These cuts, which represent around 7% of the division's workforce, are expected to take place by mid-2026
Read MoreThe layoffs are impacting teams across WhatsApp, Instagram, Threads and other divisions
Read MoreThe company appointed Alain Tascan as president & Jeet Shroff as VP of games tech division, and has laid off employees for cost-cutting
Read MoreTikTok's spokesperson said the decision reflects their ongoing efforts to optimise their global operating model for content moderation
Read MoreThis restructuring plan is part of CEO Andy Jassy’s broader strategy to streamline operations and enhance efficiency across the company
Read MoreThe layoffs are expected to impact around 10% of employees in Southeast Asia, Australia and New Zealand
Read MoreThe massive company with its headquarters in Wolfsburg has backtracked on its previous promise of job security, leaving many employees in fear of losing their employment in the near future
Read MoreThe company also revealed that it will set aside up to $1.9 billion in severance costs related to the layoffs
Read MoreThis move affects about 2.5% of PwC’s U.S. workforce and 0.6 per cent globally, primarily targeting employees in the advisory, products, and technology divisions
Read MoreThe move is part of Microsoft's efforts to reduce costs and streamline its $69 billion acquisition of Activision Blizzard
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