Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
Publishing timestamp: 2023-01-18 12:39:53
Summary
Tech companies have been forced to lay off thousands of employees due to uncertain economic conditions, inflation, and fears of a recession. Microsoft, Amazon, Alphabet, Crypto.com, Coinbase, Salesforce, Meta, Twitter, Lyft, Stripe, Shopify, Netflix, Snap, Robinhood, and Tesla have all announced layoffs in the past few months. These layoffs are expected to reduce headcounts by up to 20% in some cases.
Sentiment: NEGATIVE
Tickers: META, AMZN, TSLA, UPS, TWTR, CRM, NFLX, COIN, SNAP, SHOP, HOOD, FTT.CM=, MSFT, GOOGL,
Keywords: alphabet class a, amazon.com inc, tesla inc, meta platforms inc, snap inc, netflix inc, microsoft corp, twitter (delisted), jobs, marc benioff, satya nadella, business news, robinhood markets inc, coinbase global inc, united parcel service inc, shopify inc, technology, layoffs, elon musk,