Tech News Curiosity
Layoff at Tech Giants
1. Microsoft
2. Meta: 5% of workforce
3. Google: 10% of Management
4. Amazon: 14,000 managerial roles/positions –> India only sources
Related links:
1. https://www.cnbc.com/2025/01/08/microsoft-confirms-performance-based-job-cuts-across-departments.html
2. https://techcrunch.com/2025/01/14/meta-to-cut-roughly-5-of-its-workforce-based-on-performance/
3. https://www.techradar.com/pro/google-ceo-reveals-major-job-cuts-as-part-of-efficiency-move
1. performance-based job cuts / another round of layoffs:
Microsoft, Meta
Google:
– last news of layoff: 2022
– Cuts 10% of Management: Dec 2024
keyword: cost-cutting, tech industry, tech giant, AI Race, Efficiency Push, performance review, to cut x% of workforce -of management
– Microsoft confirms performance-based job cuts across …
CNBC
https://www.cnbc.com/2025/01/08/microsoft-confirms-performance-based-job-cuts-across-departments.html
6 days ago — Microsoft said it’s cutting a small percentage of jobs across departments, based on performance.
– Microsoft Announces Job Cuts Across Company with …
Yahoo Finance
https://finance.yahoo.com/news/microsoft-announces-job-cuts-across-141452567.html
5 days ago — Microsoft (MSFT, Financial) is set for another round of layoffs, and sources say these will include underperformers in performance-based cuts.
– Microsoft is planning job cuts and focusing more on …
Business Insider
https://www.businessinsider.com/microsoft-plans-job-cuts-performance-management-2025-1
8 days ago — Microsoft is planning job cuts targeting underperforming employees. The reductions are happening across the company, including in its important …
– Microsoft layoffs: Tech giant’s job cuts stretch into 2025, …
GeekWire
https://www.geekwire.com/2025/microsoft-layoffs-tech-giants-job-cuts-stretch-into-2025-now-focusing-on-performance/
6 days ago — Microsoft announced 10,000 job cuts in January 2023, two years ago, as part of a broader pattern of cost-cutting in the tech industry at the …
– Microsoft reportedly set to make performance-based job cuts
KRON4
https://www.kron4.com/news/bay-area/microsoft-reportedly-set-to-make-performance-based-job-cuts/
5 days ago — The performance-based job cuts are the latest in a series of layoffs at the tech giant. Last January, Microsoft cut 1,900 jobs in its gaming …
===META===
– Meta to cut roughly 5% of its workforce based on …
TechCrunch
Meta to cut roughly 5% of its workforce based on performance
11 hours ago — Meta is reducing its workforce by about 5% through performance-based terminations, Bloomberg reported on Tuesday.
– Meta to Cut 5% of Its Workers in New Round of Layoffs
The New York Times
7 hours ago — Meta plans to lay off up to 5 percent of its employees based on performance ratings, according to an internal memo to workers on Tuesday …
– Meta to cut 3600 jobs based on performance
Tech in Asia
https://www.techinasia.com/news/meta-cut-3600-jobs-based-performance
5 hours ago — Meta Platforms Inc. is reducing its workforce by approximately 5% through performance-based cuts, according to an internal memo.
===GOOGLE===
– Google Cuts 10% of Management Amid AI Race, Efficiency Push
computercity.com
Dec 22, 2024 — Google has announced a 10% reduction in its managerial positions to enhance efficiency and respond to competition from AI firms like OpenAI.
– Google CEO reveals major job cuts as part of “efficiency” …
TechRadar
https://www.techradar.com/pro/google-ceo-reveals-major-job-cuts-as-part-of-efficiency-move
Dec 23, 2024 — Google has reportedly cut 10% of its manager, director and VP roles in an ongoing effort to boost efficiency and improve the running costs of the company.
– Google tells employees: Higher risk of low performance …
CNBC
https://www.cnbc.com/2022/12/22/google-tells-employees-higher-risk-of-low-performance-ratings-in-2023.html
Dec 22, 2022 — Google has released new details of its performance system overhaul and it shows employees will more easily fall into lower-rated categories.
>>> performance system overhaul:
a comprehensive process aims to restore a system to its optimal condition and improve its performance
– Alphabet Seeks To Identify 10000 Poor-Performing …
Forbes
https://www.forbes.com/sites/jackkelly/2022/11/21/alphabet-seeks-to-cut-10000-poor-performing-googlers/
Nov 21, 2022 — Amidst pressure from an activist hedge fund, adverse market conditions and a need to cut costs, Google launched a ranking system and performance …
=== AMAZON ===
– Amazon is cutting out the middle manager. Here’s why you …
cio.com
https://www.cio.com/article/3550632/amazon-is-cutting-out-the-middle-manager-heres-why-you-shouldnt.html
Oct 8, 2024 — According to CEO Andy Jassy, a massive reorganization is what’s needed to remove layers, flatten organizations, increase teammates’ ability to move fast, and …
– Microsoft and Amazon are using performance reviews to …
Yahoo Finance
https://finance.yahoo.com/news/microsoft-amazon-using-performance-reviews-090000833.html
2 days ago — Microsoft and Amazon are using performance reviews to decide who gets laid off—experts warn these surefire mistakes will get you cut. Career …
– Amazon put thousands of employees on PIPs before layoffs
Fortune
https://fortune.com/2024/03/20/amazon-layoffs-performance-review-tech-human-resources-andy-jassy/
Mar 20, 2024 — Amazon sharply upped ‘performance improvement plans’ for workers. … cut a total of 27,000 employees. Performance improvement plans …
– https://www.reddit.com/r/technology/comments/1fwwcj4/amazon_layoffs_tech_firm_to_cut_14000_manager/
== OTHERS ===
Pandemic Hiring Binge
Other keywords: hiring spree
– https://www.cnn.com/2023/01/22/tech/big-tech-pandemic-hiring-layoffs/index.html
How Big Tech’s pandemic bubble burst
CNN
Jan 22, 2023 — Microsoft (MSFT) and Google (GOOGL GOOGLE) also hired thousands of additional workers, as did other tech firms like Salesforce (CRM), Snap (SNAP) …
– https://www.businessinsider.com/tech-company-layoffs-pay-salary-cuts-remote-work-recruiter-power-2023-2
Companies are using layoffs to cut new-hire salaries and …
Business Insider
Feb 12, 2023 — Tech companies scrambled to meet demand and went on a hiring binge during the pandemic. Reports show that Amazon and Meta, the parent of …
– https://fortune.com/2024/02/03/why-tech-media-layoffs-growing-economy-jobs-report-boom/
The huge tech and media layoffs are outliers
Fortune
Feb 3, 2024 — Many high-tech companies that went on hiring binges in 2022, as the economy accelerated out of the pandemic recession, miscalculated the longer- …
– https://www.npr.org/2024/01/28/1227326215/nearly-25-000-tech-workers-laid-off-in-the-first-weeks-of-2024-whats-going-on
What’s behind the tech industry’s mass layoffs in 2024?
>> Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.
– Alphabet cuts 12000 jobs after pandemic hiring spree, …
Reuters
https://www.reuters.com/business/google-parent-lay-off-12000-workers-memo-2023-01-20/
Jan 20, 2023 — … pandemic-led hiring spree left them flabby in a weak economy … Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI.
– https://theprint.in/economy/amazons-hiring-binge-warehouse-expansion-during-pandemic-prove-too-much-as-demand-cools/935680/
Amazon’s hiring binge, warehouse expansion during …
Apr 29, 2022 — Amazon’s hiring binge, warehouse expansion during pandemic prove too much as demand cools … means workers sitting idle or managers asking …
– https://www.nationalreview.com/2020/12/behold-the-delivery-revolution/
Behold, the Delivery Revolution
Dec 29, 2020 — … pandemic at well above the minimum wage,” you’d think there’d be huzzahs all around … This is a historic hiring binge. According to the New York …
– https://www.linkedin.com/pulse/what-firing-spree-tech-tells-us-hiring-career-hackers?trk=pulse-article_more-articles_related-content-card
What the firing spree in tech tells us about hiring
LinkedIn · Career Hackers
1 reaction · 2 years ago
What happened to these tech firms was that their revenues are dropping as the pandemic comes to an end. More people are resuming their pre-COVID …