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The recent wave of business layoffs is beginning to go beyond the tech industry. Check the list of recent layoffs in 2023.
Due to growing inflation and a weakening global economy, many tech companies have been spotted laying off employees. The situation has not improved from the end of 2022 up until this point, as more and more enterprises are resorting to layoffs. Let's look at a few current, well-known companies that made layoffs in February 2023.
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According to a report on 22 February, management consulting firm McKinsey & Co. is expected to fire around 2,000 employees in one of the greatest rounds of layoffs the company has ever experienced.
Photo Credit: Twitter @McKinsey
Polygon, a platform for scaling Ethereum and infrastructure development, stated on February 21 that it is dismissing 100 employees, or 20% of its personnel, as part of a larger corporate restructure in response to the ongoing crypto winter.
Photo Credit: Twitter @xPolygon
German online apparel retailer Zalando announced on Tuesday that it was laying off hundreds of workers from its 17,000-person workforce, claiming that it had grown too quickly and pointing to a challenging economic climate following the coronavirus outbreak as reasons.
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Ericsson, a global leader in networking and telecommunications, announced on February 20, 2023, that it would eliminate 1,400 positions in Sweden to lower operating expenses.
Photo Credit: Twitter @ericsson
Headquartered in the New York City, American software company Sprinklr made the announcement on February 15 that it would lay off more than 100 workers, or 4% of its global staff.
Photo Credit: Twitter @Sprinklr
Another recent company to experience layoffs is Microsoft's LinkedIn, which has affected staff in the recruiting division. According to a Bloomberg report, the software company fired 617 of its workers from the Seattle office.
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Twilio, a provider of cloud communications, announced on February 13 that as part of a reorganization attempt to concentrate on profitability, it was cutting roughly 17% of employment and closing several operations.
Photo Credit: Twitter @twilio
eBay Inc., an e-commerce company, announced on Tuesday that it will let go of 500 employees worldwide, or 4% of its whole workforce. According to reports, the changes will improve eBay's capacity to provide better customer experiences and will enable the company to concentrate on areas where it can have the biggest influence.
Photo Credit: Twitter @eBay
On February 9, GitLab made a 7% staff reduction announcement. Around 114 workers will be affected by the round of layoffs, while the precise number depends on the company's actual headcount as of February 9.
Photo Credit: Twitter @gitlab
On Tuesday, Zoom Video Communications revealed that it would be laying off around 1,300 workers, or 15% of its workforce. CEO Eric Yuan reportedly stated that he would forfeit the entirety of the corporate bonus and 98% of his compensation for the upcoming fiscal year.
Photo Credit: Twitter @Zoom
Tinder, Hinge, and OkCupid owner Zoom Match Group Inc. announced that it would let go of around 8% of its workers. According to chief financial officer Gary Swidler, the corporation has already reduced employment in the United States, and job cuts are also being made in other nations.
Photo Credit: Twitter @Match