Tech layoffs mount — but skilled workers are still hard to find
Some of the biggest tech companies in the world announced a wave of layoffs this week, eliminating tens of thousands of jobs as they reverse course after years of expanding.
Google’s parent company said on Friday it would cut 12,000 jobs. Microsoft and Amazon eliminated a combined 28,000 jobs on Wednesday. All told, tech companies have shed more than 200,000 jobs since the summer.
But “this was largely expected,” said Alex Zukin, the managing director at Wolfe Research.
“I think that many companies are right-sizing their staff.”
He says most of the big-name tech companies expanded dramatically through the pandemic.