The cuts focused on the company’s corporate staff exceed an earlier projection and represent about 5% of the company’s corporate workforce. Read More...
The Wall Street Journal
Tech Layoffs Are Happening Faster Than at Any Time During the Pandemic
Technology-driven companies across industries have been laying off workers at the fastest pace since the Covid-19 pandemic shocked the global economy in 2020, according to one data tracker. Collectively, employers in the slumping tech sector cut more than 150,000 jobs in 2022, based on estimates from Layoffs.fyi, a website that tracks the events as they surface in media reports and company releases. The tally was created by San Francisco internet entrepreneur Roger Lee, who launched the tracker after the pandemic struck “as a side project to create awareness around all of these tech layoffs, in the hopes of helping laid-off employees find a home.”
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