So far this year, 35,360 technical jobs have been lost in the USA, with the majority in San Francisco, including Microsoft, Amazon, Google, PayPal, and Block.
Paramount Global to cut 800 jobs, or roughly three per cent of the company’s workforce, as it looks to trim costs.
Meanwhile, global music entertainment company Warner Music Group has announced to lay off 10 per cent of its workforce, or about 600 employees, in order to free up more money for music investment across the next decade.
US-based grocery delivery company Instacart has announced to lay off about 7 per cent of its global workforce, or about 250 employees, as part of a restructuring plan. The announcement came as the company posted fourth-quarter earnings that were approximately in line with analysts' revenue expectations.
As per Instacart, the layoffs are aimed at middle management and creating a flatter organisational structure, as well as focusing teams on major projects like advertising efforts on Roku, Google Ads and more.
According to its website, Instacart shoppers and drivers deliver groceries to over 5,500 cities from over 85,000 supermarkets and other retailers. The business grew during the Covid-19 outbreak as people avoided public places.
Mozilla, the developer of Firefox browser, is reportedly laying off 60 employees, as the company plans to scale back its investment in several products.
Mozilla said in a memo that it will focus on bringing “trustworthy AI into Firefox” and to do so, it will bring together Pocket, Content, and the AI/ML teams supporting content with the Firefox Organisation, reports TechCrunch.
Mozilla will also shut down Hubs, the 3D virtual world it launched back in 2018, and scale back its investment in its mozilla.social Mastodon instance.
“The actions we’re taking will make this strategic correction, working through a much smaller team to participate in the Mastodon ecosystem and more rapidly bring smaller experiments to people that choose to live on the mozilla.social instance,” the company added.