By Danielle Ong
01/08/23
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KEY POINTS
KEY POINTS
On Jan.6, Twitter cut a dozen jobs related to global content moderation
Amazon will lay off at least 18,000 employees due to uncertain global economic outlook
Vimeo will lay off 11% of its workforce due to the 'uncertain economic environment'
At least six companies across the United States have announced plans to lay off employees in the coming months.
Twitter Inc., under new owner Elon Musk, made at least a dozen job cuts on the night of Jan. 6, Bloomberg News reported, citing people with knowledge of the matter. The layoffs affected employees working in the trust and safety team handling global content moderation for the company's Dublin and Singapore offices.
The job cut also affected the Head of Site Integrity for Twitter's Asia-Pacific region Nur Azhar Bin Ayob and the company's Senior Director of Revenue Policy, Analuisa Dominguez.
Since Musk's takeover in October, at least 5,000 of Twitter's 7,500 employees have either departed or been fired.
Fast-food giant McDonald's is also planning layoffs to help the company innovate faster and accelerate its restaurant expansion, CNBC reported, citing a company-wide memo given to employees by CEO Chris Kempczinski.
It is unclear how many employees will be impacted by the job cut. McDonald's is expected to begin communicating its layoff decisions by April.
Amazon last week announced plans to lay off at least 18,000 employees due to the uncertain global economic outlook. Employees working for the company's human resources department, Amazon Stores, Amazon Go and its People, Experience and Technology teams will be informed of the cut-offs as early as Jan. 18.
Software giant Salesforce on Wednesday said it will be eliminating 10% of jobs, which amounts to more than 7,000 positions, due to falling profits and revenues. In addition, the company is also losing two of its top executives by the end of January, namely co-CEO and Vice Chair Bret Taylor and Slack CEO Stewart Butterfield.
Video platform Vimeo rang in the New Year with an announcement of cutting at least 11% of its workforce due to the "uncertain economic environment," CEO Anjali Sud said in an email to employees, which was shared on the company's blog. Majority of employees affected by the layoff work in the company's Sales and R&D departments.
Goldman Sachs is also expected to cut at least 4,000 employees, or 8% of its workforce, within the coming days, as per Fortune. The layoffs are in response to several factors, including "tightening monetary conditions that are slowing down economic activity."
Goldman Sachs is also expected to cut at least 4,000 employees, or 8% of its workforce, within the coming days, as per Fortune. The layoffs are in response to several factors, including "tightening monetary conditions that are slowing down economic activity."
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