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February 2, 2023
Worship Media
Technology

Tech layoffs in 2023: A timeline

After a year in which technology companies announced massive layoffs, 2023 is looking no different — in fact, the year is starting off worse than 2022.

The problem: Big Tech companies like Amazon, Oracle, Microsoft, Salesforce and Facebook went on a hiring binge during the pandemic when lockdowns sparked a tech buying spree to support remote work and an uptick in e-commerce, and now they face revenue declines.

It’s not only tech giants who are conducting layoffs. Smaller tech firms were also caught up in pandemic-generated hypergrowth and are now suffering the consequences.

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