This July 3, 2014 profile photo shows the Microsoft Corp logo. outside the Microsoft Visitor Center in Redmond, Wash. In January 2023 alone, there were nearly 50,000 job cuts 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. Credit: AP Photo Ted S. Warren, Profile
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.
August 2022
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.
November 2022
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.
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Executives developed a public Google consortium at the Las Vegas Convention Center ahead of the CES tech conference, January 2, 2023, in Las Vegas. Photo: AP Photo/John Locher
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On this April 30, 2020, file photo, a Lyft ride-hailing vehicle used in the sun in abundance near Empower Field at Mile High in Denver. In January 2023 alone, there were nearly 50,000 job cuts 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. Credit: AP Photo / David Zalubowski, Profile
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In this October 20, 2015 file photo is a sign outside the Google headquarters in Mountain View, California. In January 2023 alone, there were nearly 50,000 job cuts 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. Credit: AP Photo / Marcio Jose Sanchez, Profile
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A receptionist works in the lobby of the Twitter office building in New York, Wednesday, October 26, 2022. In January 2023 alone, nearly 50,000 jobs were cut in the industry. 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. Credit: AP Photo / Mary Altaffer, Profile
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Coinbase employee Daniel Huynh holds a bottle of champagne to celebrate as he poses for a photo outside Nasdaq MarketSite, in New York’s Times Square, Wednesday, April 14, 2021. In January 2023 only. Recently, there were nearly 50,000 job cuts across the United States. technology field. 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. Credit: AP Photo / Richard Drew, Profile
January 2023
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.
Coinbase: Cryptocurrency trading platform to cut about 20% of workforce, or about 950 jobs, in second wave lay off in less than a year.
Microsoft: the software company said it would cut about 10,000 jobs, nearly 5% of its workforce.
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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