Toluwanimi Adejumo’s Post

The Massive Layoffs in the #tech industry This year has seen a lot of mass downturn in the #informationtechnology sector, one could not imagine that Big tech Companies could be laying off their employees this month, it was surprising that Tech companies are disengaging their staff. The World #economy is having inflation rise, there's difficuities across the tech sector as the industry contends with slowing global economic growth . Platforms such as Facebook and Alphabet's Google are suffering from advertisers budget cuts as they struggle with inflation and rising interest rates. Silicon valley firms stripe and Lyft announced large scale lay offs, while Amazon said it would freeze hiring in it's corporate offices . List of Tech Companies that has Layoffs this year 1 Twitter - Lay off 75% of employees 2 Meta - Lay off 13% of employees 3 Snapchat - Lay off 20% of employees 4 Intel - Laying off 20% of employees 5 Microsoft - Lay offs have begin While Companies like Apple and Amazon has paused hiring,a lot of downsizing going on in the #techindustry industry.

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