Job cuts: It’s not just Twitter, these companies have laid off workers this year, who’s on the list?

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Mumbai: After Elon Musk’s acquisition of Twitter, many employees were laid off from the company. Recently, the decision to lay off 11,000 employees at Facebook’s parent company, Meta, came to the fore. But not only these two private companies, companies like Netflix, Robinhood, Glossier, Better have also come down the path of layoffs this year. Some blamed the corona virus for the layoffs, while others blamed rising prices.

In just a few weeks, 24 American companies, including Stripe, Lyft and Chime and Twitter, have laid off workers en masse. Many people became unemployed overnight. According to a media report, Elon Musk’s Twitter has topped all tech giants in layoffs. It is known that 3700 people have been cut off from Twitter so far.

Along with Twitter, San Francisco fintech company Stipe is also on track to lay off about 1,500 employees. San Francisco Elevators also laid off 760 workers. Opendoor, another San Francisco proptech company, cut 550 jobs, Booking.com cut 226 jobs, Seattle-based Zillow cut 300 jobs, New York-based digital health company Peloton cut 4 084 jobs in 2022. reduced

The popular OTT platform Netflix is ​​not far behind. 480 people have been cut off this year. San Francisco-based enterprise software Twilio also laid off 800 people. Boston-based e-commerce company Wayfair cut 870 jobs, while New York-based e-commerce company Vroom said goodbye to 647 employees. Such dismissals have raised concerns among workers at other private multinationals. It remains to be seen if another company will go the route of entrenchment in the coming days.