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Amazon, Meta join ranks of tech companies slashing thousands of jobs - BNN Bloomberg

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Here’s a running list of tech companies that are cutting jobs and pulling back on hiring.

Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the U.S. and a strong dollar abroad.

“We are not immune to the realities of inflation and a slowing economy,” co-founders John Zimmer and Logan Green said in a memo. “We need 2023 to be a period where we can better execute without having to change plans in response to external events — and the tough reality is that today’s actions set us up to do that.”The Facebook parent is cutting 11,000 jobs, the first major round of layoffs in the social-media company’s history.

 

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