Analysis from Layoffs.fyi has found that 153,160 members of staff at tech companies were laid off across 2022, the highest amount since the dotcom bubble burst
Facebook‘s parent company Meta (11,000) and e-commerce giant Amazon (10,000) topped the list for workers laid off in the past 12 months, amidst a widespread slowdown in hiring across big tech generally after years of expansion.
Both companies bet on a continued surge in e-commerce spending post-pandemic, with Meta founder Mark Zuckerberg later admitting: “I got this wrong and I take responsibility for that.”
Amazon CEO Andy Jassy, meanwhile, referred to the cuts made at his corporation in 2022 as his “most difficult” since taking the mantle in 2021.
The third and fourth highest amounts of layoffs were overseen by global travel agency Booking.com (4,375) and business IT conglomerate Cisco (4,100), while ridesharing app Uber and Twitter each made 3,700 members of staff redundant.
Hundreds of tech companies carried out staff cuts in the final months of the year, with Layoffs.fyi founder Roger Lee claiming that cutbacks have become more widespread.
Lee
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