Silicon Valley Slump: 1,600 Tech Workers Laid Off Per Day in 2023

across the organization, including those in its Reality Labs division, which manages metaverse initiatives.

After aggressive hiring and expansion by tech companies during the pandemic, a wave of layoffs began last year. This trend has continued into 2023 as earnings declined across the board amid worries about an impending recession.it was eliminating over 8,000 jobs. The media company Vimeo and the supply chain software provider Flexport are two other tech companies that have reduced headcount.

Not only the tech industry is laying off employees. As dealmaking slows, financial giant Goldman Sachs began terminating 3,000 employees globally last week. For the first time in four years, BlackRock, the biggest asset management company in the world, is also eliminating up to 500 positions. Marc Benioff, the CEO of Salesforce’s CEO, explained his company’s reasoning for the downsizing in a memo to staff, saying: “as our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”

I guess they will vote for o'biden in 2024, in his dreams... 😆😅🤣😂😂

Too many laptop boffins and too few tradesmen. The cycle had to turn.

Gee that should be in the news every day, yet I’ve seen it only on line…..

LuluQDouglas YOU KNOW they were all trolls and troll supervisors.

Plenty of other jobs out their in tech

Vocational schools are pretty cheap

The breaking down of the liberal hive mind.. It's going to be ugly.. all those liberals that have no idea how to actually work. Out on the street looking for Job ... should be interesting..

On average, 1,600 tech workers have been laid off every single day in 2023 according to a recent report. Where are they going...reporting to Biden to fight his battles?

The Recession is Real.

Sorry

Biden ;that’s a good thing no ? Yah yah

No worries, Joe has jobs for them! He's creating Jobs

😆😆😆.... And nobody even notices that they're gone. Do they all have to move back to India?

Is Zuckerberg now as bad as Elon?

That's just Twitter.

the Globalist multi-National Corporations throw workers under the bus at EVERY TURN ... since the 60's workers have been SCREWED over while the rich bankers and shareholders got rich from MOVING their GOOD JOBS overseas and laying them off at home

Not enough

Good...

Lay off all of them....they have NO credibility

😂😂😂

Cool, I need some people to tote sheetrock at jobsites.

LGB

They did their job to well and now the very programs that they made are the ones that are taking their jobs, and the fact that after twitter got rid of their dead wood they realise that they don’t need so many nerds taking up room in the relaxation areas lol 😂

Hold up let me find a box of tissues so I can cry for these Woke MFKRs

Now just need to get CEOs & top execs laid off/fired !!

Pending Recession?

Follow the money. We all know he's corrupt.

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