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Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. https://m.economictimes.com/tech ... leshow/98213594.cms --- ByteDance, one of the biggest tech companies in China is planning to lay off at least 10,000 people this year. The company faces many challenges, like an economic slowdown, unviable projects that became too expensive etc. They even had to cancel their IPO. https://www.firstpost.com/world/ ... china-12185652.html |
