The tech industry is facing a wave of layoffs as major companies like Meta, Amazon, Google, and Microsoft announce significant job cuts.
This trend, driven by restructuring and performance optimization, has already affected thousands of employees. It is expected to continue throughout the year.
Tech Giants’ Layoff Plans: Meta, Google, Microsoft, Amazon
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced the layoff of over 3,000 employees, focusing on those with low performance ratings.
CEO Mark Zuckerberg stated that the company aims to “raise the bar on performance management” and expedite the removal of underperformers.
This move impacts about 5% of Meta’s workforce, which had 72,400 employees as of September.
Amazon has been laying off employees since 2022, and the trend continues.
The company recently announced another round of job cuts, this time in its communications and sustainability teams.
While the exact number of affected employees hasn’t been disclosed, an internal memo described it as a “small” reduction.
Amazon’s public relations head, Drew Herdener, mentioned that the company is cutting roles that create “unnecessary layers” and streamline operations.
Microsoft has also joined the wave of layoffs, primarily targeting employees who did not meet performance expectations.
The exact number of job cuts in the company’s security division remains unrevealed.
Microsoft’s India and South Asia head, Puneet Chandok, confirmed that no layoffs are happening in India, providing some relief to employees in the region.
Unlike other tech companies, Google is offering a voluntary exit program for its Platforms & Devices team, which handles products like Pixel, Android, Chrome, and Nest.
US-based employees on this team can choose to leave with a severance package.
This approach allows Google to reduce costs and restructure teams without outright firing people.
Industry-Wide Impact and Employee Reactions
The layoffs across these major tech companies reflect broader challenges in the industry, including the need to stay competitive and efficient.
According to layoff.fyi, over 71 tech companies have already cut around 7,000 jobs, with more expected throughout the year.
The trend shows that even top tech firms aren’t immune to economic pressures and the need for restructuring.
The layoffs have placed affected employees under immense stress and financial hardship.
Many employees, who resided across the country, struggled to manage their evening stay or arrange travel back home.
The uncertainty and fear of job loss have created a tense atmosphere in the tech industry.
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