[cityhantam]

https://www.thestar.com.my/business/busi...6000-staff
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[cityhantam]

https://inc42.com/features/indian-startu...s-tracker/
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[cityhantam]

https://www.forbes.com/sites/emilymason/...staff/amp/
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[cityhantam]

https://www.reuters.com/legal/legalindus...023-04-05/
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[cityhantam]

https://www.computing.co.uk/news/4111647...ch-layoffs
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IBM and Kyndryl synchronise job cuts
The other big news this week is IBM, plus spin-off Kyndryl, both laying off staff.
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[cityhantam]

https://www.cnbc.com/amp/2023/04/06/layo...e-way.html

Layoffs are up nearly fivefold so far this year with tech companies leading the way


Planned layoffs totaled 89,703 for the period, an increase of 15% from February, according to Challenger, Gray & Christmas.

Job cuts have soared to 270,416 so far in 2023, an increase of 396% from the same period a year ago.

The damage was especially bad in tech, which announced has announced 102,391 cuts so far in 2023. 

That's a staggering increase of 38,487% from a year ago.
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[cityhantam]

This is the Beginning of a Huge Wave of Bankruptcies and Layoffs Indicate It's Going to Get Worse
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[cityhantam]

New Data Shows Mass Layoffs Are Imminent as Consumer Demand and Retail Sales Plummet
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[RiseofAsia]

Samsung profit also nosedive. Jialat…

[RiseofAsia]

Samsung to cut chip production after profits plunge 96%

https://finance.yahoo.com/amphtml/news/s...05937.html

[cityhantam]

https://www.cnbctv18.com/business/compan...276541.htm

Disney's 7,000 job cuts begin as company streamlines business operations

The Burbank-based entertainment conglomerate had declared in February that it plans to slash 7,000 jobs as part of its efforts to cut costs and turn its struggling streaming business profitable. The goal is to achieve a savings of $5.5 billion, the company had said.
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[cityhantam]

https://www.forbes.com/sites/qai/2023/04...-cuts/amp/

We're Not Done With Layoffs Yet As Meta, Disney And Amazon All Make Further Cuts
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[cityhantam]

https://www.reuters.com/business/autos-t...023-04-26/
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[cityhantam]

https://www.cnn.com/2023/04/25/business/...index.html
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[cityhantam]

https://www.channelnewsasia.com/business...rt-3339071
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[cityhantam]

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[cityhantam]

https://www.reuters.com/business/finance...023-06-13/
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[cityhantam]

【盧秀芳辣晚報】上半年虧破573億美元 聯準會13年來首次裁員 美企破產潮 | 美聯儲巨虧 破產潮來了@CtiNews精華版
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[victortan]

https://www.verdict.co.uk/20-tech-compan...s-in-2022/

20 tech companies suffering through mass-layoffs in 2022

The spectre of mass-layoffs is haunting the tech industry.

The Big Tech industry is suffering through a bloodbath right now. New companies constantly add their names to the list of businesses announcing mass-layoffs. A combination of market volatility and over-optimism caused by the pandemic has forced the industry to rethink its strategy for the future. Unfortunately for many staff members, that means they must now search for employment elsewhere.

my condo i tenant out told me now factory order also getting softer, he is the general manager... that means gg to cut over time and so on..

jiat lat liao,, next yr recession,, sillypore grow only 1%,, no job high inflation, more ppl will commit suicide,

[Wy:Nox]

https://inc42.com/features/indian-startu...s-tracker/
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28k layoffs in large countries like India or even China is insignificant. MP Tan SL will just turn a blind eye and absorb them here to replace locals.

[cityhantam]

The Federal Reserve is tightening its belt and cutting about 300 people from its roster — a combination of layoffs, retirements and attrition, a Fed spokesperson said. This is the first round of layoffs at the central bank since 2010, with the information technology and payment processing departments seeing the bulk of the cuts. 

Although Fed Chairman Jerome Powell said earlier this week that the U.S. economy is “stronger than just about anybody expected,” the Federal Reserve has lost more than $100 billion in recent months as a result of paying more in interest than it earns.

https://www.linkedin.com/news/story/fed-...s-6444786/

No money to pay salary?

[cityhantam]

https://big4accountingfirms.com/the-blog...3-layoffs/

Big 4 Accounting Firms 2023 Layoffs

2023 has proven to be a tough year economically for many companies. There has been a huge lift in the tech market related to AI however other industries have suffered. Consulting is one of those industries and that is why the big 4 accounting firms have started to lay people off. Most of their layoffs are in the consulting practices. The layoffs in consulting also relate to private equity and M&A activity. This is as a result of a slowdown in investments around the world.

EY – 3,000 layoffs – April 2023 – US

Deloitte 1,200 layoffs – April 2023 – US

KPMG – 3,000 Layoffs – As of June 2023 – US

Grant Thornton – 300 Layoffs – May 2023 – US

PwC – no official layoffs. People are saying that there are going to be silent layoffs.

[victortan]

https://www.cnbc.com/2022/11/09/tech-layoffs-2022.html

Here’s a rundown of tech companies that have announced layoffs in 2022

true,,,next year could be a recession and the yield normalise...

historically, when yield start to normalise from inverted//. recession occur within months..

likely 1Q or end Q2.. we shall see.

[Ola]

That stupid Dead Dragon still wants to hold on to his Compass Framework 

when this is the BEST period to reduce the salary of FTs & PRs to save the tech companies

[FangFang]

Technology will take over slowly now.

[cityhantam]

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[cityhantam]

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[cityhantam]

https://www.ndtv.com/feature/difficult-d...es-4684126

"If We Didn't Act...": Sundar Pichai On Why Google Had To Fire 12,000

The recent all-hands meeting at Google continued to be dominated by discussions about the company's layoffs.

[cityhantam]

https://www.cnbc.com/2023/12/21/over-100...-went.html

Over 100,000 workers were laid off from tech jobs this year—here’s where they went
Published Thu, Dec 21 20232:53 PM EST
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[cityhantam]

https://www.straitstimes.com/business/co...rce-demand
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