The latest announcements from major companies technological could have scared a lot of people. Together, big techs laid off around 150,000 employees around the world within a few days. It's common to think that something wrong is happening, and really the information can lead to a path of decay. Throughout this article we will talk more about mass layoffs. Keep reading and stay inside.
Massive layoffs at big tech companies
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Companies claim they are cutting costs now, especially after high demand from global inflation. This is the moment when companies decided to protect themselves for the economic moment presented by the context of the Covid-19.
The company that owns Google, Alphabet, announced that 12,000 of its employees would be fired, 6% of the total staff.
This is also the case of Microsoft when announcing the dismissal of 10,000 of its employees. Then, it announced the investment of R$ 51 billion (US$ 10 billion) in the startup OpenAI, the company that created the ChatGPT artificial intelligence. The resignation announcement may have been startling, but it seems that a business strategy is being created with this investment.
Meta, parent company of Facebook, WhatsApp and Instagram, Alphabet, Microsoft and Amazon reached, together, 50,000 layoffs. Then, the company Twitter communicated the dismissal of 50% of its team. Elon Musk, the new owner of the platform, took over the company last year and filed the resignation announcement.
Reason for mass layoffs in large companies
The numbers were evaluated by 365 Data Science to try to reach a plausible conclusion. The pandemic context required technology companies to hire more employees to meet demand. The whole world stopped, people began to use digital media more to live their lives.
Hiring in technology has increased and, as a result, wages have also risen. Dismissals could be expected when this reality ceases to be common. The whole world slowly returns to normal activities. This is the first time in two years that signings have stopped happening.
The sector that presented 28% of layoffs was Human Resources. Promptly, if there are no hires in the company, the HR demand is no longer happening as it was being guided. Another 56% of the dismissals were represented by women, a point observed that raises doubts about the inclusion of gender in the technology sector. Women are not candidates for high salaries and the possibility of reaching higher positions in technology companies, a point also assessed by the 356 Data Science survey.
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