Tech Giants Slash Jobs: Amazon, Meta, Microsoft, HP Announce Major Layoffs Amid Restructuring
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Firstpost•30-01-2026, 13:46
Tech Giants Slash Jobs: Amazon, Meta, Microsoft, HP Announce Major Layoffs Amid Restructuring
- •Major tech and corporate companies including Amazon, HP, Pinterest, Meta, Flipkart, Zepto, xAI, Nestle, and Ubisoft have announced significant layoffs.
- •Layoffs are driven by rising operational costs and a strategic shift towards Artificial Intelligence investments.
- •Amazon plans to lay off around 16,000 employees globally, with 500-700 roles in India (AWS and retail) likely impacted.
- •Ubisoft is proposing to cut up to 200 employees at its Paris headquarters, about 20% of its staff, as part of cost-cutting.
- •Nestle aims to cut 12,000 white-collar jobs and 4,000 production/supply chain roles to save 1 billion Swiss francs.
Why It Matters: Tech and corporate giants are undergoing massive layoffs globally, driven by cost-cutting and AI-focused restructuring.
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