What do Twitter, Amazon, and Facebook parent company Meta have in common? Well, besides the obvious fact that they’re all major tech companies, all three firms have recently announced significant employee layoffs.
Massive Layoffs Strike Big Tech
Meta, which also owns WhatsApp and Instagram, announced the layoff of over 11,000 employees in early November. Following its purchase by billionaire Elon Musk, Twitter announced it was letting go nearly half of its 7,500-strong workforce. And Amazon recently announced plans to lay off around 10,000 employees. Other tech firms seeing recent layoffs include Stripe, Coinbase, Lyft and many more.
