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Surviving layoffs in 2000 - 2023 Insights of Meta, Google, Microsoft, Cisco Systems, Amazon and more laying off thousands of employees.
As the world continues to recover from the COVID-19 pandemic, many companies lay offed and continue to reduce their workforce in order to streamline operations and improve efficiency and slowdown of customer demand and COVID-19 pandemic hit .
Microsoft
- In 2023, American multinational technology corporation developer of
consumer electronics, software and applications decided job cuts of around 5% about 10,000 employees globally with reason of slowdown of customer demand in tech. industry and
predicted recession.
Google
- In 2023,An American multinational technology company focusing on search
engine technology, computer software, quantum computing, cloud computing,
online advertising, artificial intelligence, e-commerce, and consumer
electronics stated to lay off more than 12,000 employees this year. due to
short demand and of the COVID-19 pandemic hit budget. Google CEO
wrote "This will mean saying goodbye to some incredibly talented people we
worked hard to hire and have loved working with. I’m deeply sorry for that. The
fact that these changes will impact the lives of Googlers weighs heavily on me,
and I take full responsibility for the decisions that led us here."
Cisco Systems - In 2023, Cisco Systems announced plans to cut around 673 jobs in the San Francisco Bay, 371 jobs at its location San Jose
Ford - In 2022, the automaker announced plans to cut around 3,000 jobs in North America
Wells Fargo - In 2022, Wells Fargo announced plans to cut hundreds of jobs.
Walmart - In 2022, Walmart announced plans to cut around 1500 jobs from Stores to improve efficiency and reduce costs..
ExxonMobil - In 2020, ExxonMobil announced plans to cut around 14,000 jobs about 15% globally
Boeing - In 2020, the aerospace giant announced plans to cut around 16,000 jobs.
American Airlines - In 2020, American Airlines announced plans to cut around 19,000 jobs.
United Airlines - In 2020, United Airlines announced plans to cut around 16,370 jobs
Boeing - In 2020, the aerospace giant announced plans to cut around 16,000 jobs due to the ongoing impact on the aviation industry.
Companies in the technology, aviation and financial sectors are likely to continue to face challenges due to the ongoing impact of the COVID-19 pandemic. Some companies may continue to reduce their workforce, while others may begin to hire again as the economy recovers and demand for goods and services increases. As the world continues to recover from the COVID-19 pandemic, many companies may continue to reduce their workforce in order to streamline operations and improve efficiency. However, it is also possible that some companies may begin to hire again as the economy recovers and demand for goods and services increases.