Got laid off from my full time job yesterday. I'm not making nearly enough from day trading to cover my living expenses. Going to have quit trading for the foreseeable future.
Here we go again...
#Meta is reportedly planning another round of mass #layoffs affecting at least 4,000 highly skilled employees.
Mark Zuckerberg fired about 13% of the global workforce & extended the hiring freeze through Q1 2023.
#Meta has started its latest round of layoffs, focusing on technical employees
Part of 2nd round of 10000 #Job cuts
Total 21K #layoffs
Surprising job cuts in technical divisions including coveted #SoftwareEngineer#Programmers
$meta ⬆️80%+ in 2023
https://t.co/R7p9CaTMHu
Largest Layoffs of 2023, So far:
1. Amazon: 27,000 employees
2. Google: 12,000 employees
3. Meta: 10,000 employees
4. Microsoft: 10,000 employees
5. Goldman Sachs: 3,200 employees
6. Coinbase: 25% of employees
7. Zoom: 15% of employees
8. Glassdoor: 15% of employees
9. Twilio: 15% of employees
10. Indeed: 15% of employees
11. LendingClub: 14% of employees
12. Vimeo: 11% of employees
13. Docusign: 10% of employees
14. Salesforce: 10% of employees
15. Gemini: 10% of employees
This week, McDonald's shut its corporate offices as they prepare to cut "hundreds" of employees.
At technology companies alone, we have see 330,000 people laid off over the last year.
Layoffs are spreading well beyond tech now.
Largest Tech Layoffs Since November 2022:
1. Meta: 21,000 employees
2. Amazon: 18,000 employees
3. Google: 12,000 employees
4. Microsoft: 10,000 employees
5. Salesforce: 8,000 employees
6. Twitter: 75% of employees
7. Zillow: 25% of employees
8. Airbnb: 25% of employees
9. Coinbase: 18% of employees
10. Lyft: 17% of employees
11. Zoom: 15% of employees
As of today, we have officially seen 300,000 people laid off in tech since 2022.
We have a Federal Reserve that is actively hoping for mass layoffs in the workforce to cool down rampant inflation that they created. No one will be held responsible. Wild.
This is a very sad day for our newsroom. Absolutely outrageous that our publisher wouldn’t answer a single question after announcing widespread layoffs.