2023 Hire freeze?

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 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?

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