<p>Google's announcement Friday it would <a href="https://www.deccanherald.com/business/business-news/google-axes-12000-jobs-ceo-pichai-says-sorry-1182932.html" target="_blank">slash nearly 12,000 jobs</a> worldwide is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn.</p>.<p><strong>Here are the others:</strong></p>.<p>Amazon said on January 5 it would cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact it had "hired rapidly" during the pandemic.</p>.<p>During Covid, Amazon had gone on a hiring spree to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and start of 2022.</p>.<p>It was the largest among the recent workforce reductions in the US tech sector and the biggest for the Seattle-based company.</p>.<p>At the end of September, the group had 1.54 million employees worldwide.</p>.<p>In what Mark Zuckerberg called "the most difficult changes we've made in Meta's history," the CEO of the company that owns Facebook, Instagram and WhatsApp announced in November a cut of 11,000 jobs, or some 13 per cent of staff.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/technology/twitter-plans-further-layoffs-report-1182454.html" target="_blank">Twitter plans further layoffs: Report</a></strong></p>.<p>Zuckerberg told his 87,000-strong employees he had expected the boost in e-commerce and online activity during the pandemic to continue, but admitted he had been wrong.</p>.<p>Meta's poor performance in 2022 sent its share price plummeting, as well as a sharp drop in sales and stagnation in its user numbers.</p>.<p>On January 18, Microsoft announced it would lay off 10,000 employees in the coming months.</p>.<p>The cuts were "in response to macroeconomic conditions and changing customer priorities," the maker of the Windows operating system said in a US regulatory filing.</p>.<p>The plan followed two smaller rounds of layoffs in 2022, one in July affecting less than one per cent of the workforce and a second in October targeting under 1,000 people.</p>.<p>Microsoft, which went on a major hiring spree during the pandemic to meet a surge in demand for its software and cloud computing services, currently has 2,21,000 employees, including 1,22,000 in the United States, according to its website.</p>.<p>Just a week after his blockbuster takeover, Elon Musk sacked half of Twitter's 7,500-strong staff in November as part of his major overhaul of the troubled company.</p>.<p>Workers around the world were shown the door and took to Twitter to vent their frustration or disbelief and say good-bye to one of Silicon Valley's most iconic companies.</p>.<p>The cull is part of Musk's push to find ways to pay for the mammoth $44 billion deal for which he took on billions of dollars in debt.</p>.<p>At the end of August, Snapchat's parent company Snap let go about 20 per cent of its employees, around 1,200 people, in a bid by the photo-centric messaging app to dig itself out amid competition and revenue woes.</p>.<p>While its user numbers continue to grow -- 363 million daily users in October -- it is saddled by diminishing profits and competition from other apps, such as TikTok.</p>
<p>Google's announcement Friday it would <a href="https://www.deccanherald.com/business/business-news/google-axes-12000-jobs-ceo-pichai-says-sorry-1182932.html" target="_blank">slash nearly 12,000 jobs</a> worldwide is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn.</p>.<p><strong>Here are the others:</strong></p>.<p>Amazon said on January 5 it would cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact it had "hired rapidly" during the pandemic.</p>.<p>During Covid, Amazon had gone on a hiring spree to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and start of 2022.</p>.<p>It was the largest among the recent workforce reductions in the US tech sector and the biggest for the Seattle-based company.</p>.<p>At the end of September, the group had 1.54 million employees worldwide.</p>.<p>In what Mark Zuckerberg called "the most difficult changes we've made in Meta's history," the CEO of the company that owns Facebook, Instagram and WhatsApp announced in November a cut of 11,000 jobs, or some 13 per cent of staff.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/technology/twitter-plans-further-layoffs-report-1182454.html" target="_blank">Twitter plans further layoffs: Report</a></strong></p>.<p>Zuckerberg told his 87,000-strong employees he had expected the boost in e-commerce and online activity during the pandemic to continue, but admitted he had been wrong.</p>.<p>Meta's poor performance in 2022 sent its share price plummeting, as well as a sharp drop in sales and stagnation in its user numbers.</p>.<p>On January 18, Microsoft announced it would lay off 10,000 employees in the coming months.</p>.<p>The cuts were "in response to macroeconomic conditions and changing customer priorities," the maker of the Windows operating system said in a US regulatory filing.</p>.<p>The plan followed two smaller rounds of layoffs in 2022, one in July affecting less than one per cent of the workforce and a second in October targeting under 1,000 people.</p>.<p>Microsoft, which went on a major hiring spree during the pandemic to meet a surge in demand for its software and cloud computing services, currently has 2,21,000 employees, including 1,22,000 in the United States, according to its website.</p>.<p>Just a week after his blockbuster takeover, Elon Musk sacked half of Twitter's 7,500-strong staff in November as part of his major overhaul of the troubled company.</p>.<p>Workers around the world were shown the door and took to Twitter to vent their frustration or disbelief and say good-bye to one of Silicon Valley's most iconic companies.</p>.<p>The cull is part of Musk's push to find ways to pay for the mammoth $44 billion deal for which he took on billions of dollars in debt.</p>.<p>At the end of August, Snapchat's parent company Snap let go about 20 per cent of its employees, around 1,200 people, in a bid by the photo-centric messaging app to dig itself out amid competition and revenue woes.</p>.<p>While its user numbers continue to grow -- 363 million daily users in October -- it is saddled by diminishing profits and competition from other apps, such as TikTok.</p>