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Amazon, Meta, Netflix: Why Big Tech Is Facing Massive Layoffs | WSJ
- Published_at:2022-11-18
- Category:News & Politics
- Channel:Wall Street Journal
- tags: big tech layoffs tech layoffs tech tech industry netflix amazon facebook meta netflix layoffs amazon layoffs facebook layoffs meta layoffs mark zuckerberg zuck jeff bezos bezos faang tech sector tech layoffs 2022 lyft lyft layoff silicon valley tech company job cuts snap layoff snap twitter layoff twitter shopify shopify layoffs ceo revenue tiktok social media apple apple privacy apple ask not to track employment tech jobs job cuts 2022 news techy
- description: Tech companies saw exceptional growth in both revenue and employee headcounts through the pandemic. But now, they’re cutting thousands of jobs. WSJ explains the macro — and micro — reasons for the industry’s massive layoffs. Illustration: Adele Morgan More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM #BigTech #Amazon #WSJ
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2022-11-20 | 355,597 | 5,641 | 716 | (,#21) |