Amgen Inc Cut 450 Jobs After Twitter And Facebook Parent Company Meta Layoffs

Layoffs 2023: Due to the global economic crisis and rising inflation, many companies are doing layoffs. Now another firm has made preparations for retrenchment. 450 people will lose their jobs from here. With this retrenchment, the company will reduce the number of employees by 2 percent out of the total workforce.

These layoffs are being done by US biotechnology firm Amgen Inc. The company is laying off employees due to pressure on drug prices and high level of inflation. At the same time, many US giants have done layoffs before this. Which big US companies have laid off and what has been its impact on India.

These big companies laid off

Twitter was one of the first IT giants to reduce its workforce during the last year. Twitter fired around 10,000 employees last year. The same process has continued in January 2023 as well. Apart from this, many companies like Meta, Amazon, Microsoft, Netflix are involved.

Employees fired in 2022 more than recession

According to data from Layoffs.fyi, in 2022 more than 2 lakh employees were fired. According to another report by Challenger, Gray & Christmas, a global outplacement and career transitioning firm, 1,004 tech companies will lay off 152,421 employees globally in 2022-23, more than the 2008 recession. During 2008, 65000 employees were laid off.

Layoffs in some major companies

• First 11 thousand and now 10 thousand employees will be fired by Facebook parent Meta.
• Spotify will lay off 600 employees
• Alphabet Inc. is eliminating 12,000 jobs.
• Microsoft will cut 10,000 jobs.
• Amazon laid off 18,000.
• Twitter Inc had first fired 200 then 3700 employees.
• Salesforce will cut 10 percent of the job.
• Will lay off 6000 employees in HP Inc.
• Dell Technologies Inc. will lay off 6,650 employees.

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