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Workers are no longer looking for a job that they can stay in for decades, instead, they want skills that will make them employable across multiple sectors. With traditional job security becoming increasingly elusive, many believe that L&D could be the new form of stability
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Even though the company's US operations are the main target of these layoffs, the restructuring will effect jobs all over the world.
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For Indian workers on H-1B visas, the situation is precarious as they have only a limited time to find a new job before being forced to leave the country
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"Unlike traditional layoffs, this one was done in secret. My manager told me that they were required to sign an NDA not to talk about the specifics,” one insider told the publication
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The job cuts will impact staff across 16 different facilities in San Diego, including Qualcomm’s headquarters
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The layoffs impacted both senior and mid-level executives, with some long-time employees
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31.8% of the voters believe that the toxic environment is a deal breaker for them, and they wish to prioritise their mental well-being and personal growth
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The company also revealed that it will set aside up to $1.9 billion in severance costs related to the layoffs
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This 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
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The move is part of Microsoft's efforts to reduce costs and streamline its $69 billion acquisition of Activision Blizzard
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