Tech companies have laid off more than 153,000 employees in the United States

The number of mass layoffs at major US tech companies has risen to 153,678.

Through Layoffs.fyi, (a website that has recorded mass layoffs sin Tech companies ce the start of the pandemic), it is possible to consult data on layoffs in Big Techs, such as:

Amazon.
Goal.
Twitter.
Cisco.
Shopify (among others).

Escalation of mass layoffs in Big Tech

The question on many people’s minds is: What are the reasons for these massive layoffs and what impact will they have on the US economy?

During the pandemic, many technology companies experienced an unprec qatar consumer mobile number list edented boost, thanks to the accelerated demand for their products or services.

 

The rise of tools that facilitate remote and collaborative work, new online entertainment free funnel to attract customers on autopilo  mechanisms and the boom in global e-commerce played a vital role in the growth of numerous technology companies.

But in less than three years the industry has suffered a brutally resounding decline, and it has undoubtedly worsened in recent months.

What has changed since 2019, until now, and why have so many layoffs occurred?

Mark Zuckerberg himself stated in November 2022 that at the beginning of Covid-19 they saw “huge revenue growth.”

Back then, many predicted that this acceleration in Big Tech would continue f bz lists or a long time, (even surpassing the end of the pandemic).

This caused many entrepreneurs and businessmen to make multi-million dollar investments, including all those related to new human talent hires.

This accelerated growth forced them to expand, but the predictions did not come true and the growing wave of layoffs has been one of its most devastating consequences.

Online commerce has returned to its regular trends and the macroeconomic recession that began to hit the region last year has taken its toll on many technology companies.

With these cuts, Big Techs are believed to be trying to oxygenate their finances, reduce costs and remain operational, even in the midst of the recession.

In this table you can see the number of layoffs that have been carried out in certain companies operating in the consumer, financial, educational or retail sectors:

 

Amazon leads a new wave of layoffs

Amazon is leading this new wave of mass layoffs in the United States. Just a few days ago, it announced that it will lay off more than 18,000 employees.