Why Are Tech Companies Laying Off So Many Workers?

Every week seems to bring a new round of layoffs in the tech sector. It started earlier in the year with smaller, growth companies who need to keep a close eye on their ongoing spend, and has now extended to the behemoths of the industry like Meta and Amazon. Just this week it’s been reported that Amazon is planning to lay off a massive 10,000 employees. This comes off the back of Meta letting go 11,000 workers last week and Elon Musk running a continuous revolving door over at Twitter.
Read more: https://www.forbes.com/sites/qai/2022/11/16/why-are-tech-companies-laying-off-so-many-workers/?source=Snapzu