Apple, Google, Byju’s among tech cos which effected nearly 22,000 layoffs in April alone: Report

According to the most recent data released by layoffs.fyi, as many as 21,473 workers from 50 technological companies were let go in April 2024 alone. After the COVID-19 epidemic turned the world upside down, at least 271 organizations have let go of 78,572 employees this year.

The platform, which tracks tech layoffs, indicates that the April job cuts are in line with the continuous pattern of layoffs in 2024. As many as 34,107 job losses took place in 122 companies in January, followed by 15,589 layoffs in 78 companies in February, and 7,403 job losses in 37 companies in March.

April saw a notable increase in layoffs, despite a minor decline in March.

Tech Layoffs in April
Apple
In a significant layoff of 614 workers, Apple made its first wave of layoffs since the start of the Covid-19 outbreak. The majority of these workers were in Apple’s special projects division; a few of them were involved in an abandoned self-driving car project. There may be additional layoffs in the future, possibly from abroad.

Google
Many workers from various projects, including those working on Python, Flutter, and Dart, were let go by Google. The impacted employees had the opportunity to apply for other positions within Google and in other regions, although this was a part of a company reorganization. As they attempted to cut expenses, they also had to let rid of a few staff in divisions like finance and real estate.

Amazon
Amazon’s cloud computing division laid off hundreds of workers, impacting teams in charge of technology, sales, and marketing for physical shops. This action is a part of Amazon’s attempt to simplify its business processes and concentrate more on its core objectives.

Intel
At its headquarters, Intel laid off roughly sixty-two workers, mostly in the sales and marketing division, as part of a reorganization that was spearheaded by Christoph Schell.

Byju’s
An edtech company called Byju’s had to fire roughly 500 workers because of financial problems and dissatisfaction among investors. This includes those in marketing, sales, and instructional positions.

Tesla
Elon Musk’s electric motor startup, Tesla, was forced to fire hundreds of workers in several areas. In light of their struggles with sales and competitiveness, they decided to cut roughly 10% from their total staff.

OLA Cabs
Hemant Bakshi, the CEO of OLA Cabs, resigned, and the company eliminated 200 jobs, or around 10% of its staff. Now, the co-founder is in charge of day-to-day operations.

Whirlpool
The home appliance manufacturer Whirlpool laid off roughly 1,000 workers globally in order to reduce costs.