Factbox: Big Tech, media firms start off 2024 with fresh U.S. job cuts

Aurora Innovation

26/01/2024 17:08

Jan 26 (Reuters) - Big Tech and media companies in the
U.S. have kicked off 2024 with fresh plans to cut jobs,
signaling the spate of layoffs seen last year will likely
continue as firms navigate persistent economic uncertainty.
    Here are some of the job cuts announced by tech and media
companies in January. 
        Amazon  AMZN.O  
    Jan. 18 - The Buy with Prime unit laying off less than 5% of
its employees.
    Jan. 11 - Audiobook and podcast division Audible laying off
5% of its workforce, according to a memo from the head of the
division.     
    Jan. 10 - Amazon set to lay off several hundred employees in
its streaming and studio operations, extending job cuts into
2024. 
    Jan. 9 - Streaming unit Twitch to cut 35% of its staff, or
about 500 workers, as reported by Bloomberg News. 
    
        Alphabet  GOOGL.O  
    Jan. 22 - X Lab, Alphabet's division for developing new
technology, laying off dozens of workers and turning to outside
investors for funding.
    Jan. 16 - Google, part of Alphabet, laying off hundreds of
employees in its advertising sales team.    
    Jan. 11 - Google laying off hundreds of people across teams,
including the hardware team responsible for Pixel, Nest and
Fitbit, and the majority of those in the augmented reality team.

        Salesforce  CRM.N  
    Jan. 26 - Salesforce laying off about 700 employees, roughly
1% of its global workforce, according to the Wall Street
Journal.

        Microsoft  MSFT.O  
    Jan. 25 - Microsoft set to lay off 1,900 employees at
Activision Blizzard and Xbox.
    
        Paramount Global  PARA.O  
    Jan. 25 - Paramount Global plans an unspecified number of
layoffs, aims to become a leaner organization.

        Business Insider
  
    Jan. 25 - Business Insider plans to lay off around 8% of its
staff, according to CEO Barbara Peng.

        IBM  IBM.N  
    Jan. 24 - IBM plans to lay off some employees in 2024, but
will hire more for AI-centered roles, likely ending the year
with its headcount unchanged.
    
        Aurora Innovation  AUR.O  
    Jan. 24 - Autonomous vehicle technology company Aurora
Innovation said it had cut 3% of its workforce as part of a
reorganization exercise.

        eBay  EBAY.O  
    Jan. 23 - eBay plans to cut about 1,000 roles, or around 9%
of its current workforce.
    
        Los Angeles Times
  
    Jan. 23 - The Los Angeles Times plans to lay off 94
journalists who are members of the newspaper's union.

        Walt Disney  DIS.N  
    Jan. 11 - Pixar Animation Studios, part of Walt Disney, set
to cut jobs after completing production on some shows and having
more staff than needed.
    
        Unity Software  U.N  
    Jan. 8 - Videogame software provider Unity Software plans to
lay off approximately 25% of its workforce, to cut around 1,800
jobs.

 (Reporting by Zaheer Kachwala, Harshita Mary Varghese and
Priyanka.G in Bengaluru; Editing by Pooja Desai)
 ((Zaheer.Kachwala@thomsonreuters.com;))