Here's a rundown of tech companies that have announced layoffs in 2022
Meta cut 11,000 jobs Wednesday in the biggest tech layoff of 2022. It's not alone.
www.cnbc.com
Amazon.com Inc. (Nasdaq: AMZN) is laying off thousands of employees as early as this week, according to a report in the New York Times.
Less than two weeks after the company told employees it was capping its corporate headcount, the New York Times cited people familiar with the matter who said that as many as 10,000 employees could be let go soon. The ultimate number is still to be determined because decisions will be made by division, across units such as devices, retail and human resources.
Amazon has not responded to a request for comment.
Ten thousand layoffs would be the most in the company's history, representing about 3% of its corporate and tech workforce. But it would still be less than 1% of its total headcount, which is over 1.54 million, according to the company's latest quarterly earnings report. Warehouse workers will reportedly not be affected.
It's not clear how many Seattle-area employees will be laid off, but the company's headquarters is by far its biggest hub of corporate and tech workers. Of Amazon's more than 85,000 employees in Washington state, over 65,000 are corporate and tech workers based in the company's Seattle, Bellevue and Redmond offices.
Amazon is among a number of large tech employers in the Puget Sound region going through waves of layoffs and hiring freezes. Last week, Facebook parent company Meta disclosed it was laying off 11,000 employees companywide. In a Worker Adjustment and Retraining Notification (WARN) Act filing Monday, Meta said it was laying off 307 employees in Bellevue and 419 in Seattle. It will still have over 8,000 employees in the area.
Twitter's presence in Seattle will also be reduced. After Tesla CEO Elon Musk bought the company last month, he quickly laid off half of the company. Half of the more than 400 Twitter employees based out of the Seattle area will be let go, according to a Nov. 7 WARN notice.
Less than two weeks after the company told employees it was capping its corporate headcount, the New York Times cited people familiar with the matter who said that as many as 10,000 employees could be let go soon. The ultimate number is still to be determined because decisions will be made by division, across units such as devices, retail and human resources.
Amazon has not responded to a request for comment.
Ten thousand layoffs would be the most in the company's history, representing about 3% of its corporate and tech workforce. But it would still be less than 1% of its total headcount, which is over 1.54 million, according to the company's latest quarterly earnings report. Warehouse workers will reportedly not be affected.
It's not clear how many Seattle-area employees will be laid off, but the company's headquarters is by far its biggest hub of corporate and tech workers. Of Amazon's more than 85,000 employees in Washington state, over 65,000 are corporate and tech workers based in the company's Seattle, Bellevue and Redmond offices.
Amazon is among a number of large tech employers in the Puget Sound region going through waves of layoffs and hiring freezes. Last week, Facebook parent company Meta disclosed it was laying off 11,000 employees companywide. In a Worker Adjustment and Retraining Notification (WARN) Act filing Monday, Meta said it was laying off 307 employees in Bellevue and 419 in Seattle. It will still have over 8,000 employees in the area.
Twitter's presence in Seattle will also be reduced. After Tesla CEO Elon Musk bought the company last month, he quickly laid off half of the company. Half of the more than 400 Twitter employees based out of the Seattle area will be let go, according to a Nov. 7 WARN notice.
Confusion and Frustration Reign as Elon Musk Cuts Half of Twitter’s Staff (Published 2022)
The layoffs hit across many divisions, including the engineering and machine learning units, the teams that manage content moderation, and the sales and advertising departments.
- Amazon - 10,000
- Meta - 11,000
- Twitter - 3,700
- Redfin - 13% of workforce
- Coinbase - 1,100
- Stripe - 1,100
- Shopify 1,000
- MSFT - 1000 <- we'll get back to this one
- Lyft - 700
- Netflix - 450
- Robinhood - 31%
- Chime - 160
- Tesla - 10%
MSFT's layoffs are actually remarkably low based on the size of their workforce, and thats no coincidence that they're the most mature and diverse business on that list.
I got an offer from AMZN this spring and passed because I honestly had no desire to work with anyone who interviewed me, and they said "data driven" like 15x thru the process, and I'm "Relationship driven"
. It was a fairly backloaded offer which leads me to believe they saw this coming...Any of you tech brehs have thoughts on this?
/cdn.vox-cdn.com/uploads/chorus_asset/file/24373580/1245214816.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HV5RW2BEZZK5JA33XB3HXTUZZQ.jpg)
