About 50,000 jobs have been cut in the tech sector in the past month. Technology companies large and small have ramped up hiring over the past several years as demand for their products, software, and services has increased, with millions of people working remotely.
See: Larger technological cuts, slower growth raise fears of possible recession
However, despite all the layoffs announced in recent weeks, most tech companies are still much bigger than they were three years ago.
Here’s a look at some of the companies that have announced layoffs so far:
August 2022
Snap
The parent company of social media platform Snapchat has said it will lay off 20 percent of its workforce. Snap’s workforce has grown to more than 5,600 employees in recent years, and the company said at the time that even with more than 1,000 layoffs, its workforce will be larger than it was a year ago.
Robinhood
The company, whose app helped bring a new generation of investors to the market, announced it would reduce its headcount by about 23 percent, or about 780 people. An earlier round of layoffs last year cut 9 percent of its workforce.
November 2022
Half of the social media platform’s 7,500 employees were let go after Tesla was acquired by billionaire CEO Elon Musk.
lift
The ride-hailing service said it was cutting 13 percent of its workforce, about 700 employees.
Meta
Facebook’s parent company has laid off 11,000 people, about 13 percent of its workforce.
January 2023
Amazon
The e-commerce company said it will cut about 18,000 positions. That’s just a fraction of its 1.5 million-strong global workforce.
Salesforce
The company will lay off about 8,000 employees, 10 percent of its workforce.
coin base
The cryptocurrency trading platform is cutting about 20 percent of its workforce, or about 950 jobs, in a second phase in less than a year.
Microsoft
The software company said it would cut about 10,000 jobs, about 5 percent of its workforce.
It is the latest for the search engine giant to say that 12,000 workers, or about 6 percent of its workforce, will be laid off.
Spotify
The music streaming service is cutting 6 percent of its global workforce. It did not give a specific number of job losses. Spotify noted in its latest annual report that it had approximately 6,600 employees, meaning 400 job cuts.
