2023 Hire freeze?
Money manager Charlie Bilello posted a list recently, and the numbers are stunning…
- Twitter is cutting 50% of its workforce (about 3,700 jobs).
- Facebook is cutting 11,000 jobs--its largest round of layoffs ever.
- Snap is cutting 20% of its workforce (1,200 jobs).
- Shopify is cutting 10% of its workforce (1,000 jobs).
- Netflix cut 450 jobs.
- Microsoft and Salesforce are each cutting 1,000 jobs.
- Robinhood is cutting 31% of its workforce.
- Tesla is cutting 10% of salaried workers.
- Lyft is cutting 13% of its workforce (700 jobs).
- Redfin is cutting 13% of its workforce.
- Coinbase is cutting 18% of its workforce (1,100 jobs).
- Stripe is cutting 14% of its workforce (1,000 jobs).
And in addition to these massive cuts, Bilello says Amazon has announced a hiring freeze, Apple has paused almost all hiring, and Google is reducing new hiring by 50%.
What will this mean for 2023?
Comments
Post a Comment