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The last few months have been dark for the technology sector. Several Big Tech companies have carried out mass layoffs, citing "macroeconomic conditions" among the reasons for issuing pink slips to their employees. Social media is awash with heartbreaking stories of employees recounting the ordeal of being suddenly laid off. Google, Twitter, Amazon, Salesforce, Spotify and other large global companies have "removed" their workforces in "restructuring" exercises. Here is a list of the top companies that have laid off their staff. 1. International Business Machines (IBM): The computer giant announced Thursday that it will lay off 3,900 workers as part of certain "asset divestments." The company said it missed its annual cash target, Reuters reported. The company said its 2022 cash flow was $9.3 billion, below its $10 billion target due to "higher-than-expected working capital requirements."
2. SAP SE: The German software company plans to lay off 3,000 employees this year as it plans to sell its remaining stake in Qualtrics International, looking for ways to boost profits, Bloomberg reported. The company said it expects adjusted operating profit for this year to reach a range of 8.8 billion euros to 9.1 billion euros. 3. Prosus NV: The Amsterdam-based e-commerce company said it plans to cut its workforce by 30%. The layoffs will take place at its corporate centers in Hong Kong, Amsterdam and South Africa, Bloomberg reports. The company's chief executive, Bob van Dijk, said in an interview that the job cuts would occur over a 12-month period and that 15 sites would be affected. 4. 3M: The US conglomerate plans to lay off 2,500 manufacturing workers, citing "persistent economic hurdles." 3M said the job cuts were necessary due to declining production volumes, Bloomberg reported. The company had around 95,000 employees at the end of 2021. It has twice slashed its full-year 2022 sales and profit outlook. ALSO READ: After mass layoffs, thousands of Indian technicians struggle to find new jobs in the US . Salesforce: Earlier this month, the cloud computing company announced that it would lay off about 8,000 employees, or about 10% of its workforce. The cuts were the largest in the company's 23-year history. Laid-off workers who lost their jobs will receive nearly five months' salary, health insurance, labor resources and other benefits, the AP reported. 6. Google: The search engine giant announced some 12,000 layoffs worldwide. In an internal letter to its employees, Alphabet CEO Sundar Pichai said the job cuts were made in response to a changing "economic reality". "We have conducted a rigorous review of all product areas and functions to ensure our people and roles are aligned with our top priorities as a company," Pichai wrote. ALSO READ: Employee fired at 3am after 16 years at Google: '100% disposable...'7. Microsoft: The tech giant recently announced that it would lay off 10,000 workers, or nearly 5% of its workforce. In his letter to employees, Chief Executive Satya Nadella said he was confident Microsoft would get out of the situation. "We will align our cost structure with our revenues and where we see customer demand. Today we are making changes that will reduce our overall headcount by 10,000 jobs through the end of the fiscal year. 23 in the third quarter," Nadella wrote.8 . Amazon: The e-commerce giant will lay off more than 18,000 employees, and CEO Andy Jassy announced that the move follows the company's annual planning process. The layoff is concentrated in the ranks of the company, mainly in the retail division and in human resources functions. 9. Meta: The social media giant run by Mark Zuckerberg laid off more than 11,000 workers in November of last year. In a Facebook post, Zuckerberg said he was sorry and took responsibility for the decisions. According to an AP report, the company has been hit by a slowing economy and unfavorable forecasts for online advertising. 10. Twitter: In October, Tesla CEO Elon Musk took over the social media giant Twitter for a whopping $44 billion. Shortly after the acquisition, it went through a layoff exercise, cutting more than 50% of its total workforce. Job cuts affected employees in several countries, including India.11. Spotify: the streaming music platform Spotify has also announced its decision to cut 6% of its workforce. The company's CEO announced the decision to employees, which was also posted online. “To better align our costs, we made the difficult but necessary decision to reduce our number of employees,” writes Daniel Ek.
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