Tech employees should expect more debloating even after 330,000 jobs got wiped
The tech sector has cut more than 330,000 jobs since the beginning of 2022, per layoffs tracker Layoffs.fyi, but it ain't over yet.
"At a certain point decision-makers at these companies forgot that the harvest period of trend-busting growth and cheap money wouldn't last forever," Jamie MacEwan, senior media analyst at Enders Analysis, told Insider.Analysts note that Google, for example, added around 71,000 employees in the past three years. It has so far announced a single round of job cuts, impacting 12,000 workers.
It's clear that Google is currently on a big cost-cutting drive, and that could extend again to jobs.
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