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More Tech Layoffs Announced The list of tech layoffs continues to grow as Google and Spotify have both announced cuts to their workforces.

Google, Amazon Announce Cuts in 2024 As reported by the Washington Post , Google confirmed Wednesday it had cut hundreds of engineering and hardware workers as it sought to reduce costs and refocus on artificial intelligence.

For example: ;For roles where you recruit from the immediate area (e.g., administrative staff, retail managers), you would look at city-specific data.; ;If you’re a healthcare tech company, you might use a “software or software-as-a-service (SaaS)” cut for your engineering team and a “healthcare services” cut for your clinical staff.; ;For positions with transferable skills across business sectors (e.g., accounting roles), you might use an “all industries” cut.; ;Cuts by organization size might be used for HR or operations leaders to ensure the data reflects the role’s scope of responsibility.; To illustrate, when setting a salary range, your market philosophy tells you what cut to open (e.g., software engineers in Seattle), and your compensation philosophy tells you what number to pull from that cut (e.g., the 75th percentile to lead the market).

Whole Foods Market Consolidating Business, Cutting Corporate Jobs Whole Foods Market is planning to cut several hundred corporate jobs, the company said, as the grocer reorganizes its structure to simplify operations, the Wall Street Journal reported .

Workspan Magazine article;5 Minutes With … Michael Horne, Dow’s Global Rewards Leader , Workspan Magazine article;Financial Reporting 101 for Total Rewards Pros , Workspan Daily Plus+ article;Emphasize the Value of Total Rewards During Economic Uncertainty , Workspan Daily Plus+ article;How to Calculate the ROI on Your Wellness Program , Journal of Total Rewards article;2026 Priorities of Total Rewards Leaders , research;WorldatWork KPIs and Business Formulas , tool; When the company’s chief financial officer (CFO) starts talking about the need for spending cuts, your HR department budget is often a prime target.

Nokia to Cut Up to 14,000 Jobs Nokia said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings, CNBC reported .

.; ;Ensure employee resource groups (ERGs), mentoring and sponsorship don’t disappear in cost-cutting rounds because their value isn’t easily captured on a spreadsheet.​; In practice, this means HR reframing what had been known as DEI to instead revolve around critical infrastructure that impacts rewards, performance management, leadership development and workforce planning.

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Southwest Airlines Announces First Mass Layoffs Dallas-based Southwest Airlines recently announced plans to cut 1,750 jobs, or 15% of its corporate and leadership workforce.

Meta Begins Fresh Round of Layoffs Meta has begun its third round of layoffs as part of the company’s continued plan to cut costs and become more efficient in 2023 and beyond, CNBC reports .