Tech workers’ major concern over wave of layoffs

Tech workers' major concern over wave of layoffs
In a macroeconomic environment marked by geopolitical instability and a sharp tightening of monetary policies to fight inflation, it’s time for tech companies to cut costs. 336149717/Feodora – stock.adobe.com

Decryption – After two years of growth due to the pandemic, it’s time for digital companies to cut costs.

In the hallway Meta (Facebook’s parent company), employees are shaking. Silicon Valley stars who have lived the golden life for years are now dreading waking up one morning to a layoff email in their inbox. Since the release of disappointing results at the end of July, their boss Mark Zuckerberg has made no secret of his intentions: faced with an imminent recession and a slowdown in demand for his services since the “return to normal life”. Underperformers may be fired sooner. After years of ridiculous growth, tech giants like Meta are now rethinking their priorities.

In a macroeconomic environment marked by geopolitical instability and a sudden tightening of monetary policies to combat inflammation, it’s time for tech companies to cut costs. The frenetic hiring pace over the last two years…

This article is for subscribers only. 84% is left for you to discover.

Cultivating your independence means cultivating your curiosity.

Continue reading your article for €0.99 for the first month

Already subscribed?
to login

See also  SpaceX: Here are the most beautiful photos of the successful launch of Crew-4

You May Also Like

About the Author: Seth Sale

"Passionate creator. Wannabe travel expert. Reader. Entrepreneur. Zombie aficionado. General thinker."

Leave a Reply

Your email address will not be published.