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Although Apple is yet to conduct major layoffs (unlike its other big tech counterparts), it is enacting certain cost-cutting measures such as delaying some bonuses and slowing down hiring.

Microsoft is expected to lay off almost 11,000 employees today. It's unclear which divisions or regions will be affected, and according to Wall Street, the headcount reduction figure might be higher.

A letter from a UK investor claims Google's current headcount is “excessive” as compared to hiring patterns in the past. As such, the company may lay off its low-performing employees to reduce costs.

According to a new report, Elon Musk has said that he hasn't planned any more layoffs and that he will start actively recruiting for roles in engineering and sales. He has also asked for referrals.

Twitter's employee attrition has grown significantly in the past few months and CEO Parag Agrawal has said that the company will need to narrow its focus - proportionate to headcount - moving forward.