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Tech layoffs close to 1/4 million as of October 2023 vs. 165k in 2022: Google, Amazon, Microsoft, Yahoo, Meta, Zoom…
Tracking these layoffs helps us to understand the impact on innovation, which companies are facing tough pressures and who is available to hire for the businesses lucky to be growing right now. Unfortunately, it also serves as a reminder of the deeply human impact of layoffs and how risk profiles could evolve from here.
Forget ‘Quiet Quitting,’ 2023 Will Be All About ‘Loud Layoffs’
Most Americans are not looking to change job this year, exclusive polling for Newsweek reveals
Tech companies such as Amazon, Meta and Twitter have announced deep cuts to their workforce following increased hiring in the pandemic
The threat of recession is fueling anxiety for both workers and businesses
Mass layoffs in the tech sector, which began in 2022, are continuing this year, with Microsoft announcing earlier this month that it will let go of 10,000 employees in an effort to reduce costs. “No one can defy gravity and gravity here is inflation-adjusted economic growth,” Microsoft CEO Satya Nadella said in a livestreamed discussion at the World Economic Forum (WEF) in Davos last week when announcing the layoffs.
