Amsterdam-listed Prosus NV and its parent Naspers Ltd. are planning to cut their corporate workforce by 30%, becoming the latest global tech company to announce layoffs.
The job cuts are taking place over a 12 month-period and about 15 locations will be affected, he said. Van Dijk declined to say how many people would lose their jobs. Prosus employed 30,000 people globally at the end of March last year, according to an earnings report, but these roles are spread across corporate hubs and a range of businesses the e-commerce group invests in and operates, including in classified advertising, food delivery and internet payments.
Companies from Amazon.com Inc. to Alphabet Inc.’s Google have recently announced staff reductions after years of growth, as they seek to lower costs and improve profitability. The tech sector announced 97,171 job cuts in 2022, up 649% compared to the previous year, according to consulting firm Challenger, Gray & Christmas Inc.
This is significant.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTechSA - 🏆 24. / 61 Read more »