Tech layoffs are growing

Here’s a roundup of recent job cuts in the tech industry

Image by Jose Antonio Alba from Pixabay (with added black and white filter)

Amid the prospect of an imminent global recession, tech companies have accelerated layoffs. Here is a list of notable announcements.

Amazon

Today, Amazon began laying off thousands more employees, as the ecommerce and cloud computing behemoth begins the greatest wave of layoffs in company history, only months after laying off 10,000 workers. Amazon CEO Andy Jassy revealed on January 4 that the company plans to eliminate 18,000 jobs.

Microsoft

Microsoft announced today that it will slash 10,000 jobs by the end of Q3 2023.

Meta

Last November, Facebook parent Meta announced its largest wave of layoffs yet. The company announced its intention to reduce 13% of its workforce (roughly 11,000 positions).

Alphabet

The Information revealed in November that Alphabet (Google’s parent company) planned to lay off about 10,000 low-performing staff beginning in early 2023.

Salesforce

Earlier this month, Salesforce announced it plans to slash 10% of its personnel and shut down several offices (roughly 7,900 jobs).

HP

In November, HP has revealed its intention to let off between 4,000 and 6,000 workers by the end of 2025.

Stripe

Back in November, Stripe stated that it will lay off 14% of its workforce, affecting around 1,120 of the fintech giant’s 8,000 employees.

Lightspeed

On January 17, Montreal, Canada-based point-of-sale and e-commerce software provider Lightspeed announced it is cutting 300 jobs (or 10% of its workforce).

Interestingly, Apple is the only Big Tech firm that hasn’t announced layoffs in recent times…

This story was first published on The PhilaVerse (my Substack newsletter).