Google, Microsoft, Amazon and other tech companies have laid off more than 70,000 employees in the last year

in a memo to staff

that the cuts were necessary amid rising inflation, fears of a looming recession, higher interest rates, energy shocks, tighter investment budgets and sparser startup funding. Taken together, these factors signal "that 2022 represents the beginning of a different economic climate," he said. Stripe was valued at $95 billion last year, and reportedly lowered its internal valuation to $74 billion in July., which equals 10% of its global workforce.

In a memo to staff, CEO Tobi Lutke acknowledged he had misjudged how long the pandemic-driven e-commerce boom would last, and said the company is being hit by a broader pullback in online spending. Its stock price is down 78% in 2022.

From 2020 to 2021, for instance, Google alone hired 21k.

If you don’t see what’s coming, what you need to do. Please ask.

But how many did they hire?

And nobody gives a shit and nobody can do a god dam thing about it. Employers don’t care about employees, plan and simple. Never have, never will.

Haha

They are moving to AI tech run models of business, which are more profitable for those at the top. No pesky humans, or unions to consider/contend with, and the government will totally allow them to pass any costs for the changeover onto consumers. TheWealthyAlwaysWin America

ReplyGPT

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