For the technology sector, 2022 has been the year of layoffs. From Amazon to Zillow, many of the tech titans have been trimming the fat and reducing their workforce numbers in response to growing recession fears, bad investment decisions, and lower revenues. Will 2023 be more of the same?
Amazon
Amazon, the nation’s second-largest private employer, confirmed that it is cutting approximately 10,000 jobs worldwide, representing about 3 percent of its workforce. The layoffs will impact its artificial intelligence, human resources, retail, and services units.
Dave Limp, the senior vice president of devices and services, stated in an announcement that the $1 trillion online retail juggernaut is grappling with an “unusual and uncertain macroeconomic environment.”…