What Amazon, Twitter, Meta, and others got wrong with layoffs

Published by
Computer World

By Lucas Mearian Twitter, Stripe, Coinbase, Salesforce, Zendesk, Tesla, Meta, and others have announced significant layoffs in recent months, even though unemployment rates are among the lowest in 50 years. Facebook parent company Meta announced last week it would cut 13% of its staff or 11,000 workers, with Meta CEO Mark Zuckerberg saying he overestimated how long the pandemic’s e-commerce boom would last. This week, Amazon announced it will cut 10,000 employees, a small fraction of Amazon’s 1.5 million workers that includes tech as well as corporate staffers, according to The New York Times….

Read More