The significant Indian employee base of several tech multinationals is facing the heat of global layoff announcements. The double-whammy of post-pandemic moderation and recession fears has led to global giants Amazon, Goldman Sachs, Microsoft, Meta, and Salesforce among others laying off.

Amazon, which employs one lakh employees in India, is said to be sacking 1,000 across departments, starting this month. “They are firing people in cabins, people are crying in the office, 75 per cent of my team is gone(sic),” an employee shared on Grapevine, a community app for Indian professionals.

However, businessline could not independently verify the same and a questionnaire sent to the company did not elicit a response. The company had announced cutting 18,000 jobs globally. Investment banking giant Goldman Sachs too has started sacking employees in its India offices and the move is expected to affect 500 of the 9,000 it employs here. Globally, it is set to let go 6 per cent of its workforce, approximately 3,200 people.

Other tech companies on the lay-offs wave are Microsoft, which is slashing over 10,000 jobs, Salesforce, which is to sack 10 per cent of its employee base, and Meta, which is cutting 11,000 jobs. Snapchat and Twitter are letting go of 20 per cent (1,200 employees) and 50 per cent (7,500), respectively. According to layoffs tracker Layoffs.fyi, 26,061 employees have been fired by 104 companies in the tech industry just this month.

Vijay Sivaram, CEO, Quess IT staffing, said, “This is a phase of moderation as companies look to resize workforce according to the demand, and to ease cost pressures, post the surged hiring in the pandemic.”