At the end of the year 2022, Twitter, Meta and Amazon have made major layoffs in their workforce and have indicated to continue reviewing the performance of employees in the next year as well.
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By the end of the year 2022, thousands of employees working in the world’s leading tech companies are being made unemployed. In the last few days, one after the other, many big companies have announced a large number of layoffs. These companies have already banned new recruitments. In the midst of the rising inflation rate, there is a possibility of recession in many developed economies due to the strictness of the central banks, as well as the cost of the companies is also increasing continuously, to deal with which the companies are increasing the emphasis on retrenchment. These companies have their presence in India as well, in such a situation, the effect of this strike of retrenchment has also been seen on the Indian offices of these big companies. At present, no company has closed its office in the country. But uncertainty has increased among the employees working in these offices. Know what happened so far regarding the retrenchment
amazon
Amazon is going to show thousands of its employees the way out in the coming times. While starting this, the company had recently informed its regional officers in California that around 260 people would be evacuated from various centres. The New York Times has reported that the company will lay off more than 10,000 people. At the same time, in another report, this number has been claimed to be 20 thousand. Indicating in this direction, the company’s CEO Andy Jesse has accepted that this process of retrenchment will continue in the next year as well. At the same time, Jesse said that the company has not yet decided how many jobs are going to be affected, although cuts will definitely be made in some segments. He said the annual review process is going to continue next year as well. Amazon has also decided to shut down Amazon Distribution, its wholesale unit serving small shopkeepers in three districts of Karnataka.
At the same time last month, there was news that some employees working in India who are working in L1 to L7 bands got offers for Voluntary Separation Program ie VSP. That is, the company is trying to reduce the number of employees even without any controversy. In fact, the Ministry of Labor has shown strictness on the matter of retrenchment in large numbers and has sought answers from the company on retrenchment and VSP. At the same time, an employee union has also filed a petition in this matter. At present, further official information on all these is yet to be revealed.
meta
In November itself, Facebook’s parent company Meta had announced the removal of 11,000 employees. Which is about 13 percent of its total workforce. At the same time, CEO Mark Zuckerberg had said that he will continue to take cost-cutting measures even further and will ban new recruitments. The recent cutbacks have not had a significant impact on Indian employees. Only about 400 employees of the company work in India. Last December itself, the company had opened its first Asia office in Gurugram. Employees in the Indian office work in engineering, product, sales and external communication. The company refused to give information about the impact of layoffs on India. According to him, he is not sharing information about the effect on any particular team.
At the same time, after going into the hands of Musk, Twitter has seen the biggest retrenchment in its history. Twitter’s entire workforce has come down from 7500 to 2700 levels in a month. The complete figure of how many people have been removed from Twitter India has not been revealed, although according to media reports, Twitter has laid off a workforce of about 250 people in India. More than 160 people have been fired from the team. Although now there are indications that Twitter will start recruitment again. At the same time, before this, the company has also called back many of the fired employees. However, these employees are swinging in uncertainty due to the changed environment of Twitter. At present, this situation of uncertainty is also in India, many employees currently working in Twitter are unsure that their jobs may not be lost in the midst of firing old Twitter employees and recruiting new ones.
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