Layoffs 2023 Companies: In many big companies around the world, the era of firing employees is not taking the name of stopping. The company is taking out its employees due to the economic downturn. After Facebook, Twitter, now the American chemical company Dow is going to show its employees the way out of the job. Know how many employees will be affected…..
Two thousand employees will be affected
American chemical maker Dow will lay off about 2,000 employees worldwide. Although this number is 5 percent of the company’s employees worldwide. The move is part of the company’s target of cutting $1 billion in expenses this year.
This was the movement of the stock in the fourth quarter
About 37,800 people currently work in the Midland-based company in Michigan. Although Dow has not given the figure. Dow says it will assess assets to focus on Europe. The company posted a profit of $613 million, or 85 cents per share, in the fourth quarter.
SAP will lay off employees
On the other hand, Waldorf-based group SAP provides traditional software and cloud-based computing services. The SAP company says that it has planned to undertake a targeted restructuring program to strengthen its core business and improve efficiency. Disclosing the full year results for the year 2022, said in an Earnings Report that about 2.5 percent of SAP employees are expected to be fired from this program. SAP has a workforce of approximately 120,000 employees worldwide. Among which the company is planning to lay off around 3,000 employees.
3 out of 4 worried about inflation
The move comes after layoffs announced by tech giants Meta, Amazon, Google, IBM and Microsoft. It has been revealed in a report that, 3 out of 4 people are worried about rising inflation. They are thinking of taking several decisive steps to deal with it. 3 out of 4 Indians are afraid of losing their jobs. It is significantly higher in the rich class (32 percent), in the age group of 36-55 years (30 percent) and in the salaried class (30 percent).
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