Dec 4 Reuters Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com and Wall Street banks including Goldman Sachs to slash thousands of jobs in a quest to rein in costs.

Many companies such as Meta Platforms even resorted to more than one round of layoffs as the economic outlook showed no signs of material improvement through 2023, forcing them to further tighten spending.

Here are some of the job cuts by major American companies announced in recent months.

TECHNOLOGY, MEDIA AND TELECOM SECTOR

Meta Platforms

The Facebookparent said it would cut 10,000 jobs, just four months after it let go 11,000 employees.

IBM Corp

The software and consulting firm said it will lay off 3,900 employees.

Spotify Technology SA

Music streaming service Spotify is laying off around 1,500 employees, or 17 of its headcount, after letting go of 600 staffers in January and 200 more in June.

Alphabet

Alphabet is eliminating 12,000 jobs, its chief executive said in a staff memo. 

Microsoft Corp

The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023.

The company laid off under 1,000 employees across several divisions in October, Axios reported, citing a source.

Amazon.com

The ecommerce giant will cut another 9,000 jobs in its cloud services, advertising and Twitch units after announcing companywide layoffs earlier this year that would impact over 18,000 employees.

Intel Corp

CEO Pat…