Tuesday, October 25, 2022

Facebook Twitter LinkedIn Reddit Email Layoff Watch: Job cuts top 44,000 in tech sector, 90,000 among startups

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RESEARCH TRIANGLE PARK – Layoffs continue to be announced, impacting sectors from real estate, logistics, food delivery, technology, and retail, and workers are concerned layoffs could be coming for them, too.

Microsoft, for example, last week confirmed that the company planned to make cuts, with the possibility that about 1,000 workers would be impacted.  And other technology companies have been restructuring, including Google.

Intel is expected to layoff as many as 20,000 workers, even though the company has announced major expansion plans in recent months, Bloomberg reported.

It’s not just technology companies that are shifting employment strategies in a changing macroeconomic climate.  Consider that Arrival, a U.K. company that operates its U.S. headquarters in Charlotte, will again restructure the company to place more of an emphasis on the U.S. market.  And Gopuff, which has an office in Raleigh, is again scaling back on its workforce.


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