Layoffs continue, and tech companies continue to lay off employees. As of the second week of February, some well-known companies have announced significant layoffs, with tens of thousands of jobs lost since the start of the year. Here are the tech companies that announced layoffs this week:
Amazon cuts “100” jobs in healthcare division Amazon continues its trend of layoffs, this time in its One Medical division and Amazon Pharmacy division. The company has confirmed that “hundreds of roles” will be eliminated, with some sources suggesting up to 400 jobs could be eliminated. Neil Lindsay, senior vice president of Amazon Health Services, said the company is realigning resources to provide the best experience for customers and members. Affected team members will receive support from the company in the next steps.
Snap to cut 10% of its workforce Snap, the parent company of Snapchat, announced that it will lay off approximately 528 employees, representing approximately 10% of its global workforce. Snap said the restructuring will allow it to focus on executing its top priorities and make incremental investments to support long-term growth.
Licious lays off 80 employees as it focuses on growth Meat delivery company Licious has laid off 80 employees, about 3% of its workforce. The company is calling the move an “operational reset” to refocus on growth. As of January, the company had about 3,000 employees. In a statement released on Friday, Licious said it has over Rs 800 crore in cash from previous funding rounds.
Grammarly cuts 23% of its workforce Grammarly, the popular spelling check and grammar correction tool, recently laid off about 230 employees, representing about 23% of its workforce. CEO Rahul Roy Chowdhury clarified that the job cuts are due to the growing importance of AI and the company’s focus on promoting an AI-enabled workplace.
DocuSign lays off 440 employees Electronic signature company DocuSign announced restructuring plans Tuesday. 6% of employees will be laid off, primarily affecting sales and marketing departments. DocuSign has 7,336 employees, so approximately 440 jobs will be affected. This plan aims to improve financial and operational efficiency.
Bending Spoons’ acquisition of Meetup cuts jobs Bending Spoons, which operates Evernote, plans to move its Meetup operations from the United States to Europe, where Bending Spoons is based. The acquisition will result in layoffs, as Bending Spoons CEO Luca Ferrari acknowledged in a blog post. The company has already communicated the news of the layoffs to all Meetup staff.
Amazon cuts “100” jobs in healthcare division Amazon continues its trend of layoffs, this time in its One Medical division and Amazon Pharmacy division. The company has confirmed that “hundreds of roles” will be eliminated, with some sources suggesting up to 400 jobs could be eliminated. Neil Lindsay, senior vice president of Amazon Health Services, said the company is realigning resources to provide the best experience for customers and members. Affected team members will receive support from the company in the next steps.
Snap to cut 10% of its workforce Snap, the parent company of Snapchat, announced that it will lay off approximately 528 employees, representing approximately 10% of its global workforce. Snap said the restructuring will allow it to focus on executing its top priorities and make incremental investments to support long-term growth.
Licious lays off 80 employees as it focuses on growth Meat delivery company Licious has laid off 80 employees, about 3% of its workforce. The company is calling the move an “operational reset” to refocus on growth. As of January, the company had about 3,000 employees. In a statement released on Friday, Licious said it has over Rs 800 crore in cash from previous funding rounds.
Grammarly cuts 23% of its workforce Grammarly, the popular spelling check and grammar correction tool, recently laid off about 230 employees, representing about 23% of its workforce. CEO Rahul Roy Chowdhury clarified that the job cuts are due to the growing importance of AI and the company’s focus on promoting an AI-enabled workplace.
DocuSign lays off 440 employees Electronic signature company DocuSign announced restructuring plans Tuesday. 6% of employees will be laid off, primarily affecting sales and marketing departments. DocuSign has 7,336 employees, so approximately 440 jobs will be affected. This plan aims to improve financial and operational efficiency.
Bending Spoons’ acquisition of Meetup cuts jobs Bending Spoons, which operates Evernote, plans to move its Meetup operations from the United States to Europe, where Bending Spoons is based. The acquisition will result in layoffs, as Bending Spoons CEO Luca Ferrari acknowledged in a blog post. The company has already communicated the news of the layoffs to all Meetup staff.