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> Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
Here are some of the major cuts in the tech industry so far. All numbers are approximations based on filings, public statements and media reports.
Many of the listed companies have experienced – and are experiencing – insane growth and financial success.
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So what say ye for the next Christmas purchasing season?
Layoffs are hard, and none of us (except who own their business) are guaranteed we will have a job tomorrow. (Those of you in the EU, might, but then it is just a longer process).
That being said, there are different levels to these events.
I think Twitter was the worst, with terrible ultimatums, and dismissing more than half their workforce. And then trying to weasel out of promised severance payments. (all these according to public rumors, of course I don’t have insider information)
IBM close second. Moving the jobs to India (relocate to a new country, or lose your job).
Microsoft is somewhere above average. I think they promised good severance, six months of health insurance, and more importantly stock vesting.
And of course, the best would be just transferring everyone to other teams inside the company. Yet, it is getting rarer every day.
Anyway, the underlying reasons is that US is actively trying to increase unemployment to fix the economy:
Yes, this does not sound good at all. Apparently we were too productive, and received too high of wages, and that companies had to compete for talent.
Unfortunately, this means none of our jobs are actually secure.