The seemingly unstoppable tech cull continues as Amazon axes another 9,000 jobs – having already laid off 18,000 staff in January.
Amazon is to make another 9,000 workers redundant on top of the 18,000 staff it laid off two months ago – taking the number of tech sector job losses in the past 12 months to more than 400,000, according to the TrueUp tech lay-off tracker.
The news comes just days after Facebook owner Meta axed a further 10,000 jobs on top of the 11,000 it let go last October.
Tech companies are cutting costs due to having expanded too rapidly during the pandemic when lockdowns fueled a stay-at-home economy of online shopping and a need for new computers and tablets to work from home.
Microsoft, Google, and Twitter have also made sizeable staff reductions in recent months to slim down teams and save money.
Republished with permission from TIPP Insights