The two major employers, Ericsson is to cut 750 of its US jobs & Accenture plans to cut 890 jobs from its Irish operations.
Ericsson makes a cost-cutting move: 750 US jobs
5G equipment supplier Ericsson said it would cut 750 employees from its North American business as it shutters its field services operation.
In February, The company officially announced a global workforce reduction of 8,500 jobs. It employs more than 11,500 workers in North America and over 103,000 globally.
Accenture to layoff 13% of workforce in Ireland
An Irish-American professional services company, Accenture is planning to cut around 890 jobs from its Irish operations.
It will be a round of global job reductions announced in March. The company currently has over 6,500 staff.
In March 2023, the company announced its decision to let go of 19,000 people from its global workforce, that is, about 2.5 percent of its total workforce.
The Irish-headquartered multinational – which ranks as one of the country’s biggest private-sector employers
Milkbasket employees face layoff amid JioMart merger
It is expected that Reliance-owned Milkbasket will begin the merger with the brand with JioMart, its e-commerce platform.
The merger will lead to layoffs. It is expected that around 25 to 30 percent of the employees working at Milkbasket have been laid off over the past few months. This will be to approximately 600 employees from the offline marketing, sales, and head office teams.
Amazon sacked 27,000 employees in the last three months. The major companies that laid off employees include Infosys, Amazon, Google, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.
So far in 2023, there have been 1,325 layoffs at tech companies with 326,901 people impacted (1,535 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day).