The Devastating Impact of US Economic Recession on Silicon Valley: Major Layoffs
- Amazon plans to lay off 10,000 workers
- Twitter, Meta, and other companies have cut staff
- Apple CEO says they are being selective in hiring
- BT TV offers a variety of content for viewers
Reports have surfaced that Amazon Inc. plans to lay off 10,000 workers from business and technology positions beginning as soon as this week. These job cuts are expected to primarily affect Amazon’s devices section, which includes Alexa the voice assistant, as well as the company’s retail business and human resources. This follows the news of other large tech companies letting go of their staff. Twitter cut over 5,500 workers from its offices around the world, and Meta, the parent company of Facebook, let go of approximately 11,000 staff internationally.
. The U.S. economic recession has had a devastating impact on Silicon Valley, with a wave of major layoffs taking place. Despite this, Apple CEO Tim Cook revealed in a Monday interview that the iPhone maker is continuing to be “extremely selective” in its hiring process. Other tech giants like Lyft, Google, and Microsoft have implemented cost-cutting measures such as shortening their recruitment processes and eliminating certain positions.
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