big tech firms and wall street titans are leading a string of layoffs across corporate america as companies look to rein in costs to ride out a global economic downturnrapid interest rate hikes and weak consumer demand have forced firms such as amazon walt disney facebookowner meta and american banks to trim their workforceas a pandemicled demand boom rapidly fades tech companies shed more than 150000 workers in 2022 according to tracking site layoffsfyi and more layoffs are expected as growth in the worlds biggest economies start to slowhere are some of the job cuts by major american companies announced in recent weekstechnology media and telecom sectorsapthe german software company said it planned to cut 3000 jobs or 25 of its global workforceibm corpthe software and consulting firm said it will lay off 3900 employeesspotify technology samusic streaming service spotify is cutting 6 of its workforce or roughly 600 rolesalphabet incalphabet inc is eliminating 12000 jobs its chief executive said in a staff memomicrosoft corpthe us tech giant said it would cut 10000 jobs by the end of the third quarter of fiscal 2023the company laid off under 1000 employees across several divisions in october axios reported citing a sourceamazoncom incthe ecommerce giant said companywide layoffs would impact over 18000 employeesmeta platforms incthe facebookparent said it would cut 13 of its workforce or more than 11000 employees as it grapples with a weak advertising market and mounting costsintel corpceo pat gelsinger told reuters people actions would be part of a costreduction plan the chipmaker said it would reduce costs by 3 billion in 2023twitter incthe social media company has aggressively cut its workforce across teams ranging from communications and content curation to product and engineering following elon musks 44 billion takeoverlyft incthe ridehailing firm said it would lay off 13 of its workforce or about 683 employees after it already cut 60 jobs earlier this year and froze hiring in septembersalesforce incthe software company said it would lay off about 10 of its employees and close some offices as a part of its restructuring plan citing a challenging economycisco systems incthe networking and collaboration solutions company said it will undertake restructuring which could impact roughly 5 of its workforce the effort will begin in the second quarter of the fiscal year 2023 and cost the company 600 millionhp incthe computing devices maker said it expected to cut up to 6000 jobs by the end of fiscal 2025financial sectorgoldman sachs group incgoldman sachs began laying off staff on jan 11 in a sweeping costcutting drive with around a third of those affected coming from the investment banking and global markets division a source familiar with the matter told reutersthe job cuts are expected to be just over 3000 one of the sources said on jan 9 in what would be the biggest workforce reduction for the bank since the financial crisismorgan stanleythe wall street powerhouse is expected to start a fresh round of layoffs globally in the coming weeks reuters reported