Tech industry job cuts come rapidly and in big numbers

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Here’s a look at some of the companies that have announced layoffs so far.

Operarios montan un cartel publicitario de Google en el Centro de Convenciones de Las Vegas antes de la feria tecnolgica CES, el 2 de enero de 2023, en Las Vegas.

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. However, even with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago.

: The company, whose app helped bring a new generation of investors to the market, announced that it would reduce headcount by about 23%, or approximately 780 people. An earlier round of layoffs last year cut 9% of its workforce.

 

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