"Amazon CEO Andy Jassy wrote that the staff reductions were set off by the uncertain economy and the company's rapid hiring over the last several years." Source
Intel said Tuesday it has reduced potential stock payouts for CEO Pat Gelsinger after fielding complaints from investors. The cuts come as employees are bracing for layoffs across the company, part of a broader plan to reduce corporate spending. Source
Cord cutting and streaming habits have pushed this change.. "AMC Networks to See ‘Large-Scale Layoff’ After Streaming" Source
Link to AMC Networks
Atlanta employees stated they were among the 1,500 across the U.S. impacted by the car retailer's mass layoffs.
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Facebook parent Meta tells state it'll cut 222 jobs in Austin
About 11% of local employees losing jobs, filing indicates
While Google has so far avoided the widespread job cuts that have hit tech companies, particularly those supported by a slumping ad market, internal anxiety is on the rise, according to documents viewed by CNBC and employees who spoke on the condition of anonymity.
Computer maker HP Inc. on Tuesday announced plans to slash between 4,000 and 6,000 employees by the end of 2025, becoming the latest tech company to announce mass layoffs as the sector grapples with inflation and recession fears. Link
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