The series of layoffs precedes the upcoming tech earnings next week, with Alphabet, Amazon, Apple, Meta, and Microsoft set to report quarterly results. Read more.
(Bloomberg) ByteDance Ltd.’s TikTok joined a spate of layoffs among technology companies by cutting about 60 jobs, mostly in its sales and advertising division.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutAn Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsThe p
Over 27,000 jobs across the company have been eliminated since late 2022, with ongoing layoffs this year mainly affecting employees in Amazon's Prime Video, MGM, Twitch, Audible, and Amazon Pay units. Read more.
The tech company is cutting hundreds of jobs across YouTube's business unit following the recent cuts in Google's advertising sales teams, design and services, knowledge and information products, core engineering, and Google Assistant teams. Read more.
Google cuts hundreds of positions from its advertising sales unit as companies turn to artificial intelligence software and automation to reduce workloads. Read more.