A stream of companies have announced layoffs in recent months as they recalibrate head counts and tighten belts amid concerns about a slowing economy.
The job cuts at the start of the year were mostly been concentrated in the tech industry, with
parent Meta Platforms Inc., Google parent Alphabet Inc. and Microsoft Corp. trimming their workforces.
The downsizing has shifted beyond high-growth technology companies to other parts of the economy, with companies including Dow Inc. and 3M Co. announcing cuts.
The broader labor market has continued to add jobs, however, with the U.S. unemployment rate at a 53-year low of 3.4% in January.
Here’s a look at some of the companies that have announced layoffs. While these announcements make waves, they can serve more as a message than a blueprint. Some companies that have announced big cuts in the past have ended up employing nearly as many people a year later.
Technology and Media
Alphabet
The Google parent said it plans to eliminate roughly 12,000 jobs, reducing its staff by 6% and marking the company’s largest-ever round of layoffs as it copes with a darkened economic outlook. The reductions will cut across Alphabet units and geographies, the company said.
Amazon
An aerial view of the Spheres at the Amazon headquarters in Seattle.
Photo:
David Ryder/Getty Images
is laying off more than 18,000 employees concentrated in its corporate ranks. The company said last year it was planning job reductions after more customers began returning to bricks-and-mortar stores and have begun spending less money online.
Dell
Dell Technologies Inc.
said it is cutting about 5% of its workforce and taking steps to reorganize its sales, customer-support, product-development and engineering teams. The cuts amount to some 6,600 jobs, based on the 133,000 total workers that the company reported having in early 2022, its most recent disclosed…
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