These layoffs coincide with increasing regulatory pressure on tech giants in Malaysia due to a reported surge of malicious content on social media earlier this year. Accenture stated in a filing with the US Securities and Exchange Commission that it anticipates spending $1.5 billion on expenditures associated with the downsizing, of which $1.2 billion are directly associated with the layoffs. Read more in our articles including "Tech Job Cuts: Heads start Rolling" and "TikTok, owned by ByteDance, lays off hundreds of employees".
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Oct 20, 2018These layoffs coincide with increasing regulatory pressure on tech giants in Malaysia due to a reported surge of malicious content on social media earlier this year. Accenture stated in a filing with the US Securities and Exchange Commission that it anticipates spending $1.5 billion on expenditures associated with the downsizing, of which $1.2 billion are directly associated with the layoffs.
Our coverage of layoff includes: "Tech Job Cuts: Heads start Rolling"; "TikTok, owned by ByteDance, lays off hundreds of employees"; "Ascendion Expands AI-Driven Software Engineering in PH, Aims to Create 6,000 Jobs". Each article provides unique insights and information.