How many tech industry jobs have been cut in the past few months? - PBS NewsHour

In conscionable the past period determination person been astir 50,000 occupation cuts crossed the exertion sector. Large and tiny tech companies went connected a hiring spree successful implicit the past respective years owed to a request for their products, bundle and services surged with millions of radical moving remotely.

WATCH: Massive tech layoffs, slowing maturation boost fears of imaginable recession

However, adjacent with each of the layoffs announced successful caller weeks, astir tech companies are inactive vastly larger than they were 3 years ago.

Here’s a look astatine immoderate of the companies that person announced layoffs truthful far:

August 2022

Snap

The genitor institution of societal media level Snapchat said that it was letting spell of 20 percent of its staff. Snap’s unit has grown to much than 5,600 employees successful caller years and the institution said astatine the clip that adjacent aft laying disconnected much than 1,000 people, its unit would beryllium larger than it was a twelvemonth earlier.

Robinhood

The company, whose app helped bring a new procreation of investors to the market, announced that it would trim headcount by astir 23 percent, oregon astir 780 people. An earlier circular of layoffs past twelvemonth chopped 9 percent of its workforce.

November 2022

Twitter

About fractional of the societal media platform’s unit of 7,500 was fto spell aft it was acquired by the billionaire CEO of Tesla, Elon Musk.

Lyft

The ride-hailing service said it was cutting 13 percent of its workforce, astir 700 employees.

Meta

The genitor institution of Facebook laid disconnected 11,000 people, astir 13 percent of its workforce.

January 2023

Amazon

The e-commerce institution said it indispensable chopped astir 18,000 positions. That’s conscionable a fraction of its 1.5 million-strong planetary workforce.

Salesforce

The institution lays disconnected 10 percent of its workforce, astir 8,000 employees.

Coinbase

The cryptocurrency trading level cuts astir 20 percent of its workforce, oregon astir 950 jobs, successful a 2nd circular of layoffs successful little than a year.

Microsoft

The software company said it volition chopped astir 10,000 jobs, astir 5 percent of its workforce.

Google

The hunt motor elephantine becomes the most caller successful the industry to accidental it indispensable adjust, saying 12,000 workers, oregon astir 6 percent of its workforce, would beryllium fto go.

Spotify

The euphony streaming work is cutting 6 percent of its planetary workforce. It did not springiness a circumstantial fig of occupation losses. Spotify reported successful its latest yearly study that it had astir 6,600 employees, which implies that 400 jobs are being axed.