In the past few months, we have witnessed layoffs like never before from the big tech companies. So what does it mean for our region?
After cutting 11,000 jobs last year, Meta is in the news again as it prepares for a fresh round of layoffs. At the beginning of the year, Alphabet, the parent company of Google, laid off 12,000 employees after its pandemic hiring spree. Around the same time, Microsoft announced 10,000 layoffs and Amazon fired more than 18,000 employees. At Twitter, Elon Musk let go of half the staff – about 7,500 employees. And yet, the site is still running smoothly.
It raises the question: how many of us are actually necessary?
The past two years has seen the rise o
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