The crisis of retrenchment from the job has not gone away yet, this process has been going on since the beginning of 2023 and is expected to continue for many weeks and months to come. There are reports of massive job losses in Amazon, Meta and Accenture.
Image Credit source: Symbolic picture
The process of retrenchment which started as soon as 2023 started, is not taking the name of stopping yet. Let us tell you that Meta had recently announced that thousands of employees will be laid off in April and May this year, while Accenture and Amazon have also joined the retrenchment race.
layoffs at Accenture
For the information of the people, let us tell you that Accenture has made it clear that the company is going to show the way out to more than 18 thousand people in the next 18 months. On the other hand, Amazon has also confirmed that the company is planning to remove employees from some more teams and the company aims to prepare the final list by the end of April.
This clearly and simply means that once again in the coming few weeks or months, the news of retrenchment in these companies can come to the fore.
In the SEC filing, Accenture had announced to cut the jobs of 19,000 people. Only last month, the company told that the retrenchment process will be completed in the next 18 months. The reason behind the retrenchment is cost cutting and making the business profitable. According to India Today’s report, the company has started preparing a list of people who are to be fired.
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sorting in meta
Meta has laid off not one but many times and now recently it has been learned that the company will start removing people from other departments including user experience, technical roles, graphics programming. Not only this, a Meta spokesperson also confirmed the new round of layoffs to CNBC.
Meta is planning to give pink slips to people working in HR, legal and finance and the car is likely to be launched in May this year.
Many people’s jobs will go to Amazon
Amazon recently announced the layoff of 9 thousand employees but at the same time confirmed that not all employees will be fired immediately. It is being said that the company has started the process of retrenchment and emails have been sent to more than 100 people giving information about this.