"New year, new layoffs - and Big Tech workers who spent their careers being courted by recruiters are in for a nasty reality. On Wednesday, Amazon said it would cut around 16,000 corporate jobs globally. It's the second round of layoffs since October, when the company eliminated 14,000 roles. Earlier this month, Meta cut about 1,500 employees in its Reality Labs division."
"However, tech workers don't typically face a job market this challenging. US businesses are hiring at one of the lowest rates since 2013, and tech job postings have plunged amid economic uncertainty and the early effects of AI adoption. Over the past year, I've spoken with dozens of laid-off workers - including people from Big Tech companies like Amazon, Meta, and Microsoft. Many told me they'd built their careers in a tech landscape where job security could be elusive, but opportunities were plentiful."
January typically brings layoffs; Amazon cut around 16,000 corporate jobs and earlier eliminated 14,000, while Meta cut about 1,500 Reality Labs roles. January 2024 totaled more than 34,000 tech layoffs across 123 companies. US hiring is near a decade low and tech job postings have plunged amid economic uncertainty and early AI adoption. Many former Big Tech employees with strong résumés and brand-name experience now face difficulty securing new roles despite past recruiter interest and historically abundant opportunities.
Read at Business Insider
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