Globally there may be layoffs. But in India I don't think there any significant layoffs in any of established companies.

Scam startups like edtech companies saw some layoffs. Rest is merely churn. Fire the high paying employees and hire cheaper labour.

Human Resources

Consultant

TikTok Layoffs | ByteDance cuts hundreds of jobs globally as platform shifts to AI moderation: Report https://www.livemint.com/companies/news/tiktoklayoffsbytedancecutshundredsofjobsgloballyasplatf...

TikTok Layoffs | ByteDance cuts hundreds of jobs globally as platform shifts to AI moderation: Report https://www.livemint.com/companies/news/tiktok-layoffs-bytedance-cuts-hundreds-of-jobs-globally-as-platform-shifts-to-ai-moderation-report-11728720808330.html

AI effect.

AI effect.- Grapevine

Welcome to News Discussion's Private Community

- TikTok is laying off hundreds of employees globally, focusing more on AI for content moderation.
- More than 700 jobs were reportedly cut in Malaysia, but TikTok clarified that less than 500 were affected.
- The layoffs are part of a wider plan to improve moderation operations.
- ByteDance plans to invest $2 billion globally in trust and safety this year.
- The move comes as Malaysia increases regulatory pressure on tech firms, requiring social media operators to apply for an operating license.

Source: [Reuters](https://www.reuters.com/technology/bytedance-cuts-over-700-jobs-malaysia-shift-towards-ai-moderation-sources-say-2024-10-11/)

TikTok Cuts Jobs, Shifts to AI for Content Moderation

Journalist

Welcome to Software Engineers's Private Community

Recently we saw Paytm making layoffs due to AI.
Are there any other companies that did the same?
People whose companies laid off people due to AI. What kind of automations made it possible?
Is AI actually doing the work or is it just an excuse to lay off people?

Layoffs due to AI

Software Developer

Welcome to Office Gossip's Private Community

Source: ecommurz (Indonesian tech gossip account) forum / insta story

Apparently all 500-ish employees of Tokopedia India might be at risk of layoff since the Bytedance acquisition? Are there any GoTo/ Tokopedia folks here who can comment?

Product Designer

InMobi : Layoffs after silent layoffs last year .

Chartered Accountant

To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)

Paytm: AI led job loss

100% bullshit 😆 
  
 AI is like an easy target to blame.  
  
 Truth is - They have accumulated insane NPAs in low ticket size loans which RBI also highlighted. Pausing that business made a huge chunk of people redundant. At the same time, there’s insane pressure to boost up the stock price as it’s still treading much lower than IPO price.

Product Manager

Growth Manager

Things are getting more scary. Now thinking why parents were saying to opt for a govt job. 😂

Google may layoff 30k+ employees, replacing with AI

Software Engineer

- ByteDance announced the closure of TikTok Music on November 28, 2024.
- The service was available in Indonesia, Brazil, Australia, Singapore, and Mexico.
- Users must transfer playlists by October 28 and submit refund requests by November 28.
- ByteDance aims to focus on enhancing TikTok's role in music streaming.
- TikTok will continue partnering with music streaming services instead of competing. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/24/bytedance-is-shutting-down-tiktok-music-globally/)

ByteDance to Shut Down TikTok Music Globally

All of our fears about AI was correct! 

They will take our jobs, they will overtake the world & will finally turn against us. 

https://www.peoplematters.in/news/talent-management/ibm-asks-employees-to-volunteer-for-layoffs-targets-80-cuts-in-key-departments-including-hr-40430 IBM asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR

IBM planning 80% layoffs

Engineering Manager

Justifying layoff with AI-AI-AI😂 RIP Dukaan customers

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html

Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the league of other companies like Microsoft, Salesforce, Vimeo to fire their employees in 2023 till now. 

Over 50,000 employees laid off by 153 companies globally in 2023 so far as Google joined the league

Massive layoffs

Customer Experience

The budgets have been cut for diversity hiring. This is also in response to a lawsuit from conservative groups. Is it happening in IDCs too?
Link to NY Post Article: https://nypost.com/2023/12/28/tech/google-meta-other-tech-giants-slash-dei-related-jobs-resource-groups-in-2023-report/?utm_medium=social&utm_campaign=nypost&utm_source=twitter

Big tech have started slashing diversity related jobs in USA

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

🚨250 people laid off at Meesho

Investment Associate

Ask me anything about WhitehatJr(byjus acquired)

Business Development Manager

People who were affected just got emails. Orgs include Search, Cloud, Ads , Assistant,  Pixel, etc. Engg is affected

Big layoffs at Google!

Last I saw someone post that his Google Interview has started.  
  
 Guess, FAANG are showing their fangs.  
  
 Apple laid off subcontractors and not employees from what I read.

Research Engineer

When TikTok mobilized its users to lobby Congress, it backfired spectacularly.

AI effect.

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US' plans to ban Tiktok. If they actually pull this off, this is a BIG loss for Bytedance and a BIG win for Instagram.