Numerous large layoffs that occurred in May 2024 had an impact on thousands of workers worldwide. Almost all tech and non-tech companies, including Tesla and Google, announced layoffs this month.

Highlights:

• Tesla laid off its entire charging staff, impacting the Supercharger network.
• Google cut 200 jobs and plans to hire replacements in Mexico and India.
• Microsoft closed several game studios, while Walmart laid off hundreds of corporate workers.

Major Layoffs: Due to business strategy changes, mergers and acquisitions, corporate restructuring, economic downturns, and firm reorganization, layoffs in a number of industries are increasing daily. Employees in a variety of roles and levels were affected by these layoffs. Because of the tech industry's rapid expansion, innovation, and relevance in the global economy, layoffs in this sector receive a lot of attention. 

Leading corporations in several industries have increased their layoffs this year, which has led to a significant number of employees being let go from their professions.

Many large layoffs that occurred in May 2024 had an impact on thousands of workers worldwide. Almost all IT companies as well as businesses in other industries, like Tesla and Google, announced layoffs last month.

Layoffs at Tesla: 

This month, in an unexpected development, Elon Musk's company, Tesla, laid off every member of its charging staff. These layoffs, which come on top of the EV business's earlier ones, have impacted Tesla's Supercharger network, even though the company has contracts with big manufacturers like Ford and General Motors to use its connectors.

Google Layoffs: 

In an attempt to cut expenses, Google recently let go of some 200 workers from its "core team" and moved some positions abroad. The engineering staff at the company's California headquarters lost about 50 jobs. According to a report, the corporation plans to hire replacement employees in Mexico and India for these positions.

Layoffs at Microsoft: 

The Xbox division of Microsoft has disclosed intentions to close a number of game studios, including Arkane Austin. 

This strategic move places Microsoft in line with other IT corporations undergoing major reorganization efforts. It is linked to a combination of financial underperformance and a shift towards more lucrative ventures. Several employees in the division were laid off as a result of this action.

Walmart Layoffs: 

The giant American retailer Walmart revealed that it would be terminating hundreds of workers from its corporate offices. It will also consolidate its virtual staff into three main offices in the US and Canada. This choice represents a tactical reversal from the original support for remote labor during the pandemic.