Microsoft Google Amazon Spotify These giants of technology who lay off with a vengeance

The big names in technology. multinational tech companies are being forced to lay off employees in increasing numbers.

The giants are bearing the brunt of the economic doom, including Alphabet, the parent company of Google, Twitter, Amazon, Meta, the parent company of Facebook, and even Spotify, which on January 23 announced the elimination of hundreds of jobs. Tens of thousands of employees are left jobless as a result of this wave of social plans.

It follows a significant wave of hiring in the technology sector during the Covid-19 pandemic, when businesses attempted to meet the surge in demand associated with the development of teleworking and home entertainment. Nevertheless, the most recent report from the specialized platform ZipRecruiter, relayed by the Wall Street Journal (in English) at the end of December, indicates that 79 percent of workers recently hired in the sector took less than three months to find a job, and 40 percent of them took less than a month.

Approximately 12,000 jobs will be cut by Alphabet, the parent company of Google, according to a January 20 announcement. This represents just over 6% of Alphabet's total workforce of about 187,000 people. Sundar Pichai, CEO of Alphabet, wrote in an email to the company's staff, "Over the past two years, we have experienced periods of spectacular growth.".

We hired in a different economic context from the one we are familiar with today in order to support and fuel this growth, he continued. The company is being forced to reduce its workforce due to the economic climate.

In other countries, the process will take longer depending on local labor law if the American employees in question have already been notified. Out of 1 point 54 million employees, there are "just over 18,000" jobs worldwide, including in Europe.

The stores that the group manages and human resources must be the two main topics of the redundancy plan. "The evaluation of our yearly planning (.

(has been more challenging this year due to the economic unpredictability and the fact that we have hired significantly over the past few years)," the general manager wrote in a message to employees. from Andy Jassy at Amazon.

"I want to accept accountability for those choices and how we arrived at this point. Zuckerberg sent a message to the company's staff saying, "I know this is difficult for everyone, and I'm especially sorry for those affected.

A disappointing financial performance was reported for the third quarter of 2022 by the company, which had approximately 87,000 employees worldwide as of the end of September. Additionally, it declared a hiring moratorium through the end of March 2023.

"Meta faces harsh post-pandemic reality () It believed e-commerce growth would continue in the long run (), so she hired and started new projects in the hope that ad revenue would remain high," writes Debra Aho Williamson of Insider Intelligence. Microsoft added: "10,000 Layoffs" On January 18, US computer giant Microsoft announced that it would let go roughly 10,000 workers by the end of March, or slightly less than 5% of its 221,000 employees.

In a letter to the staff, Satya Nadella, the CEO of Microsoft, emphasized, "These are the kinds of difficult decisions we've had to make over the course of our 47-year history to remain a significant company in an industry that doesn't forgive those who don't adapt to platform changes. The decision was made, and the leader used the state of the economy and the shifting priorities of his clients to support it.

He noted that even though the latter "accelerated their IT expenses during the pandemic," they are currently looking to optimize them in order to "do more with less.". He also brought up the effects of inflation on economic growth during the Davos World Economic Forum.

3,200 people work for Twitter Elon Musk announced his takeover of the social media platform on October 27. He announces that "the bird is free.".

When it was revealed that approximately 50% of the company's employees would be let go on November 4, the atmosphere was less joyful. When the business is losing more than $4 million every day, he said, "Unfortunately, there is no other option.".

At the end of October, the california-based business employed just under 7,500 people. In addition to the thousands of users who left the platform in protest of the billionaire's takeover, there have also been these layoffs.

One of the most potent communication systems in the world is being destroyed in front of our very eyes. Nicole Gill, co-founder of the non-profit organization Accountable Tech, argued that Elon Musk is an erratic and inconsistent billionaire who poses a threat to this platform because he is unqualified to lead it.

Evan Spiegel, the CEO of Snap, the company that owns the well-known messaging app Snapchat, announced in August a restructuring that would result in the loss of more than 1,200 employees, or about 20% of the workforce. According to a count from October, the company had 363 million daily users, but is still having trouble because of its declining revenue.

As a result, Snapchat lost 488 million dollars in 2021, according to Le Monde, despite a 64 percent increase in its revenue to 4 billion dollars (4 billion euros). The platform underperformed in the final quarter of 2022, posting net losses of $360 million that quadrupled year over year and revenue of $1 point 1 billion, which was higher but still slightly below market expectations.

Six percent of Spotify's workforce, or roughly 600 jobs, have been lost, according to the company, which operates the top audio platform in the world. This layoff plan represents the largest in the brief history of this Swedish start-up, which has a billion users and was founded in Stockholm in 2006.

Daniel Ek, his 39-year-old boss, acknowledged in a letter to staff members that was also published online.

In a letter to the staff, Satya Nadella, the CEO of Microsoft, emphasized, "These are the kinds of difficult decisions we've had to make over the course of our 47-year history to remain a significant company in an industry that doesn't forgive those who don't adapt to platform changes.