Global retail and cloud giant Amazon is likely to layoff 10000 employees this week according to NYT. Meta recently laid off 11000 employees and Twitter fired almost 50% of its team.
Almost all of the tech companies who are laying off employees did massive hiring after the COVID-19 pandemic to cater to the record growth. The companies will also observe hiring freeze till Jan-Feb 2023. Let us know your thoughts on the recent layoffs in the industry.
Administrator • 1yr
Update:
According to several publications, Amazon is looking to fire employees from its unprofitable unites. Amazon Robotics, for example, seems to be severely affected by these layoffs. "My 1.5yrs tenure at Amazon Robotics AI came to an end in a surprising layoff (our entire robotics team was gone!)" wrote Jamie Zhang, software engineer with Amazon Robotics AI.
It's widely believed that these layoffs will continue to happen through December. Majority of the companies have announced hiring freeze.
Will this bloodbath continue in the next year as well? Express below.
