![Tech layoffs cross 70,000 in April 2024: Google, Apple, Intel, Amazon, and these companies cut hundreds of jobs](https://newshaq.com/wp-content/uploads/2024/05/1709193174-1024x576.webp)
Major Layoffs in April 2024
The wave of mass layoffs in April 2024 has affected several major companies worldwide, including tech giants like Apple, Google, and Tesla. Here's a breakdown of the key developments:
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Apple
- Number of Layoffs: 614 employees
- Affected Group: Special projects group, including employees working on the self-driving car project.
- Impact: First significant job cuts since the pandemic began.
- Details: Some employees were based in overseas locations.
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Google
- Number of Layoffs: Not specified but described as a "lot."
- Affected Teams: Employees working on Python, Flutter, and Dart.
- Reason: Part of company restructuring efforts.
- Opportunity: Impacted employees have the option to apply for other open roles within the company.
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Amazon
- Number of Layoffs: Hundreds of roles.
- Affected Division: Cloud computing division, impacting sales, marketing, and technology teams.
- Objective: Streamline targeted areas and focus on core business objectives.
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Intel
- Number of Layoffs: Approximately 62 employees.
- Location: Headquarters in Santa Clara, California.
- Reason: Part of a reorganization led by Christoph Schell in the Sales and Marketing Group.
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Tesla
- Number of Layoffs: Thousands across multiple divisions.
- Objective: Reduce global headcount by around 10%.
- Reason: Challenges with diminishing sales and heightened price competition.
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Ola Cabs
- Number of Layoffs: 200 employees, around 10% of its workforce.
- Leadership Change: CEO Hemant Bakshi resigned, with co-founder Bhavesh Aggarwal taking over day-to-day operations.
- Reason: Restructuring amidst financial challenges.
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Healthifyme
- Number of Layoffs: 150 employees, about 27% of its workforce.
- Impact: Primarily sales and product teams.
- Objective: Make India business profitable and expand in the US market.
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Whirlpool
- Number of Layoffs: Approximately 1,000 salaried employees globally.
- Objective: Cost-cutting efforts, aiming to save up to $400 million in costs this year.
- Details: The move is expected to incur about $50 million of restructuring charges in 2024.
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Take-Two Interactive
- Number of Layoffs: Around 5% of its workforce.
- Impact: Cancelling several projects in development.
- Details: Completed the process of "right-sizing" its business and acquired Gearbox from the Embracer Group.
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Telenor
- Number of Layoffs: 100 employees at its headquarters in Norway.
- Details: Significant reduction of temporary staff and consultants in its Norwegian unit.
- Reason: Part of a reorganization.
These layoffs reflect the challenges faced by companies in the current economic climate and their efforts to adapt to changing market conditions. It's crucial for companies to prioritize the well-being of employees and support them through transitions during such challenging times.