Meta, Amazon, Uber, Twitter… Tech laid off 120,000 employees in 2022
We are witnessing a real bloodletting. Since the start of the year, 828 tech companies have laid off more than 120,000 people, according to the Layoffs.fyi site, which aggregates data from the American press. Its counter has been packed with the new wave of social plans announced in recent days at Meta, Amazon and Twitter.
After hiring a lot during the pandemic – a flourishing period when their products and services had become essential to their confined customers – the big technology companies are disillusioned. In addition to the post-Covid economic fallout, they are suffering from the slowdown in the advertising market, often at the heart of their business model. And at the end of the chain, it is the employees who are affected.
Meta (Facebook): elimination of 11,000 jobs
Mark Zuckerberg, the founding CEO of Facebook's parent company, announced on November 9 that he was going to lay off 11,000 employees worldwide, or around 13% of his payroll. Eighteen years after its creation, this is the first time that the group styling Facebook, Messenger, WhatsApp and Instagram - 3 billion users in total - has launched such a social plan.
Twitter: half of the 7,500 employees thanked
After six months of a very hectic acquisition (which cost him $44 billion), Elon Musk finally took control of Twitter earlier this month. Barely within the walls, the boss of SpaceX and Tesla bluntly pushed out "about half" of Twitter employees, or about 3,700 people. Some teams have been almost entirely sacked: this is the case for communication, marketing and two teams responsible for respecting human rights and diversity on the platform.
The measure confirms the change in corporate culture that Elon Musk seeks to stimulate. This advocates in particular a vision of freedom of expression, requiring the relaxation of the moderation rules for the content of the platform, as well as a new approach to management, which has caused a cascade of additional departures. The new boss is also looking to save money: to finance the takeover of the social network – in already fragile health – the billionaire entrepreneur has heavily indebted the company, to the tune of 13 billion dollars.
Amazon: 10,000 layoffs planned
After several days of rumors about a social plan, Amazon has just confirmed that it intends to cut its workforce to deal with the economic crisis. According to several American newspapers, the platform and its various branches will lay off around 10,000 employees. This would represent just under 1% of the current payroll of the group, which had 1.54 million employees worldwide at the end of September.