BIG TECH LAYOFFS
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.
Why Big Tech companies Microsoft, Google, Meta and others are opting for voluntary buyouts
In response to fluctuating market demands, Meta has rolled out voluntary exit packages in France aimed at workforce restructuring. This initiative is part of a broader trend as tech giants like Google and Microsoft implement similar measures globally to optimize costs. These packages offer employees the choice to depart with financial incentives and transition support, showcasing a more favorable approach compared to traditional layoffs amidst economic uncertainty.
US Treasury yields climb as strong jobs data, midterm polls weigh; 10-year yield eyes 5% again
US Treasury yields climbed as stronger than expected September jobs data pointed to a resilient labour market, while investors awaited the midterm election results. Falling oil prices briefly eased pressure on bonds, but the move reversed as economic data reinforced growth expectations and uncertainty over future US fiscal policy kept investors cautious.
L&T pushes IT and engineering arms to accelerate growth beyond 15%
Larsen and Toubro is focusing on raising revenue growth in its services arms, LTM and LTTS. Currently, these companies grow at about 10-11 percent per year, which needs to increase. The management highlighted the importance of scaling up their services and accessing new markets. The recent AI-led disruption may help achieve this growth by leveling the playing field among competitors.
Amazon cloud business accelerates but shares drop on profit miss
Amazon experienced a notable decline of over seven percent in its shares following the release of its quarterly earnings, which failed to meet analyst forecasts. The tech giant reported a total revenue of $201.9 billion, revealing struggles across multiple sectors. Nonetheless, the growth of its AWS cloud division stood out as a silver lining.
TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter market
TVS Motor Company plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027 as sales surge and demand for electric scooters grows. The company's EV sales more than doubled in the second quarter, while rivals Bajaj Auto and Ather Energy are also expanding production to meet rising demand.
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Nitin Gadkari says no challan for speeding up to 20% over the limit: What he told officials, when challans should be issued & what motorists must know
Nitin Gadkari has said motorists should not receive speeding challans for exceeding the applicable speed limit by up to 20%, while those crossing the threshold should be penalised. He also warned contractors over poor-quality highways, defended E20 petrol blending and called for domestic manufacturing of tunnel-boring machines as India plans major investments in tunnel infrastructure.
Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big Tech
Amazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to streamline operations and align staffing with product priorities. The latest layoffs add to more than 31,000 job cuts announced across several rounds since October 2025, including reductions in its retail business. The move comes amid wider workforce changes at tech giants such as Microsoft, Netflix and Oracle, as companies reassess costs and investment priorities.
World shares are mixed after Wall Street's AI-related losses, while oil prices jump
Global stock markets displayed a mix of outcomes while oil prices surged due to escalating tensions in Iran. Brent crude soared past $114 per barrel, suggesting growing unease within the energy sector. In the U.S., tech giants like Nvidia and Meta Platforms saw significant declines, raising worries about economic repercussions. Concurrently, U.S.
US bond market down: Why are 10-year, 30-year, 2-year treasury yield notes are falling? Check latest predictions
US bond Yields have dropped in recent days, as concerns about a slowdown in AI spending and its impact on economic growth have overshadowed economic data, which showed persistent inflation pressures.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
How Trump's war on EVs derailed America's auto-factory revival | Explained
US electric vehicle projects and jobs face setbacks due to policy shifts. Automakers canceled billions in investments and thousands of jobs were lost. Many affected states supported Donald Trump in the 2024 election. This situation contrasts with China and Europe's EV market growth. The industry now focuses on energy storage batteries and gasoline vehicles.
Making people redundant is a no-win: Revolut India CEO on AI job cuts
As large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is critical to account for AI adoption first in processes before hiring.
Meta layoff made me rich: Ex-employee says he made more money after losing the job
Ex-Meta employee claimed on Blind that being laid off ultimately left them with more savings than they would have accumulated had they remained at the company. The employee said they secured another job before their termination period ended, allowing them to receive pay from both employers for about three months, along with an August stock vest, and invest around $30,000 of the additional income.
AI's left hand begins to take away jobs before its right hand can
In response to soaring chip prices, Samsung India is downsizing its electronics division. The burgeoning demand for specialized chips fueled by AI advancements is driving up costs for standard memory. As organizations focus their finances on AI infrastructure, resources for payroll are strained, potentially resulting in job reductions despite the lack of direct automation.
Techie earning Rs 1 crore in Switzerland fired after accidentally taking executive's towel post-sauna
After accidentally using a senior executive's gym sauna towel, the engineer says he was warned to "start looking for a new job," then let go five days later for stated "economic reasons." With no sauna cameras to prove any connection, he believes he may now be on an unofficial employer blacklist for "antisocial" staff, and remains jobless three months on, considering starting his own business instead.
Company lays off a huge number of employees after celebrating record profits, then tells survivors to get back to work and ‘absolutely crush Q1’ - but one worker now refuses to give their life to work
A company that recently celebrated record profits has laid off a large number of employees, then urged those who remained to “absolutely crush Q1” - a move that has sparked anger over workplace loyalty and burnout. One employee said the layoffs reinforced their decision to protect their personal time, refusing to let work anxiety spill into life outside the office.
As Uber cuts 3,000 jobs, an ex-employee reaches out to those impacted with referrals, job openings and hope
Former Uber employee Kim Wilkes offered support to workers affected by the company’s latest layoffs. She said she was willing to make introductions, review resumes and help people find new opportunities. Wilkes also reminded employees that losing a job does not erase their skills or achievements. Her post received praise from netizens, who appreciated her practical support and noted the wider trend of big tech layoffs.
Uber Layoffs: CEO Dara Khosrowshahi Says “This wasn’t a decision we made lightly” as company cuts 3,300 jobs globally
In a bold move, Uber is set to cut its workforce by roughly ten percent, affecting around 3,300 staff members. This decision is part of a larger strategy to streamline management and improve team functionality across the globe. The cost savings will be funneled into crucial areas such as ride-sharing innovations and the development of autonomous vehicles.
Why is Big Tech still cutting jobs?
Google started the year with layoffs of several hundred employees and a promise of more cuts to come. Amazon followed by trimming hundreds of jobs in its Prime Video department. Meta quietly thinned out middle management. Microsoft also cut 1,900 jobs in its video game division.
Big fish land in tech’s talent pool amid layoff woes
Executive search and hiring firms including Transearch, Longhouse Consulting, CIEL HR and GI Group Holdings say that unlike earlier, when it was difficult to even pin down senior Big Tech professionals for job offer conversations, now they're the ones who often make the first move.
Nearly 6% of contract workers lost jobs in March quarter in India's IT sector, says recruitment body
India's IT sector employed nearly 5.1 million workers in the year ending March 2022, according to government estimates, and companies have fired thousands of contract employees while holding on to hiring.
Facebook-parent Meta fires 10,000 more employees in fresh round of layoffs: report
The fresh layoff is in addition to the 11,000 employees or 13% of its global workforce Meta had sacked in November last year in a bid to cut costs.
Homegrown companies on hiring spree as Big Tech sheds talent
Though the absolute hiring number is not huge since Indian startups are themselves going through funding woes, the roles span product, growth, digital marketing and analytics.
Big Tech is firing employees by the thousands. Why? And how worried should we be?
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn't been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines.
Big tech layoffs may further disrupt equity and diversity efforts
Surging firings by technology companies last year are disproportionately affecting women and mid-career talent which may make it more difficult to improve diversity in one of the most sought-after industries, according to data from a research firm.
Google, Meta lead Big Tech layoffs. All you need to know
Most of these firms have either halted fresh hiring or announced deep job cuts as they try hard to find a way to stay afloat and continue on their path to profitability. Google and Meta have announced the most significant layoffs among all the Big Tech firms at 10,000 and 11,000, respectively.
Big Tech layoffs – a meltdown or course correction? Harvard Prof Ranjay Gulati explains
“There has been a bit of a reshuffling from Big Tech to small tech, right sizing of support functions. so there is a lot more to the story than just laying off 15,000 engineers who have nothing to do now. It is a more complicated story but no question that for those who are wondering if we are going to have a recession ahead, this could be a bellwether to what lies ahead. ”
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