US-based tech companies scrapped more than 150,000 jobs so far this year, nearly double the firings seen at the start of the pandemic, the report reveals
Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Tech industry has been laying off workers at fastest pace since the pandemic – with more than 150,000 jobs being cut in 2022 as companies like Meta and Amazon rein in costs
- Tech-driven companies are embarking on a layoff spree the likes of which not seen since the pandemic, a new report has revealed – laying off more than 150,000 workers within the course of a year.
- The worst offenders , the website discerned, were once-untouchable tech stalwarts Facebook parent Meta and Amazon, which both suffered heavy loses
- According to the report, the two hardest hit sections of the industry were in consumer and retail, which combined for nearly a third of all tech layoffs last year, with roughly 40,000
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