Скачать или смотреть Tech Layoffs Are Back! Meta, Microsoft Cut Thousands of Jobs | Firstpost Spotlight

Tech Layoffs Are Back! Meta, Microsoft Cut Thousands of Jobs | Firstpost Spotlight

Tech layoffs are back in 2025. After Microsoft, now Meta is cutting back on headcount. The Facebook and Instagram parent company is set to cut its global workforce by 5%, which is around 3600 employees. In an internal memo, Zuckerberg said that Meta is speeding up performance-based cuts "in anticipation of an intense year". In 2023, Meta had cut around 10,000 positions. Earlier this week, Microsoft announced its decision to lay off 1% of its "underperformers". In 2023, Microsoft cut around 10,000 jobs. Tesla, Amazon, Google, TikTok, Snapchat and Microsoft were among those with sizeable layoffs in 2024. What is causing the tech industry layoff? How are these tech layoffs in the US affecting Indians with H-1B visas? Watch this video for details.

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