How many tech industry job cuts have happened in the last few months?

Nearly 50,000 job cuts have taken place in the technology sector in the last one month. Tech companies large and small have gone on a hiring spree over the past several years due to demand for their products, software and services, with millions of people working remotely.

watch: Massive tech layoffs, slow growth fuel fears of a possible recession

However, despite all the layoffs announced in recent weeks, most tech companies are still much bigger than they were three years ago.

Here’s a look at some of the companies that have announced layoffs so far:

August 2022

crackle

The parent company of social media platform Snapchat said it is letting go of 20 percent of its employees. Snap’s staff has grown in recent years to more than 5,600 employees, and the company said at the time that even after laying off more than 1,000 people, its staff would be larger than a year ago.

Robin Hood

The company, whose app helped bring a new generation of investors to market, announced it would reduce its workforce by about 23 percent, or about 780 people. In the first round of layoffs last year, its workforce was cut by 9 per cent.

November 2022

Twitter

Nearly half of the 7,500 employees of the social media platform were let go after Tesla was acquired by billionaire CEO Elon Musk.

lyft

The ride-hailing service said it was cutting 13 percent of its workforce, about 700 employees.

meta

Facebook’s parent company laid off 11,000 people, roughly 13 percent of its workforce.

January 2023

Amazon

The e-commerce company said it should cut around 18,000 positions. This is just a fraction of its 1.5 million-strong global workforce.

sales force

The company is laying off 10 percent of its workforce, about 8,000 employees.

coinbase

The cryptocurrency trading platform cut nearly 20 percent of its workforce, or about 950 jobs, in its second round of layoffs in less than a year.

Microsoft

The software company said it would cut around 10,000 jobs, which is around 5 per cent of its workforce.

Google

The search engine giant has become the latest in the industry to say that as many as 12,000 employees, or about 6 percent of its workforce, will be let go, it will have to adjust.

Spotify

The music streaming service is cutting 6 percent of its global workforce. It did not give a specific number of job losses. Spotify revealed in its latest annual report that it laid off approximately 6,600 employees, which means 400 jobs are being cut.

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