Layoffs Soaring In Tech Industry This Month
November worst month for tech firings this year
View Source | November 15, 2022 10:12 am
- The technology sector is one of the hardest hit by the Federal Reserve’s rate hikes.
- Amazon is preparing to lay off approximately 10,000 employees in its largest reduction yet.
- Meta’s layoffs account for almost half of the 23,000 firings in November.
- Twitter laid off 3,700 employees this month, Salesforce laid off 1,000, Lyft cut 700 employees, and Redfin let go of 850.
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