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NEW YORK, Jan. 23 (AP) — Nearly 50,000 jobs have been laid off across the tech industry over the past month.
Tech companies large and small have been on a hiring spree over the past few years as demand for their products, software and services has soared as millions of people work remotely.
Yet even with all the layoffs announced in recent weeks, most tech companies are still much bigger than they were three years ago. Here are some of the companies that have announced layoffs so far.
August 2022
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Snap: The parent company of social media platform Snapchat said it would lay off 20% of its workforce.
Snap, which has grown to more than 5,600 employees in recent years, said at the time that even with more than 1,000 layoffs, it would still have more employees than it did a year ago.
Robinhood: The company, whose app helps bring a new generation of investors to the market, announced it would lay off about 23% of its workforce, or about 780 people.
A round of layoffs earlier last year cut 9% of its workforce.
November 2022
Twitter: About half of the social media platform’s 7,500 employees have been laid off following its takeover by Tesla’s billionaire CEO Elon Musk.
Lyft: The ride-hailing company said it would cut 13% of its workforce, or nearly 700 people.
Meta: Facebook’s parent company cut 11,000 jobs, about 13% of its workforce.
January 2023
Amazon: The e-commerce company said it had to cut about 18,000 jobs. That’s just a fraction of its 1.5 million strong global workforce.
Salesforce: The company cut its workforce by 10%, about 8,000 employees.
Coinbase: The cryptocurrency trading platform has undergone a second round of layoffs in less than a year, cutting about 20% of its workforce, or about 950 jobs.
Microsoft: The software company said it would cut about 10,000 jobs, or nearly 5% of its workforce.
Google: The search engine giant became the latest company in the industry to say it must adjust, saying it would lay off 12,000 workers, or about 6% of its workforce.
Spotify: The music streaming service is laying off 6% of its global workforce. It did not give a specific number of unemployed. Spotify reported in its latest annual report that it has about 6,600 employees, which would mean 400 layoffs. (Associated Press)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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