Global tech layoffs surge: Amazon, Ubisoft, Nestlé cut thousands
Global tech layoffs surge: Amazon, Ubisoft, Nestlé cut thousands
Global tech giants trim thousands of jobs as costs rise and AI-driven restructuring reshapes the industry.
A wave of job cuts is sweeping through the global tech and consumer goods sectors, with major players including Amazon, Microsoft, HP, Pinterest, Ubisoft, and Nestlé trimming thousands of positions as they shift toward AI-driven efficiency and long-term restructuring.
Amazon has announced a major round of layoffs, expected to affect around 16,000 employees worldwide, with India likely to bear 500 to 700 roles across AWS and its retail teams. The company has reportedly described the moves as hard but necessary to position AWS and the broader business for future success.
Ubisoft, the Paris-based game publisher behind Assassin's Creed, plans to cut up to 200 jobs at its Paris headquarters, roughly 20 percent of its local workforce, following a period of studio closures and cancelled projects as part of a broader cost-cutting strategy.
Nestlé is also planning layoffs as part of its cost-reduction drive.
Across sectors, executives say the restructuring is driven by rising operating costs and a push to redirect capital toward AI initiatives and efficiency programs.
Analysts warn the move heightens anxiety among workers and could affect morale in both developed and emerging markets, even as proponents argue these steps are needed for long-term competitiveness. For workers, the immediate reality is uncertainty and job-market volatility, with advocates urging companies to provide severance, retraining opportunities and robust support for affected staff.
