Saturday, November 19, 2022

Politicians Pile Onto Twitter, But Everyone is Cutting Lots of Jobs in Tech

Within a matter of days in November 2022, Twitter fired half of its workforce (3750 people), Amazon and Meta both cut over 10,000 jobs in mass layoffs. Other firms in technology, applications did the same. Asana cut 97 jobs. Zendesk sliced 350. Salesforce laid off 950 people. Stripe got rid of 1100. 


One month before, F5 laid off 100 workers; Microsoft 1,000; Oracle 201; Intel 100. Cuts were made by tech firms in the months prior to October as well. 


Many companies also instituted hiring freezes.  Globally, an estimated 200,000 tech workers have lost their jobs already, and more should be expected, as firms brace for a business slowdown of significant magnitude. 


source: Trueup


The point is that big layoffs are happening everywhere, as business leaders prepare for a recessionary environment. Only Twitter seems to be generating politician calls for action, which illustrates the political nature of such views.  All the other layoffs--business adjustments leaders have taken because they expect harder times--are ignored. 


Only Twitter generates ire and calls to “do something.” And that shows, more than anything, the politically-motivated nature of the calls for action against Twitter.


1 comment:

Ava Jones said...
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