Recently, big tech companies, many citing economic headwinds, have begun conducting mass layoffs.
Four big tech companies cutting employees’ jobs in mass numbers:
- Twitter CEO Elon Musk cut 3,700 jobs following his takeover.
- Meta laid off 11,000 workers as the company's stock price fell by 70 percent this year.
- Intel cut an unspecified amount of jobs following a global slump in personal computer shipments.
- Amazon cut 150 jobs from its radio app staff and froze corporate hiring.