In just the past month there have been nearly 50,000 job cuts across the technology sector.
However, even with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago. Here’s a look at some of the companies that have announced layoffs so far.Snap: The parent company of social media platform Snapchat said that it was letting go of 20 per cent of its staff.
Lyft: The ride-hailing service said it was cutting 13 per cent of its workforce, almost 700 employees.Related:Amazon: The e-commerce company said it must cut about 18,000 positions. That's just a fraction of its 1.5 million-strong global workforce.Coinbase: The cryptocurrency trading platform cuts approximately 20 per cent of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.