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Tech giants from all over the world in recent months with mass layoffs came forward. Many companies have announced that they will lay off thousands of their employees
Tech giants from all over the world in recent months with mass layoffs came forward. Many companies have announced that they will lay off thousands of their employees in the last months of 2022 for various reasons. A report from Challenger, Gray & Christmas also just appeared in November. 52,770 it turned out that the employee had been fired.
Data on Layoffs.fyi, which lists layoffs, comes from more than 1,000 tech companies through 2022. over 150 thousand it turned out that the employee had been fired. Why are so many people losing their jobs? Which companies participated in this trend? Let’s watch together.
There are many reasons for layoffs. Perhaps the most prominent of these economic uncertainty. Recession fears and the decline in people’s willingness to buy are negatively impacting almost all tech giants, forcing them to cut costs and staff.
In addition, increasing competition in the industry and the post-COVID-19 pandemic are affecting businesses in the same way. In the first days of 2023, the news of mass layoffs continues this year reveals. Which tech giants have laid off their employees in recent months? Some of these companies are listed below.
E-commerce giant Amazon became the first company of 2023 to implement mass layoffs. In today’s information, the US technology giant 18 thousand The employee turned out to be fired. It was reported that this would be recorded as the largest layoff the company has made to date. It was also one of the information that the process would be completed on January 18.
Meta, led by Mark Zuckerberg, was one of the companies that laid off their employees. In a November statement, the company, which is affiliated with platforms such as Facebook, Instagram and WhatsApp, said 11 thousand He was seen driving people away. Meta invested billions of dollars in the metaverse, which has yet to receive a response, but also lost value in its stock. In addition to the global economic problems, the company had to take such a step.
It turned out that Xiaomi, one of the first companies that comes to mind when it comes to smartphones, will lay off its employees a few weeks ago. Accordingly, the company 10% of He plans to fire. The fact that there are 35,000 employees in total shows that about 3,500 people will lose their jobs. This move by the Chinese technology giant comes after a drop in sales and a decline in smartphone sales.
The popular social media platform Twitter has also seen major layoffs recently. Billionaire businessman Elon Musk took over the head of the company after taking office to cut the costs of half of the total workforce 3700 employees he was fired.
Snap, the parent company of Snapchat, was one of the companies to lay off their employees in 2022. The CEO of the US-based company, in his statements at the end of August, 20% of announced his resignation. Given that the total workforce numbers approximately 6400 employees, this decision is more than 1200 You could say it affects the employee.
A few weeks ago it was announced that Tesla, another company under Musk, will also make layoffs. While sources close to the subject don’t give an exact number, that’s the company’s in the first quarter of 2023 He had stated that he would fire some people and stop hiring.
Coinbase, one of the largest crypto exchanges in the world, made such a move due to economic problems and the downturn in the cryptocurrency markets. In June statements, the total workforce 1200 employees, equivalent to 18% announced that he would be fired.
Technology giant Intel is one of the companies that laid off their employees. While there is no exact number, the company plans to save $3 billion next year and $10 billion by 2025 with its measures to reduce such spending.
Netflix, which had a bad year with subscriber loss, also fired its employees due to financial problems. 150 and then 300 during the year. 450 employees was reported to have been fired.
Another major technology company, HP, plans to lay off thousands of employees. The US company is looking forward to the next three years as demand for PCs slowed in November. 4000 to 6000 He stated that he would fire his employee.
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
