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Graphic showing tech company layoffs this year
Posted on 12/9/22 at 5:36 am
Posted on 12/9/22 at 5:36 am
quote:
Layoffs are having an impact on the entire tech industry, and the phenomenon is global. Here are some of the most high-profile examples of mass layoffs in 2022:
Meta: The social media giant faces competition from upstarts like TikTok, as well as a pool of ad dollars that is shrinking in the face of a faltering economy. Although this reduction in headcount is painful for Meta, it’s worth considering a more broad perspective. In close to two decades of doing business, these will be the company’s first wide-scale job cuts.
Twitter: Though Meta wins with sheer volume of cuts, Twitter’s mass layoffs are surely the most dramatic. In early November, the company’s iconoclastic new owner, Elon Musk, slashed 50% of the workforce, and soon after, thousands of contractors also suddenly lost their jobs. Estimating how many employees remain at the company will remain a challenge until the dust settles.
Byju’s: Layoffs are not just confined to the United States. India’s sizable tech sector is also facing cuts. EdTech giant, Byju’s, laid off 2,500 employees in October—around 5% of its total workforce.
Peloton: The high-end workout equipment company has been dropping its headcount throughout the year. In the visualization above, companies like Meta stand out as they eliminated thousands of employees all at once. Peloton, however, executed its layoffs in stages throughout the year. After strong growth during the pandemic began to stagnate, the company is slimming down to regain profitability.
Visual Capitalist article and infographic
Raw Data
Posted on 12/9/22 at 6:56 am to Stexas
Develop a diversified skill set.
Diversity is our strength.
Diversity is our strength.
Posted on 12/9/22 at 7:00 am to Oilfieldbiology
Good. These people all voted Dem.
Posted on 12/9/22 at 7:05 am to SloaneRanger
It is affecting my industry as well. We are tech, but more Zoom, Ring central, data center stuff.
Tons of layoffs, frankly most of the customer facing folks I know vote red.
It’s as bad as I’ve seen it, ever
Tons of layoffs, frankly most of the customer facing folks I know vote red.
It’s as bad as I’ve seen it, ever
Posted on 12/9/22 at 7:08 am to Oilfieldbiology
What isn’t shown like in the case of Twitter, all those employees did nothing and were paid for it.
When Elon was sitting there asking them on video tell me what you do exactly and they couldn’t even give a BS answer, he fired them.
Laying off people that just occupy space is perfectly fine
When Elon was sitting there asking them on video tell me what you do exactly and they couldn’t even give a BS answer, he fired them.
Laying off people that just occupy space is perfectly fine
Posted on 12/9/22 at 7:22 am to Oilfieldbiology
Why the hell did Pelaton have 2,800 employees to lay off?
Posted on 12/9/22 at 7:25 am to Oilfieldbiology
A lot of these companies over hired and are now seeing that they do not need that amount of personnel to move forward. Just like the Twitter layoffs where there were chunks of personnel that did absolutely nothing so Elon kicked them to the curb.
Posted on 12/9/22 at 7:26 am to upstate
quote:
It is affecting my industry as well.
We seem to be hiring, but one of my gigs is being on the tech side of a non-tech company. That is the key.
A efficiently ran IT environment should not be that large and that is the problem with these large "tech only" companies. Everyone is so siloed to do one specific role, language or software. The truly intelligent IT folks are technologists and know several parts of the stack and languages. Those are the ones not being let go.
Posted on 12/9/22 at 7:27 am to Oilfieldbiology
All the coverage and outrage in the media over Elon laying off 8100 people yet Meta and Amazon each laid off significantly more people
Posted on 12/9/22 at 7:39 am to Oilfieldbiology
Posted on 12/9/22 at 8:42 am to SPEEDY
quote:
Meta and Amazon each laid off significantly more people ?
If there was some way, any way, to blame Elon, they would.
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