{"id":859,"date":"2022-11-26T07:05:00","date_gmt":"2022-11-26T07:05:00","guid":{"rendered":"https:\/\/worldculturepictorial.com\/wcp-blog\/?p=859"},"modified":"2022-11-28T03:00:59","modified_gmt":"2022-11-28T03:00:59","slug":"tech-layoffs-2022-biggest-cuts-meta-facebook-twitter-cisco-amazon","status":"publish","type":"post","link":"https:\/\/worldculturepictorial.com\/wcp-blog\/tech-layoffs-2022-biggest-cuts-meta-facebook-twitter-cisco-amazon\/","title":{"rendered":"Tech layoffs 2022: 1138 rounds globally through mid-Nov affecting 182k people; biggest cuts announced at Meta, Twitter, Cisco, Amazon, HP, Carvana, Stripe, Coinbase, Snap\u2026"},"content":{"rendered":"
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\n\nThe job cuts in tech land are piling up, as companies that led the 10-year stock bull market adapt to a new reality.<\/a>
\nLayoffs come as digital advertisers are cutting back on spending and rising inflation curbs consumer spending. Meta cut 11,000 jobs Wednesday in the biggest tech layoff of 2022. Here are the big ones that have been announced recently:

\n\nMeta: about 11,000 jobs cut (rightsizing after expanding headcount by about 60% during the pandemic)
\nTwitter: about 3,700 jobs cut (about half the staff)
\nLyft: around 700 jobs cut (13% of its staff)
\nStripe: around 1,100 jobs cut (14% of its staff)
\nCoinbase: around 1,100 jobs cut (18% of full-time jobs)
\nShopify: around 1,000 jobs cut (10% of its global employees)
\nNetflix: around 450 jobs cut
\nMicrosoft: less than 1,000 job cuts reportedly (less than 1% of employees)
\nSnap: more than 1,000 jobs cut (20% of its workforce)
\nRobinhood: 31% of its staff
\nChime: about 160 jobs cut (12% of its workforce)
\nTesla: cutting 10% of salaried employees

\n\nList: The 57 Biggest Tech Layoffs in 2022 including Amazon, Facebook, Apple, Google, and Cisco<\/a>

\n\nTech layoffs in 2022: A timeline<\/a>
\nAccording to TrueUp\u2019s tech layoff tracker, there were 1138 rounds of layoffs at tech companies globally through mid-November, affecting 182,605 people.

\n\nWhen global economic headwinds started picking up earlier in the year, many technology companies reacted to fears of an incoming recession by putting the brakes on hiring. The bad news is\u2014amid rising interest rates, the ongoing war in Ukraine, high fuel costs, supply chain issues, and a decline in personal PC sales\u2014most of those freezes have since been accompanied by job cuts, as companies look for ways to reduce operating costs.

\n\nHere is a list\u2014to be updated regularly\u2014of some of the most prominent technology layoffs the industry has experienced recently.

\n\nNovember 2022
\nNov. 22: HP\u2014Up to 6,000 staff
\nNov. 17: Cisco\u20144,100 staff
\nNov. 15: Asana\u201497 employees
\nAmazon: Nov. 14\u201410,000 people
\nZendesk: Nov. 10\u2014350 people
\nSalesforce: Nov. 9\u2014950 people
\nMeta: Nov. 9\u201411,000 people
\nTwitter: Nov. 3\u20143,750 people
\nStripe: Nov. 3\u20141,100 people

\n\nOctober 2022
\nF5: Oct. 21\u2014100 people
\nMicrosoft: Oct. 17\u20141000 people
\nOracle: Oct. 14\u2014201 people
\nIntel’s Habana Labs: Oct. 11\u2014100 people

\n\nSeptember 2022
\nDocuSign: Sept. 28\u2014670 people
\nTwilio: Sept. 14\u2014850 people

\n\nGoogle Layoffs: Big Tech Continues Downsizing<\/a>
\nA report from tech-focused news site The Information suggests that Google layoffs could top 6%, or 10,000 employees, in early 2023. So far, Google itself hasn\u2019t confirmed any layoffs (yet). But its hiring and growth patterns mimic many of the trends in the broader tech industry over the last two years. The company recently froze all new hiring while telling some teams to \u201cshape up or ship out\u201d if they can\u2019t meet new expectations.

\n\n(unquote)

\n\nImage courtesy CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(quote) The job cuts in tech land are piling up, as companies that led the 10-year stock bull market adapt to a new reality. Layoffs come as digital advertisers are cutting back on spending and rising inflation curbs consumer spending. Meta cut 11,000 jobs Wednesday in the biggest tech layoffRead More →<\/a><\/span><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[5,8,11,1,12],"tags":[21,22,26,27,35,41,32],"class_list":["entry","author-wcp-system-thinker","post-859","post","type-post","status-publish","format-standard","category-figures-and-facts","category-life-nature-society","category-science-and-technology","category-uncategorized","category-us-and-world","tag-business","tag-economy","tag-facts","tag-figures","tag-news","tag-society","tag-technology"],"_links":{"self":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/posts\/859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/comments?post=859"}],"version-history":[{"count":0,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/posts\/859\/revisions"}],"wp:attachment":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/media?parent=859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/categories?post=859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/tags?post=859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}