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 the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks to trim their workforce. As a pandemic-led demand boom rapidly fades, tech companies shed more than 150,000 workers in 2022, according to tracking site Layoffs.fyi, and more layoffs are expected as growth in the world's biggest economies start to slow. Here are some of the job cuts by major American companies announced in recent weeks. TECHNOLOGY, MEDIA AND TELECOM SECTOR Spotify Technology SA: Music streaming service Spotify is cutting 6 per cent of its workforce, or roughly 600 roles. Alphabet Inc: Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo. Microsoft Corp: The US tech giant said it would cut 10,000 jobs