Dark streak in tech. Google announced this Friday, January 20 the elimination of approximately 12,000 jobs worldwide. A measure that adds to the wave of layoffs and social plans that has affected the tech giants since last summer.
Citing economic uncertainty and changing customer priorities, Microsoft announced on January 18 that it would lay off about 10,000 employees by the end of March, just under 5% of its 221,000 employees. On January 5, Amazon announced the removal of“just over 18,000” jobs around the world, including in Europe. Before them, Meta, the parent company of Facebook, Instagram and WhatsApp, declared last November the loss of 11,000 jobs, or 13% of its workforce. The first social plan in the history of the group.
Twitter: Is Elon Musk (already) scaring away advertisers?
Barely acquired by Elon Musk, Twitter began mass layoffs in early November 2022 affecting around half of the social network’s 7,500 employees. To finance his takeover at 44 billion dollars, the tempestuous billionaire heavily indebted the company whose financial health was already fragile since it suffered a significant deficit in the first two quarters of the year.
This crisis in tech can be explained in particular by inflation and the rise in interest rates. However, it is difficult to compare it in terms of magnitude with the explosion of the internet bubble of the 2000s, underlines Math
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