march 14 reuters  big tech firms and wall street titans are leading a string of layoffs across corporate america as companies look to rein in costs to ride out a global economic downturn rapid interest rate hikes and weak consumer demand have forced firms such as amazon walt disney facebookowner meta and american banks to trim their workforce tech companies shed more than 150000 workers in 2022 amid a rapidly fading pandemicled demand boom according to tracking site layoffsfyi and more layoffs are expected as growth in the worlds biggest economies slows here are some of the job cuts by major american companies announced in recent weeks the software and consulting firm said it will lay off 3900 employees read more music streaming service spotify is cutting 6 of its workforce or roughly 600 roles read more alphabet inc is eliminating 12000 jobs its chief executive said in a staff memo read more the us tech giant said it would cut 10000 jobs by the end of the third quarter of fiscal 2023 the company laid off under 1000 employees across several divisions in october axios reported citing a source the ecommerce giant said companywide layoffs would impact over 18000 employees the facebookparent said in march 2023 it would cut 10000 jobs just four months after it let go 11000 employees ceo pat gelsinger told reuters people actions would be part of a costreduction plan the chipmaker said it would reduce costs by 3 billion in 2023 read more the social media company has laid off at least 200 employees or about 10 of its workforce the new york times reported the layoffs come after twitter terminated about 3700 people representing about half of the total staff in november soon after elon musk took over the firm the ridehailing firm said it would lay off 13 of its workforce or about 683 employees after it already cut 60 jobs earlier this year and froze hiring in september the software company said it would lay off about 10 of its employees and close some offices as a part of its restructuring plan citing a challenging economy the networking and collaboration solutions company said it will undertake restructuring which could impact roughly 5 of its workforce the effort will begin in the second quarter of the fiscal year 2023 and cost the company 600 million the computing devices maker said it expected to cut up to 6000 jobs by the end of fiscal 2025 the software company will cut roughly 500 jobs or 3 of its workforce citing a challenging macroeconomic environment the cloud firm announced an 8 reduction in its global workforce the company had 12000 employees as of april 29 2022 the company is laying off 6 of its workforce in an effort to cut costs as the ev maker already grappling with falling cash reserves and a weak economy braces for an industrywide price war the tinder parent said it would lay off about 8 of its workforce a day after it forecast firstquarter revenue below wall street expectations the company will eliminate about 6650 jobs or 5 of its global workforce as the pc maker grapples with falling demand and braces for economic uncertainty the data analytics firm said it had cut about 2 of its workforce palantir known for its work with the us central intelligence agency had 3838 fulltime employees as of dec 31 2022 goldman sachs began laying off staff on jan 11 in a sweeping costcutting drive with around a third of those affected coming from the investment banking and global markets division a source familiar with the matter told reuters the job cuts are expected to be just over 3000 one of the sources said on jan 9 in what would be the biggest workforce reduction for the bank since the financial crisis the wall street powerhouse is expected to start a fresh round of layoffs globally in the coming weeks reuters reported on nov 3 as dealmaking business takes a hit the bank eliminated dozens of jobs across its investment banking division as a dealmaking slump continues to weigh on wall streets biggest banks bloomberg news reported the asset manager is cutting up to 500 jobs insider reported citing a memo the cryptocurrency firm has cut 30 of its workforce in a second round of layoffs in less than six months a person familiar with the matter told reuters the cryptocurrency exchange said it would slash nearly 950 jobs the third round of workforce reduction in less than a year after cryptocurrencies already squeezed by rising interest rates came under renewed pressure following the collapse of major exchange ftx read more the digital payments firm is cutting its headcount by about 14 and will have about 7000 employees after the layoffs according to an email to employees from the companys founders the vegan meat maker said it plans to cut 200 jobs this year with the layoffs expected to save about 39 million the online mealkit company said it will cut about 10 of its corporate workforce as it looks to reduce costs and streamline operations the company had about 1657 fulltime employees as of sept 30 the food delivery firm which enjoyed a growth surge during the pandemic said it was reducing its corporate headcount by about 1250 employees the retailer will lay off more employees this year in an attempt to reduce costs last year company executives had said the home goods retailer was cutting about 20 of its corporate and supply chain workforce the us chemicals maker said it would cut about 2000 jobs as it navigates challenges including inflation and supply chain disruptions the refiner reduced employee headcount by over 1100 as it seeks to meet its 2022 cost savings target of 500 million the reductions were communicated to employees in late october the pharmaceutical giant has said it might cut some jobs amid inflationary pressure and a strong dollar with cfo joseph wolk saying the healthcare conglomerate is looking at right sizing itself the industrial conglomerate said it would cut 2500 manufacturing jobs after reporting a lower profit reporting by deborah sophia in bengaluru additional reporting by akash sriram granth vanaik eva mathews yuvraj malik sourasis bose priyamvada c tiyashi datta and manya saini editing by shinjini ganguli shounak dasgupta sriraj kalluvila vinay dwivedi sonia cheema maju samuel and uttareshv