Rakuten layoffs?

My friend informed that silent layoffs are expected in Gojek today

Rupeek has laid off some employees today. Not sure about %

Amazon Global Communications Operations Undergo Layoffs The spokesperson said- “We regularly review the structure of our teams and make adjustments based on the needs of the business and, following a recent review, we’ve made the difficult decision to eliminate a small number of roles on our communications team.” https://deadline.com/2023/10/amazon-communications-layoffs-1235565092/

Guys a friend working there told me Kotak Bank is going to cut approx 20 percent of the workforce across all departments. They have already started revoking offer letters. Also they will not be giving increments and bonuses. Tough times ahead. Anyone bearing things from established companies.

Almost 50% of the org got no increments People with "exceeds" rating got single digit increments Only promotion cases have got early to mid double digit increments Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

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

There have been some rumors and isolated reports of layoffs in Amazon India. Is there any truth to the story? If so, which teams have been impacted / are likely to be impacted?