homephotos Newseducation News

10 big tech companies and their big layoffs in 2022

10 big tech companies and their big layoffs in 2022

10 big tech companies and their big layoffs in 2022
Read Time3 Min(s) Read
Profile image

By CNBCTV18.com Sept 23, 2022 6:08:43 PM IST (Updated)

Switch to Slide Show
Slide Show


Budget cuts, poor performances, and supply chain disruptions are impacting some of the biggest tech companies in the world. So far, the year 2022 has seen a series of layoffs from companies like Microsoft, Meta, Twitter, Snapchat and many others. The latest one to join the trend is India’s third-largest software exporter, HCL Technologies. The IT major has laid off 350 employees globally, who were reportedly working on its client Microsoft’s news-related products. Here’s a look at the tech giants that have laid off employees in 2022.

Image count1 / 10

HCL |  Employees laid off: 350 | HCL Technologies recently laid off 350 employees globally who were working on its client Microsoft’s news-related products. These employees were from across geographies, including Guatemala, the Philippines and India. (Image: Shutterstock)

Image count2 / 10

Snap | Employees laid off: More than 1,280 | Parent company of Snapchat has laid off approximately 20 percent of its workforce in a bid to reduce costs. As reported by Engadget, the company let go of around 1,300 of over 6,400 employees. (Image: Shutterstock)

Image count3 / 10

Better.com | Employees laid off: Between 4,500 to 4,700 | Better.com gave pink slips to 900 employees in 2021, and made headlines for the way it delivered the message--through a Zoom call. In April 2022, the company laid off an additional 1,200 to 1,500 employees and in the next couple of months it laid off over 3,100 members of staff across both the United States and India. Better.com is expected to make its fourth round of layoffs in a year and 250 ‘or more' roles are potentially on the chopping block as per a TechCrunch report. (Image: Shutterstock)

Image count4 / 10

Meta | Employees laid off: 60 | Meta terminated 60 contract workers from Accenture, according to a report by Bloomberg. Since Meta is looking to shift its work to Singapore, another 600 of Accenture workers on Facebook projects are expected to lose their job. (Image: Shutterstock)

Image count5 / 10

Apple | Employees laid off: 100 | Apple has cut over 100 contractor roles across several regions, as reported by Bloomberg. The contractors were from the recruitment arm of the company. (Image: Shutterstock)

Image count6 / 10

Microsoft | Employees laid off: Around 2000 | Microsoft earlier laid off about 1810 employees and recently, as per a Business Insider report, it showed the door to the Modern Life Experiences team of 200 workers. This department focused on professional consumers, which was originally formed in 2018. (Image: Shutterstock)

Image count7 / 10

Netflix | Employees laid off: 450 | Netflix saw its subscriber shrink for the first time in 2022, due to fierce competition from the other streaming services. The company blamed slowed revenue growth. Earlier in May, Netflix laid off about 150 of its staff, including 25 from its fan site Tudum. (Image: Shutterstock)

Image count8 / 10

Twitter | Employees laid off: Fewer than 100 people | Twitter paused hiring during Elon Musk's acquisition bid and reportedly to cut costs the company let go of around 100 employees. (Image: Shutterstock)

Image count9 / 10

Shopify | Employees laid off: 1,000 staff | Shopify laid off about 1,000 employees in July and the company stated that most departments were in recruitment, staff, and sales. (Image: Shutterstock)

Image count10 / 10

Tencent | Employees laid off: 5,500 | The Chinese tech major, Tencent, announced it had laid off 5,500 employees from its payroll in the last quarter. This was the first major layoff by the company in 10 years which came after missing quarterly revenue estimates. (Image: Shutterstock)

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers