One month after acquiring Amazon Web Services consultant partner Itoc, Thoughtworks has confirmed it will be laying off around 500 employees on a global basis, joining the ongoing list of IT companies cutting hundreds or thousands of employees in 2023. When contacted, the $1.3 billion Chicago-based company confirmed it made the “difficult decision” to reduce its global workforce of about 12,500 employees by approximately 4 percent. “These changes were necessary to support the future growth of our business,” Thoughtworks said when asked about the layoffs.