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Tech company IBM is slashing 3900 jobs – about 1.5 per cent of its global workforce
Last week, Google’s parent company Alphabet become the latest US tech giant to enact large-scale restructuring, announcing that 12,000 jobs would be cut globally.
Amazon was set to lay off more than 18,000 of its workers
Microsoft also announced it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants.
US software company Salesforce also planned to cut 10 per cent of staff, or more than 7000 employees,
Even major bank Goldman Sachs was set to sack 3200 staff in the coming weeks
Meanwhile, US bank Silvergate was forced to lay off hundreds of staff
According to tech site Layoffs.fyi, nearly 194,000 industry employees have lost their jobs in the US since the beginning of 2022.