Year | Meta | |
2015 | 3,898 | 12,691 |
2016 | 3,583 | 17,048 |
2017 | 3,372 | 25,105 |
2018 | 3,920 | 35,587 |
2019 | 4,900 | 44,942 |
2020 | 5,500 | 58,604 |
2021 | 7,500 | 71,970 |
2022 | 3,800 | 75,964 |
2022 has been a bloody year for tech; with a macroeconomic slowdown and an over-hiring during the bubble created by easy liquidity through the pandemic, tech giants have found themselves with large employees base, unable to keep up with the current economic landscape.
Among the companies that got hit the most, players in the digital advertising and social media space, like Twitter and Facebook (Meta), have executed mass layoffs of their employees.
Meta laid off 13% of its workforce in 2022, while Twitter, as Elon Musk took over the company, laid off half its workforce.
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