Job Cuts Continue in 2024
Despite receding recession fears, companies in the United States and Canada continue to announce job cuts in 2024, following a wave of layoffs in 2023.
Amazon: Layoffs across various divisions, including Buy with Prime, Audible, Twitch, healthcare units, AWS, and physical stores technology team.
Dozens of layoffs at X Lab, hundreds in advertising sales and hardware teams, and a majority in the augmented reality team.
Around 1,900 jobs cut at gaming divisions Activision Blizzard and Xbox.
Plans to lay off some employees in 2024 but will hire more for AI-centered roles.
More than 15% of its workforce, some 17,500 people, will be laid off as the chipmaker pursues a turnaround.
Plans to cut about 1,000 roles or around 9% of its workforce.
To cut about 25% of workforce, or 1,800 jobs.
Plans to reduce its workforce by about 6%, or 400 employees.
Plans to cut around 528 jobs or 10% of its global workforce.
Laying off about 700 employees, or roughly 1% of its global workforce.
Planning to restructure its business which will include laying off thousands of employees.
Additional layoffs announced across various industries, including electric vehicles, media, retail, and finance.
The economic outlook remains uncertain, and it is unclear how long these job cuts will continue.