However, even with all the layoffs introduced in current weeks, most tech corporations are nonetheless vastly bigger than they have been three years in the past. Here’s a have a look at among the corporations which have introduced layoffs to this point.
August 2022
Snap: The mother or father firm of social media platform Snapchat mentioned that it was letting go of 20% of its workers. Snap’s workers has grown to greater than 5,600 workers lately and the corporate mentioned on the time that even after shedding greater than 1,000 individuals, its workers can be bigger than it was a yr earlier.
Robinhood: The firm, whose app helped convey a brand new technology of traders to the market, introduced that it could cut back headcount by about 23%, or roughly 780 individuals. An earlier spherical of layoffs final yr reduce 9% of its workforce.
November 2022
Twitter: About half of the social media platform’s workers of seven,500 was let go after it was acquired by the billionaire CEO of Tesla, Elon Musk.
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Lyft: The ride-hailing service mentioned it was reducing 13% of its workforce, nearly 700 workers. Meta: The mother or father firm of Facebook laid off 11,000 individuals, about 13% of its workforce.
January 2023
Amazon: The e-commerce firm mentioned it should reduce about 18,000 positions. That’s only a fraction of its 1.5 million-strong international workforce.
Salesforce: The firm lays off 10% of its workforce, about 8,000 workers.
Coinbase: The cryptocurrency buying and selling platform cuts roughly 20% of its workforce, or about 950 jobs, in a second spherical of layoffs in lower than a yr.
Microsoft: The software program firm mentioned it should reduce about 10,000 jobs, nearly 5% of its workforce.
Google: The search engine big turns into the latest within the business to say it should modify, saying 12,000 employees, or about 6% of its workforce, can be let go.