The

"World Bank" (World Bank)

has reduced the global economic growth trend this year (2023) to only 1.7% from the previous forecast, should be at 3% and there is a risk that

The world economy will enter a second recession

within the same decade.

For the first time in 80 years

The main factor is inflation and interest rates that continue to rise, investment declines.

and economic disruption as a result of the Ukrainian war.

And for the developed economies (Advanced Economies), which was originally expected to be at 2.5%, was reduced to 0.5% by the United States.

From originally expected to be at 1.9%, it was revised down to 0.5%. As a result, major US companies began to move to prepare for the reception.

"Economic shocks"

that are expected to

"really burn"

this year immediately more seriously.

Especially those

TECH GIANTS

who have announced gradually reducing the number of employees continuously.

Since the end of last year (2022) in hopes

of "reducing costs"

, prepare to face the risk of lower income and rising interest rates.

To what extent do

TECH GIANTS

plan to cut staff?

and what is the reason

And what is the compensation package for termination of each company? Today

"we"

go and consider it together.

Microsoft CEO Satya Nadella

1. Microsoft (Microsoft):

There are currently

221,000

employees, with an average annual employee salary of

$123,000 per year.

The latest announced a layoff plan for

10,000

employees, or

4.52%

of the total number of employees.

The departments that are expected to have the most reductions in staff are

"Engineering Department"

For the year that

"Microsoft"

had the highest employment was

2014

, with employment of up to

29,000 people,

or a 29.29% increase

from 2013.

Microsoft CEO

Satya Nadella

outlined the need for workforce cuts in an internal memo.

“We need to focus on taking steps to ensure that

Expenses will be in line with the company's revenue growth.”

Employee Compensation Package: Microsoft says employees who are terminated will receive at least 60 days' notice, severance pay, 6 months' medical expenses and stock shares.

"Sundar Pichai" (Sundar Pichai), CEO of Alphabet

2. Alphabet (Alphabet):



currently has a total of

156,500

employees, the average employee salary per year is about

124,000 US dollars per year.

Recently announced plans to lay off

12,000

employees, or

7.67%

of the total number of employees.

For the year

"Alphabet"

or the parent company of Google (Google) has the most employment

in 2012

, with employment up to

21,400 people

or an increase of

65.89% from 2013.

by

"Sundar Pichai" (Sundar Pichai)

, CEO of Alphabet, informed in the company's internal memo that

Most of the layoffs will be in the product department, service department and regional employees.

Severance package : Employees who have been terminated

will receive severance pay based on length of service

and a basic severance package of at least 16 weeks plus an additional 2 weeks based on length of service

3. Amazon (Amazon):

Currently

, "Amazon"

has a total workforce of

1,608,000 people, with

an average employee salary per year of about

101,000 US dollars per year.

Recently announced plans to lay off

18,000

employees, or

1.12%

of the total number of employees.

For the year

"Amazon"

has the most employment

in 2011

with employment of up to

22,500 people

or an increase of

66.77% from 2010.

"Amazon"

has been laying off continuously since November last year (2022), with the departments being laid off the most are human resources, retail and service departments.

Severance package:

Amazon

says all laid-off workers will receive full severance and benefits based on their length of service, as well as according to their respective country's labor laws.

Mark Zuckerberg, CEO of Meta

4. Meta (Meta):

"Meta" or Facebook (Facebook)

has a total number of employees of

71,970 people

with an average employee salary per year of

128,000 US dollars per year.

Recently announced plans to lay off

11,000

employees, or

15.28%

of the total number of employees.

For the year that

"Meta"

has the highest employment is

2017

with the employment of up to

8,057 people

or an increase of

47.26%

from 2016.

By

"Mark Zuckerberg"

CEO of

"Meta"

reasoning for this great layoff.

“It is part of the effort to make the organization smaller and more efficient.”

Severance package:

Mark Zuckerberg

pledges that all laid-off Meta employees

Will receive at least 16 weeks of severance pay, plus an additional 2 weeks based on length of service, as well as stock shares and health insurance for the specified period.

"Elon Musk" (Elon Musk), owner of Twitter

5. Twitter (Twitter):

Currently

, “Twitter”

has a total number of employees of

7,500 people

with an average annual employee salary of about

117,000 US dollars per year.

Recently announced plans to lay off

3,700

employees, or

50%

of the total number of employees.

For the year that

"Twitter"

was the most employed

in 2013

, with

2,362

jobs or a 574% increase

from 2012.

The chaos within

"Twitter"

began immediately after the takeover of

"Elon Musk" (Elon Musk)

completed in October last year (2022), with many employees resigning from the company immediately after.

Twitter's new owner has

announced that all employees will have to accept a new, more

"hardcore"

work environment, and that it will cut its workforce by more than

50% .

Severance package:

"Elon Musk"

announced that employees who were laid off will receive at least 3 months of severance pay.

Reading up to this line, perhaps

"you"

might think that

"we" have

forgotten another

TECH GIANTS

company like

"Apple" (Apple)

or not?

Not forgotten ... only until now,

Apple

has not announced a reduction in the number of employees like other competitors.

Here's how Apple

's current employment situation

compares to other companies:

Apple

currently

has a total workforce of

164,000.

Average employee salary per year:

$131,000 per year.

The year with the highest employment was

2010

, with employment increasing to

12,600,

or a 34.24% increase

from 2009.

** Remark: based on earnings report 2010-2022 and the announcement of layoff plans ended Jan. 23, 2023, as well as the World Bank's Global Economic Prospects report. **

Thai Rath Online Specialized News Team reports


graphic Anon Chantanant

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