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18 technology companies that announced job cuts in 2018
It’s been testing times for several sectors in the technology world. Be it telecom, social media or any other sector, companies have had it tough which has led to employees being laid off for a variety of reasons. In India as well, several companies have been forced to let go off employees and it doesn’t paint for a pretty picture. Since the turn of the year, we have seen headlines about massive layoffs pop up every now and then. Here we list out 18 companies that have already laid off or are reportedly in the process of doing so
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Aircel: Nearly 5000 jobs lost
Things have gone from bad to worse at the telecom company with close to 5000 people asked to leave. The company had to also file for bankruptcy.
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Telenor: 700 jobs lost
Post the acquisition by Bharti Airtel, almost half of Telenor’s employees were told that not everyone will find a role in the new company. Telenor India had 1400 employees on roll.
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Huawei: Nearly 30% of total workforce
It was reported earlier this year that Huawei, which has close to 8,000 employees on board, would let go of close to 30% of their total workforce across various departments. The upheaval caused by Jio and other M&As were allegedly the reason behind the layoffs.
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Hike India: 25% of workforce
Hike Messenger in April 2018 reportedly started the process of laying off close to 25% of its total workforce. The layoffs were across departments like finance, HR and others.
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Lava India: 4000 employees
In an Economic Times report, Lava confirmed that it had to let go off 4000 out of its 11,000 employees. Lava is still active in the feature phone market in India.
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Amazon India: 60 employees
In April, Amazon reportedly began the process of its global restructuring. As a result, 60 employees of its India office have been asked to leave.
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HP Inc: 5,000 employees
In June this year, the Palo-Alto based company announced that it will lay off anywhere between 4,500-5,000 employees by the year 2019. The reason given was an “ongoing restructuring plan”.
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HTC: 1,500 employees
The smartphone maker announced that it will lay off close to 1,500 employees on its home turf in Taiwan. The company has been going through some rough times in the smartphone business.
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Qualcomm: As many as 1,000 employees
Call it the aftermath of the merger that never took place between Qualcomm and Broadcomm, but the former revealed that it will ask as many as 1,000 employees to leave. It is also supposed to be part of a larger cost-cutting exercise.
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Verizon: 1,000 employees
Another company where restructuring led to job cuts was Verizon India who started the process of close to 1000 employees earlier this year.
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Ricoh: 4,000 employees
Close to 4,000 employees across the world will be asked to leave by Ricoh. The layoff process will continue till 2019.
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BT: 13,000 employees
In a massive exercise of laying off people, UK-based media and telecom company, BT asked close to 13,000 employees to leave.
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Microsoft: A “small percentage” its workforce
Earlier this month, the Seattle-based tech giant announced that it has asked a small percentage of its workforce. The layoffs were in “hundreds and not thousands” according to several reports.
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Uber: 100 employees
The ride-hailing app recently announced that it had asked all of its self-driving car operators in San Francisco and Pittsburgh to leave the company.
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Tesla: 9% of its workforce
In June 2018, Tesla CEO Elon Musk announced that the company is letting go off 9% of its employees as part of “restructuring operations”. Tesla reportedly has close to 40,000 employees on its rolls.
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Deutesche Telekom: 10,000 employees
German telecom company Deutsche Telekom revealed that it will lay off as many as 10,000 employees by 2021. Most of the employees who will be asked to go are part of the company’s IT services subsidiary.
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Siemens: Close to 7000 employees
The German-based tech company announced that it will let go off close to 7,000 employees by 2020. Most of these employees are part of Siemens’ Power and Gas division.
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Ericsson: 10,000 employees
Earlier this year, the Swedish tech company had announced that it would cut close to 10,000 jobs across the world. This came after the company had laid off 17,000 employees in 2017.
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