Amazon
On Thursday, Amazon laid off several hundred employees from its Amazon Web Services (AWS) cloud division. However, the exact number of job losses has not been revealed.
This follows earlier layoffs in its books business, including at Goodreads and the Kindle team. In May, the company also cut jobs in its devices and services unit, Wondery podcast division, retail stores, and corporate communications.
Last month, CEO Andy Jassy had warned employees that AI would gradually reduce the need for some office-based roles as new tools are introduced across operations.
Intel
ET reported on Thursday that Intel plans to lay off over 5,500 staff in the United States, more than earlier estimates of 4,000.
Filings by the company revealed that the biggest impact will be felt in California and Oregon. In Oregon alone, where Intel is the state’s largest private employer, the company expects to cut 2,932 jobs, four times more than what was initially planned. Another 696 roles are set to go in Arizona.
Last month, ET said that CEO Lip-Bu Tan was preparing for wider global layoffs, which could affect up to 20% of Intel’s workforce, as part of efforts to lower spending.
Microsoft
Earlier this month, Microsoft confirmed it would reduce its global workforce by around 4%. The company had already announced in May that about 6,000 roles would be cut.
Microsoft, which had about 228,000 staff as of June 2024, also said it would streamline internal structures by reducing the number of managers and simplifying how teams and products are organised.
TikTok job cuts
At TikTok, job cuts are mainly expected within the ecommerce division, TikTok Shop. As reported by Business Insider, the company told staff it would make “organisational and personnel changes” to improve efficiency.
Last month, Bloomberg said TikTok had begun replacing some US-based employees with executives from China, after falling short of its $17.5 billion sales goal in the US ecommerce market.
