Google, Microsoft, Amazon and other tech companies have laid off more than 70,000 employees in the last year
Economy And Jobs,Big Tech,Google,Recession,Inflation,Pandemic,Coronavirus,Microsoft,Meta,Twitter,Amazon
The job cuts in tech land are piling up, as companies that led the 10-year bull market adapt to a new reality.
Google announced plans to lay off 12,000 people from its workforce Friday, while Microsoft said Wednesday that it’s letting go of 10,000 employees. Amazon also began a fresh round of job cuts that are expected to eliminate more than 18,000 employees and become the largest workforce reduction in the e-retailer’s 28-year history.
The layoffs come in a period of slowing growth, higher interest rates to battle inflation, and fears of a possible recession next year.
Here are some of the major cuts in the tech industry so far. All numbers are approximations based on filings, public statements and media reports:
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