Tech Job Cuts Accelerate to Near Pandemic-Era Levels

[Epoch-Times-Bot]

Tech Job Cuts Accelerate to Near Pandemic-Era Levels

Job cuts in the tech sector have accelerated close to levels last seen in the first months of the pandemic, as the industry prepares for a downturn in the months ahead.
Big tech companies like Meta, Google, Amazon, Twitter, and Apple have all announced a massive number of layoffs and hiring freezes, according to a story reported by Bloomberg.
A slowdown in consumer spending, falling stock values, rising inflation, and a strong dollar causing a decline in exports have forced Silicon Valley firms to reduce their expenditures in recent weeks to save on costs.
Once a leading force in the world economy, tech companies are now facing a tighter situation, after benefiting from a major boom over the past decade....

Source: Tech Job Cuts Accelerate to Near Pandemic-Era Levels

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