last week after acquiring the social network. Apple Inc., Amazon.com Inc. and Alphabet Inc. have all slowed or paused hiring.Article content
“For the big companies, it’s reasonable to assume that the rising tide that has been floating their boats for the past 15 years is just now a lot choppier,” Pozner said. “They clearly need to trim and to rationalize projects that they just haven’t had to do for a decade and a half because the environment was so munificent.”
The second quarter of 2020 still ranks as the worst three-month period for layoffs since the COVID-19 pandemic began, but this year is shaping up to be grimmer for job cuts than 2020 overall, according to Roger Lee of Layoffs.fyi. More than 104,000 startup workers have lost their jobs so far this year, surpassing the roughly 81,000 posts shed in 2020, said Lee, whose site tracks cuts at startups, which it defines as any firm formed after the dot-com bubble. Layoffs.
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