The bleeding of layoffs from big tech doesn’t seem to end

He blood baths in the technology industry, it continued its course in the first months of 2023. For the technology sector, which grew meteorically during the pandemic, in subsequent years the rise in interest rates and inflation they cut those benefits.

in the last months industry giants like, Alphabet, Google Matrix, Amazon, Apple, Microsoft, Meta, PayPal and Dell announced cuts in their workforces that, when added together, far exceed the 60,000 jobs.

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Even with all the layoffs announced for this year, most of the companies that are laying people off turn out to be bigger than they were three years ago.

Some of the companies that announced layoffs

Zoom: The company announced that it will eliminate 1,300 jobsthat represents a 15% of your workforce. In addition, it will reduce the base salary of its high-ranking executives due to a slowdown in demand for its video conferencing services.

Dell: He cut his payroll 5%, about 6,600 employeeshe said, to the erosion of market conditions.

PayPal: The company announced that it will lay off 7% of its workforce, about 2,000 workers full-time, to deal with a difficult intern, according to the AP agency.

Amazon: The firm said it must cut some 18,000 positions of work. Which represents only a fraction of its 1.5 million employees.

Sales force: will fire the 10% of your workforceor about 8,000 employees.

coin base: The cryptocurrency trading platform cut around the 20% of your staffor about 950 positions, in a second round of layoffs in less than a year.

Microsoft: the company will cut 10,000 jobsor 5% of its staff.

Google: Announcement that 12,000 employeesor 6% of your workforce, would be laid off.

Spotify: The music streaming service will cut a 6% your workforce.

SAP: Europe’s leading software company to cut 3,000 stalls worldwideor 2.5% of its workforce, after a drop in its profits.

IBM: Technology will ensure that it will cut 3,900 employees at the end of January after registering a previous sale of some parts of his business.

And last year’s jobs?

Twitter: Elon Musk’s firm, after its controversial acquisition, fired about half of the employees 7,500 employees from the platform.

Staff cuts and restructuring: company defects will be achieved by 2023

Lyft: The transport service reduced the 13% of its workforceabout 700 employees.

Goal: Facebook’s parent company fired 11,000 peopleabout 13% of its workforce.

SE/LR