November 30, 2022

From Amazon to Meta, why big tech companies are laying off workers

Silicon Valley continues to have tough times. Amazon may now announce 10,000 layoffs. Prior to Amazon’s layoff announcement, other major tech companies such as Meta, Twitter, Snap, and Microsoft had already announced layoffs.

Amazon may now announce 10,000 layoffs.

Silicon Valley continues to have tough times. the amazon Now 10,000 people can announce layoffs. Before Amazon announced layoffs, other big tech companies followed suit meta, TwitterSnap and Microsoft have already announced layoffs. apple Companies like that have also cut the number of new jobs. Big tech companies are also bracing for tough times ahead. With talk of a global recession, tech companies, known for spending big, are now cutting costs.

Amazon to lay off 10,000 workers

The New York Times was the first to report that Amazon will lay off nearly 10,000 people in its corporate and technology divisions starting this week. Amazon made the announcement ahead of the holiday season, when Black Friday sales are also coming up next week.

It is expected to be the largest job cut in the company’s history. This will have a major impact on Amazon’s retail, devices and human resources divisions. Earlier, Bloomberg reported how Amazon is cutting costs on a large scale. The company has completed work on its home delivery robot Scout. Around 400 people were included in the team, who have been transferred to other teams. The company also shut down Amazon Explore, a virtual shopping feature launched during the pandemic.

Meta laid off 11,000 employees

Facebook parent company Meta announced 11,000 layoffs on November 9. That’s about 13 percent of the company’s workforce. Meet CEO Mark Zuckerberg wrote a big post about the layoffs. He attributed the impact of Corona on tech companies. He wrote that many predicted that the pandemic would have an impact long after it was over. He said he did the same, so he decided to increase his investment to a larger scale.

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Twitter has laid off about 3,700 workers

When Elon Musk acquired Twitter, layoffs were expected. But the way in which it has been done, the industrialist has come under heavy criticism. First, Musk ousted Twitter CEO Parag Agarwal, CFO Ned Segal, citing reliability and security concerns. After this, on 4 November 2022, a large-scale retrenchment took place.

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