As 2024 has started the companies have started laying off employees. Recently, as per various media reports, BlackRock will sack nearly 600 employees, or 3% of its global workforce.
Chief Executive Officer Larry Fink and President Rob Kapito said, “We see our industry changing faster than at any time since the founding of BlackRock.”
“And, perhaps most profound, new technologies are poised to transform our industry – and every other industry,” they added.
The company had a workforce strength of 19,800 at the end of December 2022.
According to Reuters, On the other hand, Amazon.com streaming unit Twitch will sack 35% or about 500 employees. The layoffs will impact the employees as the business remains unprofitable nine years after Amazon acquires the company,
Also Watch- The Future of Work in 2024, Click Here
However, Twitch has yet to comment on the layoffs. In March 2023, the company announced that over 400 Twitch employees would be part of layoffs.
Recently, the e-commerce platform, Flipkart will sack 5-7% workforce based on a performance review that will be completed by March-April.
Flipkart, excluding its fashion portal Myntra, currently employs 22,000 employees. The reports also suggested that this is not the first time Flipkart has sacked employees due to annual performance the company has been carrying a similar kind of layoffs for the past two years.
As per Trueup, In the first 10 days so far in 2024, there have been 43 layoffs at tech companies with 8,709 people impacted (871 people per day). In 2023, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day).
Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, to subscribe to YouTube – Click Here, and for LinkedIn– Click Here.
