{"id":209939,"date":"2023-01-19T11:26:07","date_gmt":"2023-01-19T10:26:07","guid":{"rendered":"https:\/\/sftarticles.wpenginepowered.com\/en\/?p=209939"},"modified":"2025-07-01T20:09:05","modified_gmt":"2025-07-02T03:09:05","slug":"high-tech-company-layoffs-since-covid-19","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/high-tech-company-layoffs-since-covid-19\/","title":{"rendered":"Biggest Tech Layoffs Since COVID-19"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">We\u2019ve seen some <strong>massive layoffs over the last few years<\/strong>. I remember when I saw the first announcement of <a href=\"https:\/\/en.softonic.com\/articles\/meta-is-on-a-firing-spree\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook firing 11,000 staff<\/a> late last year, which was followed by <a href=\"https:\/\/en.softonic.com\/articles\/twitter-mass-exodus-spirals\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter employees leaving<\/a> as Elon arrived. Now, we\u2019ve seen <a href=\"https:\/\/en.softonic.com\/articles\/microsoft-is-reducing-its-workforce\" target=\"_blank\" rel=\"noreferrer noopener\">Microsoft reducing its workforce<\/a> by 10,000, making us wonder how many more are coming.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"388\" src=\"https:\/\/articles-img.sftcdn.net\/sft\/articles\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023.jpg\" alt=\"Layoffs are already high in 2023\" class=\"wp-image-209936\" srcset=\"https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023.jpg 690w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-300x169.jpg 300w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-664x374.jpg 664w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-238x134.jpg 238w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-436x246.jpg 436w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-370x208.jpg 370w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-304x170.jpg 304w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-18x10.jpg 18w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-150x84.jpg 150w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">According to a <a href=\"https:\/\/news.crunchbase.com\/startups\/tech-layoffs-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">report by Crunchbase<\/a>, 2022 saw a total of 107,000 <strong>people losing jobs<\/strong> in big tech companies. We\u2019re hardly in 2023, and it looks like we\u2019ve already got 21,000 layoffs in the United States alone. What is causing so many job losses, though, since we\u2019re supposed to be moving away from the pandemic financial crisis we had?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The experts seem to believe that it\u2019s due to the <strong>combination of several factors<\/strong>. The rising cost of inflation is always the usual suspect, but there\u2019s more at play here. Besides the unpredictable stock market, it also has to do with how careless these companies have been with overhiring. They believed the markets were going to soar again, so they hired as many tech and support staff as possible.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Microsoft executives react  after <a href=\"https:\/\/twitter.com\/hashtag\/layoffs?src=hash&amp;ref_src=twsrc%5Etfw\">#layoffs<\/a>   are announced  <a href=\"https:\/\/twitter.com\/hashtag\/BBB23?src=hash&amp;ref_src=twsrc%5Etfw\">#BBB23<\/a>   .  <a href=\"https:\/\/twitter.com\/hashtag\/EytKomisyona?src=hash&amp;ref_src=twsrc%5Etfw\">#EytKomisyona<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Fet%C3%B6n%C3%BCn%C3%96zel%C3%96zg%C3%BCr%C3%BC?src=hash&amp;ref_src=twsrc%5Etfw\">#Fet\u00f6n\u00fcn\u00d6zel\u00d6zg\u00fcr\u00fc<\/a> <a href=\"https:\/\/t.co\/qhOrA1JXDU\">pic.twitter.com\/qhOrA1JXDU<\/a><\/p>&mdash; AVNI (@Avni19Avni) <a href=\"https:\/\/twitter.com\/Avni19Avni\/status\/1616005377941975042?ref_src=twsrc%5Etfw\">January 19, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Sadly for them and the employees, they were wrong. Without the <strong>funding needed<\/strong> to continue the operations, these tech companies had to let them go.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/articles-img.sftcdn.net\/sft\/articles\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-02.jpg\" alt=\"Layoffs are already high in 2023\" class=\"wp-image-209937\" width=\"276\" height=\"276\" srcset=\"https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-02.jpg 500w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-02-300x300.jpg 300w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-02-150x150.jpg 150w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-02-12x12.jpg 12w, https:\/\/articles-img.sftcdn.net\/auto-mapping-folder\/sites\/3\/2023\/01\/Layoffs-are-already-high-in-2023-02-96x96.jpg 96w\" sizes=\"auto, (max-width: 276px) 100vw, 276px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The Crunchbase report shows some <strong>alarming numbers<\/strong> for big companies. Amazon is among them, with a staggering number of 18,000 employees gone earlier this month. Coinbase is also listed, with 2,110 people losing their jobs in 2023. Even Twitter lost another 3,740 personnel on 5 Jan.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is a quick overview of the top tech companies and the recent layoffs since COVID-19:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Amazon: 18,000<\/li><li>Microsoft: 11,000<\/li><li>Meta: 11,000<\/li><li>Salesfore: 8,000<\/li><li>Booking.com: 4,375<\/li><li>Cisco: 4,100<\/li><li>Twitter: 3,700<\/li><li>Uber: 3,700<\/li><li>Better.com: 3,000<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s staggering to see such big names <strong>losing so many employees<\/strong>. It makes me wonder how the smaller businesses are faring in such difficult times, and it also puts some perspective on life. If you\u2019re upset that your potatoes didn\u2019t grow properly or stumped your toe, just remember that someone out there just lost a job in a prominent company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve seen some massive layoffs over the last few years. I remember when I saw the first announcement of Facebook firing 11,000 staff late last year, which was followed by Twitter employees leaving as Elon arrived. Now, we\u2019ve seen Microsoft reducing its workforce by 10,000, making us wonder how many more are coming.&nbsp; According to &hellip; <a href=\"https:\/\/cms-articles.softonic.io\/en\/high-tech-company-layoffs-since-covid-19\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Biggest Tech Layoffs Since COVID-19&#8221;<\/span><\/a><\/p>\n","protected":false},"author":9205,"featured_media":209938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[1072],"usertag":[],"vertical":[],"content-category":[],"class_list":["post-209939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-microsoft"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/209939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/users\/9205"}],"replies":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/comments?post=209939"}],"version-history":[{"count":1,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/209939\/revisions"}],"predecessor-version":[{"id":322539,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/209939\/revisions\/322539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media\/209938"}],"wp:attachment":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media?parent=209939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/categories?post=209939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/tags?post=209939"},{"taxonomy":"usertag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/usertag?post=209939"},{"taxonomy":"vertical","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/vertical?post=209939"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/content-category?post=209939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}