Big tech, crisis and boom in layoffs: after Google and Meta, Spotify is also leaving employees at home
Decline in investments, reduction in advertising revenue and layoffs; the big companies of the sector tech, especially those of social networks, are suffering, squeezed in a grip that does not seem to loosen. Most notably was the series of layoffs in last months which has focused attention on the health conditions of the sector. Last in order of time is the music streaming platform Spotify, which announced that it will reduce its approximately 9,800 employees by 6%.. “In an attempt to generate more efficiency, cost control and accelerate decision-making processes, I have decided to restructure our organization” reads a message from CEO Daniel Ek. “I was too ambitious to invest beyond our revenue growth. It would have been unsustainable in the long term under any circumstances, but in this challenging context closing the gap would be even more difficult.”
Also on the list Alphabeththe holding company that controls Google: as reported by Corriere della Sera, the hi-tech giant has announced the cut of 12 thousand workers, or about 6 percent of the global workforce. And also Microsoft confirmed in recent days the cut by March of approx 10 thousand workers, corresponding to 5% of the total; the two companies thus extend an already long list of companies in the sector which in recent months have announced downsizing of the workforce.
Among the most recent announcements is that of Salesforce, a US group active in the cloud computing sector based in San Francisco: a few weeks ago the company announced the dismissal of about 8,000 employees, corresponding to 10% of its workforce. Particularly serious, then, were the decisions of two of the best-known tech companies: Twitter in fact, it announced the dismissal of half of its employees, only to then retrace its steps and recall some of them. And Meta it is no less: the company that owns Facebook and Instagram, in fact, in recent months has announced the dismissal of 11,000 employees, in what is the largest workforce cut in its 18-year history. Among the companies to have announced staff cuts in recent months there is also Amazonwhich has left about 18,000 employees out of the 1.5 million globally.
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