IN PICS | Amazon, Twitter, Meta, More: Tech Giants That Are Laying Off Employees

Tech behemoths like Amazon, Meta, and Twitter are heavily laying off employees across the globe, owing to factors such as reduced consumer demand and oversized growth during the pandemic.

Amazon, Twitter, Meta, More: Tech Giants That Are Laying Off Employees

Amazon is the latest in the list of firms firing in mass. The company is reportedly laying off 10,000 people in corporate and technology jobs, which is about 1 per cent of its workforce. [Image Credit: Getty]

Meta is laying off 11,000 employees, which is 13 per cent of its total workforce, after a steep slide in digital ad revenue and profit. The mass layoff is the first broad head-count reduction to occur in Meta's (earlier Facebook) 18-year history. [Image Credit: Getty]

Twitter cut 50 per cent of its estimated headcount of 7,500 employees after Elon Musk’s $44-billion takeover of the company. Musk also fired 4,400 of its 5,500 contract workers. [Image Credit: Getty]

Snap Inc. is firing around 1,200 employees out of its 6,400 workforces as the company “deals with its lowest period of sales growth. [Image Credit: Getty]

Disney’s Chief Executive Bob Chapek has reportedly said that company-wide cost-cutting and layoffs are likely as the company reported a $1.5 billion quarterly loss in its streaming business. [Image Credit: Getty]