Facebook-parent company Meta is set to execute another round of job cuts as part of founder Mark Zuckerberg's goal of greater efficiency in 2023. Among other tech significants, Alibaba too announced job cuts in its cloud sector without specifying the exact number.

Thousands to lose jobs as Meta, Alibaba begin latest layoff bloodbath

Facebook's parent company Meta began executing job cuts across all Metaverse companies on Wednesday, April 19. The move, which will eventually eliminate 10,000 positions across Facebook, WhatsApp, Instagram and Reality Labs, is part of Meta's goal of "greater efficiency.

Meta begins layoffs; to leave 10,000 without jobs across Facebook, Instagram, WhatsApp

Swedish multinational company Ericsson has decided to trim 1,400 jobs in Sweden with larger headcount loss in other countries. Not too long ago, big tech companies were hiring at an alarming rate during the pandemic, expecting greater demand for their tech offering.

Ericsson plans to fire nearly 1,400 employees

Facebook's parent company Meta has reportedly delayed finalising the team budgets at multiple levels as it reportedly sets the backdrop for yet another round of job cuts.

Meta delays setting team budgets, triggers speculation of more layoffs

According to reports, Vodafone is planning to make its biggest round of job cuts in five years as the British telecom group seeks to rein in costs and revive its lagging performance. Watch this to know more.

Vodafone plans hundreds of job cuts in cost-saving measures

Salesforce plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with ‘too many people’ amid an economic slowdown.

World Business Watch: Salesforce to cut staff by 10% in latest layoffs