Microsoft to Levi's, here's a look at tech and retail firms that have recently made layoffs
slashing its global corporate workforce by 10% to 15% in the first half of the year — as part of a two-year restructuring plan that seeks to cut costs and simplify its operations, the denim giant said. The layoffs on the same day Levi's unveiled a proposed 10-year extension to the naming rights for Levi’s Stadium, home of the San Francisco 49ers, in a $170 million deal. Microsoft layoffs Microsoft is laying off some 1,900 employees in its gaming division, according to an internal company memo.
The job cuts — which represent about an 8% reduction of Microsoft’s 22,000-person gaming workforce — arrive just over three months since the tech giant completed its $69 billion purchase of video game maker Activision Blizzard. TikTok layoffs TikTok said its shedding dozens of workers in its advertising and sales unit. A spokesperson for the company confirmed that the social media platform is cutting 60 jobs.
TikTok, which is owned by Beijing-based ByteDance, did not provide a reason for the layoffs. Riot Games layoffs Video game developer Riot Games, which is behind the popular “League of Legends" multiplayer battle game, is trimming 11% of its staff. The company, which is owned by Chinese technology giant Tencent, said 530 jobs were being eliminated.
eBay layoffs Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. Wayfair layoffs Online furniture seller Wayfair is cutting about 1,650 jobs, or 13% of its global workforce.
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