Tech layoffs cross 70,000 in April 2024: Google, Apple, Intel, Amazon, and these companies cut hundreds of jobs

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:

• 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.
• 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.
• 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.
• 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.
• Tesla
  • Number of Layoffs: Thousands across multiple divisions.
  • Objective: Reduce global headcount by around 10%.
  • Reason: Challenges with diminishing sales and heightened price competition.
• 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.
• 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.
• 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.
• 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.
• 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.