Why Google Stadia is Shutting Down?
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Google
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Google's parent company Alphabet announced 12,000 job cuts, its CEO Sundar Pichai said citing the company's slow growth.
Microsoft
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The US tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023.
Meta
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Facebook parent company Meta eliminated 11,000 jobs, or 13% of its workforce amid a weak advertising market and mounting costs.
Twitter
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Elon Musk's Twitter announced further job cuts in 2023, saying that it will let go of 3,700 more employees.
Intel
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While Intel did not give out any number, its CEO Pat Gelsinger told Reuters 'people actions' would be part of a $3 billion cost-reduction plan.
Amazon
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Citing 'uncertain economy' and 'rapid hiring' Amazon said it will fire 18,000 employees. Several Indians have been laid off as a result.
Swiggy
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Swiggy CEO Srihisha Majety in an internal note to employees said that the company will lay off 380 employees.