USA Today Episodes Around February 7, 2023
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1:37Now PlayingMeta, Amazon, Twitter and more tech companies face mass layoffs | USA TODAY
Feb 7, 2023·4.4K views
February 7, 2023
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1:37Now PlayingUSA Today's reporter Elisabeth Buchwald breaks down what is happening with all of the mass layoffs in the tech industry.
RELATEDHow this small guitar company has survived COVID19 without layoffs
Tech jobs feel like they're vanishing quicker than steam from a pot of boiling water lately.
Google's parent company Alphabet recently laid off 12,000 workers, equivalent to 12% of its workforce. Meta cut an even bigger share of its staff. Even IBM, which has been in business for 111 years, is cutting thousands of jobs.
Since the start of the year, 297 tech companies laid off nearly 95,000 workers, according to data compiled by Layoffs.fyi, a website that's been tracking tech layoffs since March 2020. If that rate continues, the industry could cut more than 900,000 jobs in 2023. That's nearly six times the total for the industry in 2022, according to the site.
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