At least 1,000 tech companies laid off at least 154,000 employees last year, while redundancies have continued in 2023, with more than 49,000 layoffs recorded this year.
Tech giant Amazon has started to axe over 18,000 jobs, the largest number in its 28-year history, as the company looks to adapt to the gloomy economic outlook.
Andy Jassy, CEO of Amazon, confirmed the cuts to workers in its human resources and stores. Many job cuts include workers on Amazon Alexa devices, the voice assistant launched in 2014.
Jassy told employees earlier this month: “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so.”
In addition, Alphabet will cull 12,000 jobs, while Meta will lose 11,000. Microsoft will cut 10,000 jobs, and Salesforce will lose 8,000 as the technology industry responds to slowing demand.