Global layoff spree: Microsoft, Amazon among firms cutting jobs; thousands affected
timesofindia.com / May 18, 2025, 22:23 (IST)
Global corporations, including Microsoft, Amazon, Panasonic, PwC, CrowdStrike, and Burberry, are implementing significant job cuts affecting thousands. Driven by structural overhauls, cost-cutting, and a focus on profitability, these layoffs signal an industry-wide shift towards leaner operations.