In 2022, more than 1,50,000 workers were let go by American technology companies, including giants like Amazon and Alphabet, the parent company of Google.
What are The Biggest Tech Layoffs In 2022?
Over 1,50,000 jobs were lost in the tech industry alone in 2022, and over 40,000 more have been announced since the new year. Of the total number of tech layoffs reported in the past six months, 51,000 were made by four of the largest tech companies in the US: Alphabet, the parent company of Google, Amazon, Microsoft, and Facebook owner Meta. According to consulting company Challenger, Gray & Christmas Inc., layoffs in the IT sector increased by 649% in 2022 over the previous year.
Meta: Facebook-owner Meta Platforms Inc. announced in November last year that it cut more than 11,000 jobs or 13% of its workforce. The mass layoffs were the first of their kind in Meta's 18 years of operation.
Microsoft: The Bill Gates-founded tech corporation headquartered in Washington announced that it would cut 10,000 jobs or less than 5% of its headcount by March 2023, taking a $1.2 billion charge to its earnings.
Amazon: In early January, e-commerce, cloud computing, and streaming giant Amazon and America's second-largest private employer after Walmart, said it would cut 18,000 jobs or 6% of its workforce in company-wide layoffs.
Google: Alphabet, the parent company of Google, said on January 20 in a staff memo by boss Sundar Pichai, that it would be cutting 12,000 jobs or 6% of its workforce.
Spotify: music streaming platform Spotify's CEO Daniel Ek disclosed in an all-staff memo that the company would cut 6% of its global workforce, laying off approximately 600 people.
Salesforce: San Francisco-headquartered tech company Salesforce announced on January 4 that it was cutting 10% of its jobs and closing some offices.
Twitter: Following Tesla CEO Elon Musk's $44 billion takeover, social media Company Twitter Inc. made aggressive job cuts, laying off half of its workforce or about 3,700 employees in various departments like communications, content curation, product, and engineering.
Others: Networking and Collaboration solutions firm Cisco said in November that it would lay off 5% of its workforce as part of a restructuring. Computer maker HP also said it would cut up to 6,000 by the end of the fiscal year 2025.
What are The Biggest Tech Layoffs In 2022? - Hopefully, this article can help you to get some knowledge.
