Amazon has decided to pause construction activities at its second headquarters in Arlington, Virginia, following a poor 2022 financial performance that saw the company register over $2 billion in losses.
Communications firm Zoom has announced plans to lay off more than a thousand employees globally after a pandemic-fuelled growth spurt and subsequent decline, with the chief executive announcing a 98 percent reduction in his salary.
The company conducts a reduction in its workforce after exhausting other cost-cutting measures. Dell is among the many companies in the tech industry that has issued layoffs.
American aviation firm Boeing intends to lay off two thousand jobs this year as part of a reduction in certain support services, with a part of the work shifted to India, a decision that comes after the firm had earlier committed to hiring 10,000 workers in 2023.