High personnel costs incurred during the pandemic are a common denominator in the layoffs sweeping across various corporations.
According to Xu, efforts have already been made to cut spending outside of employee livelihoods.
The termination date for international visa-holding employees has been set for March 1 of next year to allow adequate time for job hunting and relocation.
including Alexa, which has been a struggling branch of Amazon for some time. Meta confirmed sweeping layoffs earlier this month, with the totals amounting to 13% of the tech giant’s payroll.