Winter in Silicon Valley: The tech companies hit hardest by mass layoffs

Some of the world's largest companies, from Meta to Amazon, have reported significant decreases in revenue over the last few quarters, leading to mass layoffs. No company has been left unaffected, leading some to describe it as a sign of a probable recession.CONSUMER SENTIMENT ON HOUSING FALLS TO RECORD LOW AS FED RATES HIKE

Amazon: The retail giant has begun taking several actions to cut costs and prepare for an anticipated recession. This includes firing over 10,000 employees from its corporate offices and implementing a hiring freeze. The layoffs arrive weeks before the Christmas season, one of the retail giant's busiest periods. The layoffs will not affect its plan for warehouse hiring, which includes employing more than 150,000 people over the holiday season.

Microsoft: The major software company cut an unknown number of jobs from its workforce in October across multiple divisions. Stripe: The payment processing company told employees that it was cutting 14%, or 1,000 jobs, to cut costs."We were much too optimistic about the internet economy's near-term growth in 2022 and 2023 and underestimated both the likelihood and impact of a broader slowdown," wrote Stripe co-founders Patrick and John Collison in a Thursday letter.

Karma is a Bitch!!!!!

Not sure why they are laying people off, this Biden economy is exactly what they wanted. This is why they suppressed a story about Hunter in order to get Joe Biden elected. Just remember your Tech leaders will continue to do well, only the employee will suffer.

Brendy438 Are the 'tech companies' hit hard, or are their former employees hit hard? JustSayin'

Trim costs to boost profitability to please the shareholders

Bout time

Just wait until 2024

Oh darn.

My question is are these IT jobs the H-1b visas being laid off?Can someone find out?

bagaimana bicara dengan meade....?

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