Atlassian and SiriusXM to conduct major layoffs among many other big businesses

The satellite radio provider SiriusXM announced last Thursday that it plans to lay off 475 employees. In the meantime, the software business Atlassian also announced plans to cut 500 jobs. This news comes at a time when layoffs are aplenty in the US. Tech businesses, banks, manufacturers, and social media companies nationwide feel the effect of the rolling recessions three months into 2023.

The job cuts at Atlassian will affect 500 full-time employees, nearly 5% of its staff. The layoffs were announced at a Securities and Exchange Commission filing on Monday. An internal memo by the co-CEOs Mike Cannon-Brookes and Scott Farquhar mentioned how the layoffs were driven by a “changing and difficult macroeconomic environment.” The memo continued to explain how the company plans to further rebalance the skills it requires to chase the priorities of the business.

SiriusXM’s CEO Jennifer Witz announced the layoffs at her company via a memo. According to her, the job cuts will affect nearly 8% of the company’s 6,000-strong workforce. The layoffs will be spread across nearly every department of the organization as the executives will take an attempt at maintaining a sustainably profitable company in the uncertain economic environment of the present.

Citigroup will also lay off more employees. However, the job cuts are expected to affect no more than 1% of the 240,000 employees of the business. The company reportedly laid off another 50 trading workers in November. Thoughtworks, a Chicago-based software consulting firm, plans to let go of 4% of its 12,500 global employees. The move is expected to support the future growth of the business, as told by spokesperson Linda Horiuchi.

Waymo is another big tech business that plans to lay off its staff. The layoffs at Waymo will be aimed at 8% of its workforce. This round of job cuts will bring the total layoffs in the company in 2023 to 209. The parent company of Waymo, Alphabet, already announced a massive layoff affecting almost 12,000 people’s livelihoods.

General Motors brought the manufacturing sector to layoff headlines on the last day of February by announcing a job cut of nearly 500 employees. The company employs over 167,000 workers. Twitter started another round of layoffs on February 27^th, letting go of 200 of the remaining 2,000 employees on the social media platform. Overall, the layoffs at Twitter have cut the original 7,500-employee staff by more than half.

Cerebral, the mental health startup, will let go of 15% of its workforce. This job cut will affect 285 employees at the company roughly. The business plans to reorganize itself. Palantir Technologies, a Denver-based software company, also plans to let go of nearly 2% of its workforce. This will affect 76 of the business’s 3,838 employees.

Ericsson’s cost-cutting plan to save $880 million by the end of 2023 will involve a layoff spree of 8% of its staff. These job cuts will affect 8,500 positions of its 106,000 global employee base. NPR is another American business giant that announced layoffs in the last month. The layoffs at NPR will affect at least 100 employees of its 1,100 headcount.

Nearly 4% of the 44,000 employees at McKinsey are at risk of losing their occupations to job cuts this year while DocuSign also plans to lay off 10% of its staff. This will affect almost 740 workers of its 7,400 employees.