Tech Companies laying off their employees

Recently many tech companies have been laying off many employees because they have been overhiring during quarantine. More reasons for the layoffs have been because of high inflation and interest rates.

All the Big Tech CEOs to lead their companies to conduct layoffs
All the Big Tech CEOs lead their companies to conduct layoffs (Business Insider)

The CEO of Google, Sundar Pichai, had announced their plans to lay off 12,000 people from their workforce, as of Friday, January 20th. However, in other countries, the process “will take longer due to local laws and practices.” Pichai states.

 Satya Nadella, Microsoft’s CEO stated in a memo to employees, “I’m confident that Microsoft will emerge from this, stronger and more competitive.” Microsoft will be reducing 10,000 workers through March 31st, as the software maker braces for slower revenue growth.

In early January, the CEO of Amazon Andy Jassy said the company was planning to lay off more than 18,000 employees, primarily within human resources and stores divisions. During the Covid-19 pandemic, the company’s workforce, swelled to more than 1.6 million by the end of 2021, up from 798,000 near the end of 2019.

Almost immediately after making his purchase on Twitter in October of 2022, Elon Musk cut around 3,700 employees from the company. That was nearly half the stuff, and as Musk started to change policies and its work environment, significantly more employees started to quit.

Many more tech companies had been laying off employees as of late, but the numbers are significantly smaller than larger companies, such as Amazon and Google.