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.
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Microsoft CEO Satya Nadella has confirmed that the company is laying off a massive 10,000 employees starting today. The company will be offering support to those affected by the job cuts.
Amazon is set to commence its huge layoff today which will affect 18,000 employees in America, Europe, and possibly elsewhere. The layoffs were announced earlier this month by CEO Andy Jassy.
It has been revealed by former Tesla employees that the North American deliveries team was cut by a massive 65% after sales of the Model 3 slumped due to the current prohibitive cost.
