In the face of the company's ongoing layoffs, Google and Alphabet CEOs Sundar Pichai recently stated in an interview that the company is "taking the time to do this right".

Toshiba is cutting 5,000 jobs, which is about 10% of its Japanese workforce. This significant move follows the company's delisting from the stock market and is part of a strategic partnership with Japan Industrial Partners (JIP) to focus on growth sectors like digital technology and infrastructure. The layoffs aim to: Drive corporate restructuring and focus on high-growth areas. Improve profitability by merging business units and cutting excess staff. Avoid financial instability after past challenges with financial misreporting. These changes are steps toward Toshiba's planned IPO in five years, hoping to revitalize the company for a stronger future.

On Monday, Tesla suddenly announced that it would lay off 10% of its workforce globally, shocking the market. At the same time, two Tesla executives also announced their departure from Tesla.