Big Tech Layoffs with The Professor & The Coach

Leadership BITES

Welcome to this week's episode of Leadership Bites, where we discuss the latest developments in the world of technology. In this episode, we will be exploring the big tech layoffs of 2023, which have already seen over 100,000 workers being laid off in just the first six weeks of the year.

According to data compiled by Layoffs.fyi, an online tracker that keeps tabs on job losses in the technology sector, the number of layoffs in 2023 already accounts for 64% of the total tech company layoffs for all of 2022. This is a significant trend that highlights the current state of the tech industry.

Some of the largest tech companies, including Alphabet, Amazon, Meta, Twitter, Microsoft, and Salesforce, have all laid off a significant number of employees. Alphabet, for example, has laid off 12,000 workers, while Amazon has laid off 18,000 employees. Meta has also been forced to let go of 11,000 workers, while Twitter has cut 4,000 jobs. Microsoft and Salesforce have both laid off 10,000 and 8,000 employees, respectively.
These job losses have come as a result of the end of the pandemic hiring spree, which saw many companies rapidly expanding their workforces to meet increased demand for technology services. Now that the pandemic has subsided, many of these same companies are having to restructure their operations to remain competitive, leading to significant layoffs across the industry.
Join us in this episode as we delve deeper into the reasons behind these layoffs, the impact they are having on the industry, and what the future of tech employment looks like in the wake of these developments.

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