Microsoft is laying off approximately 6,000 employees, or around 3% of its global workforce, according to a recent report by CNBC. 

Electronic Arts Inc. (EA), the company behind Apex Legends, The Sims series, and the FIFA series video games, is laying off between 300 to 400 employees, including about 100 at the company's Respawn Entertainment studio, according to a recent report by Bloomberg News.

Meta, the company behind Facebook, Instagram, and WhatsApp, has carried out another round of layoffs, according to reports from international tech news platforms The Verge and TechCrunch.

Microsoft has announced plans to lay off 650 employees from its Xbox division, according to a recent report by Bloomberg News. This marks the third round of layoffs by the company this year, states the report.

Samsung Electronics Co., Ltd. is planning on letting go of up to 30% of its employees working overseas at specific divisions, according to a recent report by Reuters.

Apple has fired about 100 employees involved in its digital services groups, as per a recent report by Bloomberg News. According to the report, most of these terminations came from Apple's Books app and Bookstore teams.

Cisco Systems is set to implement a second wave of layoffs this year, with thousands of employees expected to be affected, according to sources familiar with the situation. The US networking giant, headquartered in San Jose, California, is making these cuts as part of its strategic shift towards higher-growth sectors, including cybersecurity and artificial intelligence (AI).

Google has recently laid off 28 employees involved in a public protest against the tech giant's cloud contract with the Israeli government, as per an official statement by the company.

As interest rates rise and growth slows, Silicon Valley bosses have begun to reclaim power from workers by slashing perks and initiating massive layoffs.

From small startups to large multinational corporations, tech companies of all sizes have been forced to let go of employees in droves, leaving many wondering why this is happening.

Google's parent company Alphabet announced about 12,000 job cuts globally on Friday citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring.