Leaner is better. That’s what Meta chief executive officer Mark Zuckerburg said when he announced in March that the company would be laying off 10,000 workers. That sentiment sums up the ongoing shift in the technology sector as several well-known companies, including Google, Amazon, Microsoft and Spotify, have let tens of thousands of workers go.
The eruption of tech layoffs in recent months has given people both inside and outside the industry cause for concern.
Amazon laid off 9,000 people in March alone. At the start of the year, Microsoft announced plans to cut 10,000 positions. Locally, companies including Zywave and Fiserv made undisclosed reductions in their workforces.