Tech Layoffs: Apple has been out of this list amidst the ongoing layoffs among tech companies. Apple, the maker of the iPhone, has refrained from increasing its workforce in recent years. As a result of which he did not have to reduce the number of employees.
Tech Layoffs: Big tech companies around the world are always in the news. She is usually in the news regarding the launch of new products. However, recently, instead of any new gadget or innovation in the tech news industry, news of huge layoffs in big tech companies has remained in the headlines. Last year, more than 70,000 people were laid off by Big Tech companies globally. In this, those companies and other organizations are not included, who are closing their business and firing employees due to lack of budget. After all, what was the reason for this movement on such a large scale? And what does this mean for you as well as the industry. And it is important to know what is the harm from it.
Large tech companies including Alphabet (12,000), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000) have laid off a large number of employees since the end of the COVID pandemic Has gone. Other household names including Tesla, Netflix, Robin Hood, Snap, Coinbase and Spotify also figure in the list. But the retrenchment of employees by them is much less than the number mentioned above.
These figures do not include layoffs due to reduced business, such as ad agencies laying off staff as advertising spending falls, or manufacturers downsizing due to fewer tech product orders. Also, don’t forget about those who quit voluntarily, who don’t want to come to the office, hate their manager, or aren’t happy with the way they work.
The direct impact of all these things is being felt in the consultancy, distribution, advertising and manufacturing sectors. Through this step, companies will reduce their expenses and will work to bring innovation in AI.
What is the reason for layoff?
Due to reduction in advertisement cost and revenue, additional burden increases on the companies. Many companies earn big money through advertisement. That’s why as long as the way to get funds is open to her, she spends money freely on her employees. Which was being seen especially before the Corona epidemic. But there was a huge decrease in advertising revenue last year. The reason for which was partly due to the fears of a global recession arising out of the Corona epidemic. In view of the fears of global recession, companies laid off a large number of employees.
However, Apple has remained out of this list amid the ongoing layoffs among tech companies. Apple, the maker of the iPhone, has refrained from increasing its workforce in recent years. As a result of which he did not have to reduce the number of employees. Even Twitter is trying to change its sources of revenue contrary to the forecast so far. This means that some projects, such as Mark Zuckerberg’s Metaverse, will not develop at the pace that business giants had initially hoped.