#tech layoffs

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. It's safe to say that "Big Tech" isn't at all safe from the trying times that the past two years have brought forth. Let's take a look at a list of the tech companies that have had to make some hard decisions in the past year. Big Tech Layoffs of 2022-2023 Google / Alphabet Inc. However, Pichai said that they had hired for “a different economic reality than the one we face today,” alluding to the slow (and declining) state of both the global economy and the tech industry as a whole, post-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. The job cuts within Yahoo were allegedly due to their business ad tech unit underperforming in terms of profit and expectations. Read more in our articles including "HP to reduce human workforce while shifting to AI-driven operations" and "Big Tech Layoffs of 2022-2023".