Summary
In November 2022, massive tech industry layoffs resulted in many thousands of workers abruptly being without employment. This document provides news reports in chronological order with sources and dates as the entry headings. The Twitter News 2022 page has further details about layoffs in the company.
Al Jazeera (26 Dec 2022)
“Tech industry in 2022: From boom to bust” — The year 2022 saw the technology industry, flying high on pandemic-era profits, come crashing to earth. [Source]
Fortune (7 Dec 2022)
“‘If you’re in tech, buckle up—it’s gonna be a tough ride’: The analyst who says Big Tech’s layoffs show ‘a new reality’ sees ‘more cuts’ ahead” — Fortune, by Alena Totoro’s, 7 Dec 2022 at 2:37 PM CST. [Source]
- Excerpt: Silicon Valley’s wave of layoffs and hiring freezes amid a faltering economy reflect Big Tech “acknowledging a new reality,” investment bank Jefferies said in a Wednesday research note.
CBC News (18 Nov 2022)
“Twitter closes offices until Monday as more employees quit” — Hundreds of Twitter employees are estimated to have decided to quit following Elon Musk’s ultimatum that they sign up for “long hours at high intensity,” or leave. [Source]
Project Optimize (18 Nov 2022)
“I got laid off at Microsoft. What I regret” I got laid off at Microsoft — This video is my best explanation of what a big tech / FAANG layoff is like, and what I wish I had done differently. [Source]
TODAY (18 Nov 2022)
“Twitter Offices Temporarily Shut Down Amid Wave Of Resignations” — A new wave of resignations hit Twitter Thursday after Elon Musk asked his employees to commit to an “extremely hardcore” work environment or leave. The future of the social media giant now hangs in the balance after a mass employee exodus. NBC’s Stephanie Gosk reports for TODAY. [Source]
Wall Street Journal (18 Nov 2022)
“Amazon, Meta, Netflix: Why Big Tech Is Facing Massive Layoffs” — 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. [Source]