New Delhi: Major tech companies are laying off their employees in large numbers sending jitters across workers, just as AI technology is increasingly threatening to grab jobs, according to a report in The Indian Express.
Companies that laid off workers in their thousands in a week in October alone include Intel, Microsoft, and Salesforce among others.
The move, according to a report, is part of cutting costs with Amazon announcing that it will lay off about 14,000 corporate employees.
This massive job cuts come in the crucial age of AI with more companies are reporting similar moves.
The job cuts happening in the US now will have its repercussions in India as well given the fact most of these companies have sizeable presence in the country.
US-based logistics firm UPS announced it would be removing over 48,000 employees, hours after Amazon reported similar move on Tuesday.
UPS, having 4, 90,000 employees worldwide at the end of 2024, reportedly said its move was for broader reorganization efforts in order to reducing delivery services for Amazon packages.
Amazon sent shockwaves when the company announced that it would lay off about 14,000 employees with reports initially claiming that it would reach 30,000.
The job cuts announced by tech giant Intel reportedly could have affected over 20,000 employees.
In May, Microsoft said that it would fire around three percent of its employees which means at least 6,000 workers. Among those lost job is company’s AI director Gabriela de Queiroz.
Salesforce’s CEO Marc Benioff reportedly said that the company has cut over 4,000 of its customer support roles, adding that ‘I’ve reduced it from 9,000 heads to about 5,000, because I need less heads’.