Spotify, Google, Microsoft, and more: 2023 tech layoffs are already piling up

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Yahoo Finance

Alexandra Garfinkle·Senior Reporter
Tue, January 24, 2023

As Big Tech continues to reel from its massively difficult 2022, some of the sector's biggest names are beginning 2023 by laying off employees by the thousands.

In 2022, companies like Meta (META), Amazon (AMZN), and Intel (INTC) announced major job cuts following years of expansion. There's hope that Big Tech is set up for a better year in 2023, but high interest rates, inflation, a hawkish Fed, and spending slowdowns among both advertisers and consumers have created a storm that's not passing just yet.

Spotify (SPOT) is the latest of Big Tech's sector leaders to lay off workers in droves. To date, tech's biggest names have slashed more than 50,000 jobs. Here's a roundup of major layoffs that have rattled the sector just a few weeks into the new year.

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Jan 24, 2023

Dave Rubin of “The Rubin Report” shares a clip of former Google employee giving a Google office tour that makes it seem like an adult day-care facility.

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