Hundreds of thousands have lost jobs across sectors in 2023 as technology behemoths raced to cut costs. The job cuts in the technology sector neared 90,000 in January 2023 and came down to 39,471 in February, 37,662 in March, 19,807 in April and 11,491 in the month of May so far, according to layoffs tracking platform Layoffs.

Hundreds of thousands lose jobs in 2023 as tech giants race to cut costs

Job hunt platform, LinkedIn is axing about 4% of its workforce. It translates to 700 workers being laid off globally. The company also says it will shut its China focused app. For more, watch the video.

LinkedIn axes 700 positions globally

US taxi service Lyft will see more job cuts as part of a cost cutting measure. A Wall Street Journal report said that over 4,000 employees, or 30% of Lyft's workforce, are likely to lose their jobs.

Lyft opts for a second round of layoffs

Walt Disney is set to eliminate nearly 7,000 jobs next week, including about 15% of the staff in its entertainment division.

Disney to cut 7,000 jobs amid more layoffs

Ernst & Young's US arm said that it was firing 3,000 job cuts or five per cent of its American workforce. Less than a week ago, the firm called off a split between its auditing and consulting units, but a spokesperson said the cuts are unrelated to the scuttled plan.

Ernst And Young announces 3,000 job cuts in US due to overcapacity

US burger chain McDonald’s is temporarily closing off its offices earlier this week in the US and preparing to lay off its employees, the Wall Street Journal (WSJ) newspaper has reported.

McDonald’s shuts offices in US temporarily, prepares for layoffs: Report

Indeed.com, a website that lists jobs, announced Wednesday (March 22) that it would lay off over 2,200 workers, or nearly 15 per cent of its workforce. “The cuts come from nearly every team, function, level and region,” at the company, CEO Chris Hyams said in a memo released by the company.

Job listing company Indeed to let go over 2,200 employees, almost 15% of its workforce

Meta, the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week. Meta is eliminating more jobs, on top of a 13% reduction in November, in a bid to become a more efficient organization.

Meta plans to cut thousands of jobs this week: Reports

Twitter has reportedly laid off about 10 per cent of its remaining workforce, or at least 200 employees. The move comes as part of Elon Musk's ongoing effort to reduce costs since acquiring the social media platform in October.

Twitter reportedly fires 200 employees in fresh round of job cuts

Job cuts are continuing and now reports are saying that Facebook's parent company, Meta, is likely to go for a fresh round of drop cuts which would affect thousands of workers. This time, the move will be a part of reorganisation and downsizing efforts of social media firm.

Another round of jobs cuts at Meta, thousands of workers could be impacted: Reports

KPMG has become the first among the world's four biggest accountancy firms to slash jobs in the US. Reports show KPMG is cutting close to 2% of its workforce in the US.

KPMG becomes the first Big Four consulting firm to cut jobs, fires 700 employees in US

The United States-based planemaker, Boeing, on Monday (February 6) confirmed that they are going to cut about 2,000 white-collar jobs in the company’s finance and human resources departments through a combination of attrition and layoffs, as per media reports.

Boeing to cut at least 2,000 white-collar jobs in finance and HR; will outsource their work to TCS

The Dutch online marketplace OLX is cutting off 15 per cent of its global workforce, or around 1,500 workers, and is the latest company to do so in recent days. “OLX is reducing its global workforce by 15% which affects staff across all countries, business units, and job functions.

OLX to lay off 15 per cent of its workforce globally, almost 1,500 employees to be impacted

In-house massage therapists made up more than two dozen of those who lost their jobs in Google's most recent wave of layoffs, which occurred last week. 27 in-house massage therapists were among the 1,845 employees that lost their positions with the company in the state of California, according to filings that CNBC reported on Tuesday.

Cutting back on massages: Google fires almost 27 massage therapists amid mass layoffs

US automaker Ford plans to eliminate 3,200 jobs in Germany and expressed its concern for the future of the company's facilities in the continent's largest economy.

Ford to cut 3,200 jobs in Europe; plans to move some work to the US

Some of the world's biggest companies are announcing job cuts. The list includes Amazon, Microsoft, Amazon, Twitter. What explains these mass lay-offs? Vikram Chandra tells you.

This World: Google, Microsoft, Amazon announce job cuts

Joining the layoffs spree, US tech giant Microsoft Corp on Wednesday announced that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The layoffs will result in a charge of $1.

Microsoft to fire 10,000 people as tech layoffs intensify

The United States-based Amazon is set to restructure its warehouse operations in the United Kingdom and plans to close three of its centres in the country’s Hemel Hempstead, Doncaster and Gourock, in the west of Scotland, which will impact at least 1,200 jobs.

UK: Amazon to restructure warehouse operations, closures put over 1,000 jobs at risk

As a part of the workforce reduction program, the CEO of Amazon Andy Jassy said that the company's layoffs will now stretch to more than 18,000 roles. The layoff decisions which Amazon will communicate starting from January 18th will largely impact the company's e-commerce and human resources.

Amazon Layoffs: 'We plan to eliminate just over 18,000 roles,' says CEO Andy Jassy

Cloud computing firm Salesforce announced on Wednesday that it was closing numerous offices and laying off roughly 8,000 workers, or nearly 10 per cent of its workforce.

Tech giant Salesforce joins the layoff bandwagon; fires 10% of its workforce

In the face of looming layoffs, a leading newspaper's Pulitzer Prize-winning Indian-American editor has decided to step down from his position. The editor has made this choice in the hopes that other employees would be able to keep their jobs if his compensation is cut from the company's budget.

Amid layoff season, Indian-American Pulitzer-winning editor steps down so his staff can keep their jobs

Social media company TikTok said on Friday (December 16) that it will cut its Russian staff. The company has stopped key services for Russian users this year. TikTok has already suspended livestreaming and new uploads in Russia after it introduced strict new censorship rules after it invaded Ukraine in February this year.

TikTok to cut staff in Russia, says the social media company in statement

At a town hall meeting on Wednesday, the CEO of The Washington Post, Fred Ryan, announced that there would be some layoffs in the first quarter of 2023 before leaving and skipping several important concerns from the audience.

WATCH: Washington Post CEO announces impending layoffs, leaves meeting midway infuriating employees

PepsiCo Inc is reportedly planning to lay off hundreds of workers from its headquarters in the North American snacks and beverages division, said a report by the Wall Street Journal, signalling that the layoff season might not be limited to Silicon Valley.

PepsiCo to lay off hundreds of employees from its headquarters: Report

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