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After Meta, Twitter and Amazon Lay Off 10,000 Workers: What’s Causing the ‘Fire Wave’ in the Tech Market? | News

November 15, 2022, 8:44 PM ISTSource: Mirror now

First Byju’s, then Twitter, then Meta, and now Amazon, it looks like the wave of layoffs won’t end anytime soon. E-commerce site Amazon plans to lay off 10,000 employees in addition to laying off other contract workers on the recruiting side of the company. Amazon joined tech giant Meta, which laid off more than 11,000 employees last week, sparking panic among H-1B visa owners. The recent layoffs were the largest ever in the history of these companies and sparked debate over whether it is a dark period for the big companies, especially tech giants. Lately, several technology companies such as Twitter, Byju’s and Vedantu, Meta, Google, Microsoft and others have also laid off employees in the technology industry both in the US and India under the guise of cost cutting and optimization. use of resources.

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