailed For No-Code Software Lays Off 251 Employees, 3 Execs

Three high-ranking executives are parting ways with the company that was valued at $11 billion late last year due to its no-code and low-code software. ....

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Axed Meta Employees Say They May Receive Only Half Of Promised Severance Pay: Report

Meta laid off around 11,000 employees in November. ....

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Widespread Tech Layoffs Reaching Levels Not Seen Since Great Recession

The tech industry is seeing layoffs in all sectors at levels close to the 2008 to 2009 Great Recession with relief not expected any time soon. ....

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