Both 2022 and the first half of 2023 have seen several layoffs and job cuts in the tech industry. While layoffs and job cuts in any industry are not unexpected (especially with global inflation and a looming recession), what makes these tech layoffs so shocking is the fact that they have happened not just to smaller tech startups or tech businesses, but also to the biggest tech companies in the world. Big Tech Layoffs of 2022-2023 Google / Alphabet Inc. Just this January 20, Google's parent company, Alphabet Inc., announced that it was cutting around 12,000 jobs or more than 6% of its global workforce. According to Google and Alphabet CEO Sundar Pichai, the company had previously hired to “match and fuel” the “dramatic growth” it had experienced over the past two years (or during the onset of the COVID-19 pandemic). Yahoo The layoffs also didn't spare multinational tech company Yahoo, as they also decided to let go of around 1,700 employees (which amounts to 20% of its current workforce) early this year. He, however, admitted that he "was too ambitious in investing ahead of [Spotify's] revenue growth," pinpointing it as the main reason for the layoffs. Pinterest Image-sharing social media platform Pinterest also announced layoffs of around 150 people this February (less than 5% of its workforce). Read more in our articles including "Big Tech Layoffs of 2022-2023" and "The day Google broke the Web".
Both 2022 and the first half of 2023 have seen several layoffs and job cuts in the tech industry. While layoffs and job cuts in any industry are not unexpected (especially with global inflation and a looming recession), what makes these tech layoffs so shocking is the fact that they have happened not just to smaller tech startups or tech businesses, but also to the biggest tech companies in the world.
Big Tech Layoffs of 2022-2023 Google / Alphabet Inc. Just this January 20, Google's parent company, Alphabet Inc., announced that it was cutting around 12,000 jobs or more than 6% of its global workforce. According to Google and Alphabet CEO Sundar Pichai, the company had previously hired to “match and fuel” the “dramatic growth” it had experienced over the past two years (or during the onset of the COVID-19 pandemic).
Our coverage of Google layoffs includes: "Big Tech Layoffs of 2022-2023"; "The day Google broke the Web"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.