In late February, several prominent tech companies announced significant layoffs as part of cost-cutting measures. HP plans to cut between 1,000 and 2,000 jobs, with details on affected departments left unspecified. Grubhub, after being acquired by Winder, will reduce its workforce by approximately 500 employees, accounting for over 20% of its staff. Autodesk also announced layoffs of 1,350 workers, about 9% of its total workforce, driven by a restructuring of its organizational strategy to better position itself in the market.
The closing days of February saw numerous tech companies, including HP and Grubhub, announcing significant job cuts, signaling a troubling trend in the tech job market.
HP announced a workforce reduction of 1,000-2,000 employees in its restructuring plan, impacting various departments without specifying which jobs are most at risk.
Grubhub is laying off around 500 workers, which is over 20% of its staff, following its acquisition by Winder in November 2024.
Autodesk plans to lay off 1,350 employees, about 9% of its workforce, reshaping its Go-to-Market organization to adapt to changing market conditions.
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