Tech Layoffs Shock Young Workers. The Older People? Not So Much.
https://www.nytimes.com/2023/01/20/technology/tech-layoffs-millennials-gen-x.html
Related:
https://www.yahoo.com/news/tech-layoffs-shock-young-workers-191628840.html
Microsoft layoffs suggest broader pain to come for
the economy
https://www.washingtonpost.com/technology/2023/01/18/microsoft-layoffs-tech-industry/
https://www.washingtonpost.com/technology/2023/01/18/microsoft-layoffs-tech-industry/
The empty threat of a white-collar recession
https://www.vox.com/the-goods/2023/1/19/23561276/tech-layoffs-finance-microsoft-amazon-goldman-white-collar-recession
“For tech and finance in particular, many of the layoffs we’re seeing are coming from companies that were trying to ride a shift from the pandemic. You have tech companies that overhired during the pandemic because they misread pandemic-era shifts as long-term structural change,” said Daniel Zhao, lead economist at Glassdoor. “You have the Pelotons of the world who maybe didn’t think that people would go back to gyms in person as opposed to working out from home.”
Some of the layoffs are renormalization of the economy as we’re unwinding the effects of the pandemic, or companies downscaling after getting out a little over their skis in terms of headcount.
https://www.vox.com/the-goods/2023/1/19/23561276/tech-layoffs-finance-microsoft-amazon-goldman-white-collar-recession
“For tech and finance in particular, many of the layoffs we’re seeing are coming from companies that were trying to ride a shift from the pandemic. You have tech companies that overhired during the pandemic because they misread pandemic-era shifts as long-term structural change,” said Daniel Zhao, lead economist at Glassdoor. “You have the Pelotons of the world who maybe didn’t think that people would go back to gyms in person as opposed to working out from home.”
Some of the layoffs are renormalization of the economy as we’re unwinding the effects of the pandemic, or companies downscaling after getting out a little over their skis in terms of headcount.
https://www.bloomberg.com/news/articles/2023-01-20/google-cutting-12-000-jobs-in-6-slash-to-global-workforce
https://www.bloomberg.com/news/articles/2023-01-18/microsoft-to-eliminate-10-000-jobs-or-5-of-workforce-as-tech-slump-deepens
Microsoft Plans 10,000 Job Cuts, to Take $1.2 Billion Charge
https://www.bloomberg.com/news/articles/2023-01-18/microsoft-to-eliminate-10-000-jobs-or-5-of-workforce-as-tech-slump-deepens
Related:
https://www.wsj.com/articles/microsoft-lays-off-10-000-as-slowdown-hits-software-business-11674051698
What Tech Job Cuts Say About Silicon Valley—and the Rest of the Economy
https://www.bloomberg.com/news/articles/2023-01-18/what-2022-tech-layoffs-say-about-silicon-valley-the-economy
Related:
https://www.bloomberg.com/news/newsletters/2023-01-18/why-are-tech-companies-laying-off-so-many-people
https://www.bloomberg.com/news/articles/2023-01-18/microsoft-to-eliminate-10-000-jobs-or-5-of-workforce-as-tech-slump-deepens
Related:
https://www.wsj.com/articles/microsoft-lays-off-10-000-as-slowdown-hits-software-business-11674051698
What Tech Job Cuts Say About Silicon Valley—and the Rest of the Economy
https://www.bloomberg.com/news/articles/2023-01-18/what-2022-tech-layoffs-say-about-silicon-valley-the-economy
https://www.bloomberg.com/news/newsletters/2023-01-18/why-are-tech-companies-laying-off-so-many-people