Third time's a charm? Dropbox announced its third major round of layoffs in recent years, cutting 20% of staff to refocus on new growth areas.
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Cisco is the latest company to announce layoffs. The company said that it will axing 4,250 jobs after predicting weaker performance going forward. These job cuts affect 5% of its global staff.
PayPal lays off about 2,500 employees as the digital payment service faces increased competition and lower profits. CEO Alex Chriss said right-sizing is necessary to accelerate delivery and growth.
Salesforce will lay off about 700 employees, or 1% of its global workforce. The cuts come after Salesforce grew aggressively as cloud demand boomed following a pandemic-era hiring surge.
Ebay has announced that it's getting rid of 1,000 jobs and reducing the number of contractors it uses. It is just the latest round of job cuts that have been affecting the tech industry.
The layoffs will see 90 people lose their jobs at Reddit, which will also cut down on hiring for the rest of the year. The company is also facing a backlash against its updated API pricing.
Ubisoft has confirmed it could lay off as many as 60 members of the game publisher's Customer Relations Center team, which are based in Cary, North Carolina, and Newcastle in the UK.
The Dropbox layoffs will affect 500 of the cloud storage company's workers. It will be hiring new employees to work on Dropbox's AI projects and services which it believes will be needed in the future
The job cuts are being considered a streamlining effort by Apple, who until now had not made any moves to lay off employees in the last several months, unlike most major technology companies.
Game publisher Electronic Arts stated the company will no longer work on games that "do not contribute to our strategy" but did not give any specifics. It will also be "reviewing our real estate."
