Layoffs Soaring In Tech Industry This Month

November worst month for tech firings this year

  • 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.