From Amazon to Twitter — these 18 US tech companies are cutting jobs

Hanno Labuschagne

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From Amazon to Twitter — these 18 US tech companies are cutting jobs

Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US and a strong dollar abroad.

The tech industry shed 9,587 jobs in October, the highest monthly total since November 2020, according to Challenger, Gray & Christmas Inc., a consulting firm that tallies job cuts announced or confirmed by companies across telecom, electronics, hardware manufacturing and software development.

[Bloomberg]
 

noxibox

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Considering there was a huge shortage of skilled people these job reductions aren't even going to make a dent for the skilled.
 
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