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Tech layoffs in the past few years have made the news and companies like Meta and Google have been big culprits for these changes.
These controversies dominated the tech world in 2023, be it the firing and rehiring of OpenAI’s Sam Altman to the downfall of X (formerly Twitter).
In a message to the staff, Spotifys CEO Daniel Ek explained the job cuts as a measure to align the companys growth with capital costs.
LinkedIn, the popular employment-centric social media platform owned by Microsoft, has recently announced that they are laying off 668 employees across engineering, talent, and finance teams. As per the company, this is their second round of mass firings this year, with the reason being the slow growth of revenue.
“Byjus new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead,” the spokesperson added.