Major global technology companies plan to reduce their workforce by laying off more than 64,000 employees in light of the economic slowdown and fears of a possible recession, after 10 years of leading the bull market.
According to Arabiya.net, Microsoft announced on Wednesday that it will lay off 10,000 employees, which will reduce the number of the company's employees by less than 5%.
And before that, Amazon began a new round of job cuts, which is expected to end the contracts of more than 18,000 employees and become the largest workforce reduction in the history of the e-commerce giant.
And according to a report by CNBC, the layoffs come at a time of slowing growth, rising interest rates to fight inflation, and fears of a possible economic recession next year.
The following are a number of technology companies that intend to reduce their employment, and whose number of planned employees exceeds more than 64,000 employees:
Amazon: 18,000 employees.
Microsoft: 10,000 employees.
Alphabet, the parent company of Google: 230 employees.
Crypto.com: 500 employees.
Coinbase: 2,000 employees.
Salesforce: 7,000 employees.
Meta Platforms: 11,000 employees.
Twitter: 3,700 employees.
Lift: 700 employees.
Strip: 1100 employees.
Shopify: 1,000 employees.
Netflix: 450 employees.
Snap: 1,000 employees.
Robin Hood: 1,100 employees.
Tesla: 6,000 employees.
