As Microsoft, Amazon, Google, and other tech giants have announced major cuts in January. Over 55,000 tech workers are being let go across 154 companies, more than the first 6 months of 2022. What corner of tech will tech pros find solace in?
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Big Tech layoffs: Inside the tech industry’s month from hell
A wave of layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down into 2023. The lion's share of those layoffs are among Big Tech names like Amazon, Google, and Microsoft, which had the biggest employee bases from which to cut jobs. These tech workers who left the startup world seeking stability among Big Tech may be wondering what corner of tech is a safe haven right about now.
Sundar Pichai, CEO of Google parent company Alphabet, informed staffers on January 20 that the company would lay off 12,000 employees, or 6% of its global workforce. Many of the laid-off employees found out they had been affected by the job cuts via email or when their badges didn't let them into the office.
MICROSOFT
Microsoft announced plans on Wednesday to reduce its headcount by 10,000 positions. CEO Satya Nadella told employees the company was "living through times of significant change."
BRUTAL-JOB-CUTS JANUARY
Barely a month into the new year, tens of thousands of Big Tech employees are staring down the barrel of unemployment. The downsizing followed significant reductions at companies including Twitter and Meta late last year, and has expanded beyond tech and into finance companies.
WHAT TO DO IF YOU’VE BEEN LAID OFF
