Layoff

In a significant move that reverberates across the tech industry, Amazon has disclosed plans for substantial layoffs within its cloud services division. The e-commerce giant confirmed the news, shedding light on the sweeping workforce reductions affecting various sectors including brick-and-mortar stores, technology, sales, and marketing departments.

Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs. The decision to cut 1,000 jobs, despite the company's robust profits, adds to a growing list of tech giants implementing significant workforce reductions this January.

The Greek labor market showed strong resistance in July, as although the end of the school term and classes in private education resulted in the loss of 25,867 jobs in the sector and a total of 8,294 jobs across the economy, in the seven months of January to July a historic record was set with regard to hiring versus layoffs, with the creation of 296,624 new jobs.

A massive recruitment campaign, mainly in the sectors of tourism and food service, as well as a significant reduction in layoffs in April, emerge from the data of registered unemployment issued on a monthly basis by the Public Employment Service (DYPA).

The unemployment rate jumped to 11.4% in February from 10.3% in January, data from Greece's independent Statistics Authority (ELSTAT) show.

Experts say the jump can be attributed to layoffs of many temporary workers employed during the winter tourist season.

The jobless rate is still lower than than recorded in February 2022 (13%).

About 80% of the employees of the American company Twitter, which owns the social network of the same name, have been fired or left of their own accord after the company was acquired by the entrepreneur Elon Musk, reported CBS television, quoted by BTA.

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports.

A Microsoft spokesperson told AFP that the company would not comment on what it referred to as "rumor."

Amazon announced on Jan. 4 it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic.

The total number of registered employees has been increasing despite the end of a layoff ban, the head of Turkey's Social Security Institution (SGK) has said.

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Ljubljana – The opposition Left wants the government to introduce safety mechanisms to prevent layoffs at companies which are receiving emergency coronavirus state aid to preserve jobs during the coronavirus pandemic.