Source: news.google.com
A wave of layoffs swept through the US tech sector in 2022 and is expected to continue through 2023. Tech giants like Amazon, Meta, and Twitter are the latest companies to ride the wave of layoffs. Amazon plans to lay off up to 10,000 employees, focusing on the company’s device organization, retail division and human resources.
As for Meta, it cut its workforce by about 11,000, the first major layoffs in Meta’s 18-year history. Like many of his peers, Meta engaged in aggressive hiring during the pandemic to address the rise in social media use by stay-at-home consumers. Now, in the post-pandemic, inflation-ridden economy we all find ourselves in, Meta’s bottom line has taken a hit due to a slowdown in advertising and consumer spending caused by rising costs…
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