In the past month alone, nearly 50,000 jobs have been cut in the technology sector. Tech companies large and small have ramped up hiring over the past few years as demand for their products, software and services soars with millions of people working remotely. Still, even with all the layoffs announced in recent weeks, most tech companies are still a lot bigger than they were three years ago. Here are some of the companies that have announced layoffs so far.
Snap: The parent company of social media platform Snapchat says it has laid off 20% of its employees. Snap’s staff has grown to more than 5,600 employees in recent years, and the company said at the time that even after laying off more than 1,000 people, its staff will be larger than it was a year ago. there.
Robin Hood hero: The company whose app has helped bring a new generation of investors to the market has announced that it will reduce headcount by about 23%, or about 780 people. An earlier round of layoffs last year cut 9% labor force.
Twitter: About half of the 7,500 employees of this social media platform were laid off after it was acquired by billionaire Tesla CEO Elon Musk.
Lyft: The ride-hailing service says it is cutting 13% of its workforce, nearly 700 employees.
meta: Facebook’s parent company laid off 11,000 people, about 13% of the workforce.
Amazon: The e-commerce company said it had to cut about 18,000 positions. That’s just a fraction of their 1.5 million-strong global workforce.
Sales force: The company laid off 10% of its workforce, about 8,000 employees.
Google: The search engine giant became the latest in the industry to say it must adjust, saying 12,000 workers, or about 6% of its workforce, will be laid off.
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