In a fresh round of layoffs, recently the Singapore-based food delivery service, Foodpanda, and the US-based telecom gear company Cisco are reportedly planning to give pink slips to hundreds of their employees. (Image: Shutterstock)
Foodpanda confirmed the latest round of layoffs, reported CNBC on Friday. However, the company did not disclose the number of employees and the departments to be affected in this round of job cuts.
On the other hand, Cisco is going to slash its workforce by next month, according to a Seekingalpha report. In its second round of layoffs this year, the telecom company will lay off 350 employees in Silicon Valley. As per the recent reports, Cisco is about to lay off around 123 employees in Milpitas, California and another of 227 at its San Jose, California branches in October. (Image: Shutterstock)
Mass layoffs by global tech giants have been a troubling trend in 2023. According to layoffs tracker Layoffs.fyi, 1022 tech companies have laid off more than 2.36 lakh employees so far this year. In 2022, the layoffs across 1061 companies globally stood at over 1.64 lakh. As the job cuts have become significant in the past few months, here is a comprehensive list of the companies which gave pink slips to their employees. (Image: Shutterstock)
Microsoft | On July 19, 2023, the tech giant reduced its employee count by 1,000 mostly in sales and customer services departments, reported Forbes. However, as per a Microsoft spokesperson, prior to the same week the company conducted some other rounds of layoffs as well. (Image: Shutterstock)
Biogen | On July 25, 2023, the CEO of the Massachusetts-based Biogen announced a layoff of roughly 8,750 employees, according to a Forbes report. (Image: Shutterstock)
Yellow Corp. | The biggest round of layoffs by far in this quarter was by the American transport company Yellow Corp. on July 31. The company reportedly laid off all 30,000 employees and filed for bankruptcy. (Image: Shutterstock)
FedEx | On August 2, FedEx announced to lay off around 280 employees. (Image: Reuters)
Illumina | According to the state Worker Adjustment and Retraining Notification Notice in August, American biotech major Illumina announced to focus on cost cutting by laying off 151 employees in San Diego, to cut costs by more than $100 million. (Image: Illumina)
Roku | Audio and video equipment manufacturer Roku announced to let go of its 10 percent of workforce, which is roughly 360 employees. Previously, the company laid off twice in which there was a slash of 6 percent of its workforce once and 200 employees in another round. (Image: Shutterstock)
Google | Google announced to let go of hundreds of employees on September 13, reported the New York Times. The fresh round of layoffs comes after Google’s parent, Alphabet, carried out its biggest round of job cuts in the United States in January this year by laying off 12,000 employees. (Image: Shutterstock)