All of these tech companies have something in common. They’ve laid off hundreds, if not thousands, of employees in recent months.CEO Mark Zuckerberg explained in a letter to Meta employees on November 9:
“A lot of the layoffs that we’re seeing are really kind of companies correcting for the mistakes they’ve made in the transition out of the pandemic,” said Connel Fullenkamp, an economics professor at Duke University.
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As Meta and Twitter slash staff, TikTok plans to keep hiring | CNN BusinessWhile much of Silicon Valley is grappling with hiring freezes and job cuts, at least one social media company is still planning to keep hiring: TikTok. China The Chinese are hiring. It's literally paid for my China to destroy America, I am not surprised
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As tech layoffs continue, experts chime in on what this means for industry, job marketTech companies continue to lay off employees. Meta let go of 11,000 people earlier this month, about 13 percent of its staff. Snap and Amazon have also announced layoffs in recent months.
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